grahamg
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Post by grahamg on Aug 22, 2015 10:28:07 GMT
Seems like FC is awash with dosh at the moment and all loans are filling up at frightening speed , no questions asked.
Is it low loan volume or new entrants, any ideas ?
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wysiati
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Post by wysiati on Aug 22, 2015 12:00:56 GMT
Seems like FC is awash with dosh at the moment and all loans are filling up at frightening speed , no questions asked. Is it low loan volume or new entrants, any ideas ? Even now 13 out of 53 loan requests are not yet fully funded. Should have gone to Specsavers?
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Post by GSV3MIaC on Aug 22, 2015 14:17:43 GMT
Yes, it's actually very busy auction-wise and quiet bidder-wise compared to a month or two ago .. but then August usually is, both from lenders, and borrowers (all on holiday?) Actually there's usually more or a lender dip than a borrower dip, and some of the best rates result .. "most years" .. usual caveats about driving forward by studying the rear view mirror...
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grahamg
Member of DD Central
Posts: 220
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Post by grahamg on Aug 22, 2015 16:21:35 GMT
I was excluding property loans as they are much bigger but still dissappearing at speed
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Post by GSV3MIaC on Aug 22, 2015 16:50:33 GMT
Well excluding property (some of which doesn't look too bad) there are indeed a mere 5 which are not funded, but that's 5 more (after nearly 24 hours) than were there an hour or so after appearing, back in the grim period early in the year.
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wysiati
Member of DD Central
Posts: 397
Likes: 86
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Post by wysiati on Aug 22, 2015 18:39:33 GMT
Yes, it's actually very busy auction-wise and quiet bidder-wise compared to a month or two ago .. but then August usually is, both from lenders, and borrowers (all on holiday?) Actually there's usually more or a lender dip than a borrower dip, and some of the best rates result .. "most years" .. usual caveats about driving forward by studying the rear view mirror... This time around FC has had over a year to tweak its 'feast/famine' algo to starve the auctions market of first call business loan listings and so help get property tranches over the finishing line whilst still reducing the probability of another seasonal spike in business loan borrower rates.
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