Liz
Member of DD Central
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Post by Liz on Aug 18, 2015 15:33:55 GMT
Yes, same here. But beware the LTV. It's actually a second charge so the real LTV is 60%. Obviously there was no way of reading the docs to discover this before investing. Yes, realised that after the fact  No worries - should be able to sell easily enough if I want to in a few months time. Agreed and still plenty of equity @ LTV 60%
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mv
Member of DD Central
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Post by mv on Aug 18, 2015 15:33:59 GMT
Sorry still 1.7% left one one loan (it is another that has put it in to minus)
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sam i am
Member of DD Central
Posts: 697
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Post by sam i am on Aug 18, 2015 15:35:35 GMT
Yes, same here. But beware the LTV. It's actually a second charge so the real LTV is 60%. Obviously there was no way of reading the docs to discover this before investing. Yes, realised that after the fact No worries - should be able to sell easily enough if I want to in a few months time. If things stay the way they are, that will take all of 5 seconds...
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merlin
Minor shareholder in Assetz and many other companies.
Posts: 902
Likes: 302
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Post by merlin on Aug 18, 2015 15:36:30 GMT
Totally failed to get further than the log in page and now the amount available is listed as negative. That is enough for me I am afraid as I failed to get into two previous offerings as well. So I will just have to pull my spare cash out when I can eventually log in.
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pom
Member of DD Central
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Post by pom on Aug 18, 2015 15:36:30 GMT
This is totally nuts - still can't get in to even verify if it added my deposit or not - said it had but nothing there when I tried to invest. Get partway thru doing something and then next thing it's a login screen.
Interestingly every time I get the headers the overfunding continues to increase -6k, -19k now -24k so someone clearly thinks there's still something to buy.
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Liz
Member of DD Central
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Post by Liz on Aug 18, 2015 15:36:58 GMT
-24k now
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jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,808
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Post by jonno on Aug 18, 2015 15:38:32 GMT
I'm totally disgusted. The IT issue is bad enough, but massively compounded by the fact that having no initial limits means that huge chunks are being bought while we're all struggling to get on the site. Surely savingstream realise that this is greatly damaging  |
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registerme
Member of DD Central
Posts: 6,624
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Post by registerme on Aug 18, 2015 15:39:41 GMT
Just taunts me with how much left to fund, left of whart who knows Altogether now
LIMITSJust an idea (feel free to shoot it down), rather than limits, or perhaps as wells as, how about "closing to new money" until either additional loan volume of sufficient quality is sourced or there are withdrawals. It'd be no different to a hedge fund or private equity fund that can't usefully employ more investor monies......
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Liz
Member of DD Central
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Post by Liz on Aug 18, 2015 15:40:20 GMT
They need to source more loans, hopefully they are building networks to increase the flow.
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Post by Deleted on Aug 18, 2015 15:40:38 GMT
Quitting the site until they have an IT system that is fit for purpose.
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
Posts: 1,370
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Post by ramblin rose on Aug 18, 2015 15:40:56 GMT
Interestingly every time I get the headers the overfunding continues to increase -6k, -19k now -24k so someone clearly thinks there's still something to buy. Because it comes from multiple loans across the site. There could be 5 oversubscribed loans at -20K each, but just one with £5K available and it would be showing £-95K on the header, when there was in fact the loan with £5K available. That's the kind of scenario that's happened.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329
Likes: 11,549
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Post by ilmoro on Aug 18, 2015 15:42:18 GMT
Hope those of you who did get in are going to tidy up after yourselves  |
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scraggs
Member of DD Central
Posts: 75
Likes: 62
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Post by scraggs on Aug 18, 2015 15:42:59 GMT
I'm totally disgusted. The IT issue is bad enough, but massively compounded by the fact that having no initial limits means that huge chunks are being bought while we're all struggling to get on the site. Surely savingstream realise that this is greatly damaging TBH judging by what they said to someone who moaned about it last time this happened I don't think they really care.
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locutus
Member of DD Central
Posts: 1,059
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Post by locutus on Aug 18, 2015 15:43:14 GMT
SS - please get some decent IT bods on the case. You can even hire me if you're desperate. Hosting should not be an issue with all the cloud platforms available that allow you to spin up extra capacity when required. 500 users is piffling in terms of scale.
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Liz
Member of DD Central
Posts: 2,426
Likes: 1,297
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Post by Liz on Aug 18, 2015 15:44:37 GMT
Maybe they should have a minimum of £1000 to invest in a loan, with all the small bidders gone the servers will work fine.
Stirs hornets nest.
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No worries - should be able to sell easily enough if I want to in a few months time.
