A suggested alternetive to the new prefunding system.

I'm in agreement with JamesFrance as I made clear in earlier posts. I have set a prefunding amount but it is very small compared with what I would want to invest in a loan I would find attractive.  OK, sell on the SM if we don't like the loan.  But that may be easier said than done when a £4m loan hits the market.  And it still doesn't address the issue of potentially having to fund three loans in one go when you may not have that amount of ready capital.  Then it really is fingers crossed that the SM is liquid.  But my biggest concern is that there is a big assumption here that everyone is willing to throw their money at anything on SS without having a clue what it is.  If you happen to be a more considered investor then you will effectively be punished by being locked out of the smaller loans unless you pre-fund.

I am a big supporter of SS and while I am by no means the biggest investor around I do have what most people would consider a pretty large chunk invested with them.  I'm not making any threats to go elsewhere but I do feel SS is a bit arrogant and willing to punish those who do not accept this.

I have previously set out my ideal solution which is to launch loans in the existing manner with all docs available but don't immediately allocate investments. This is done after (say) 24 hours when an equitable allocation can be made depending on how oversubscribed it is and if undersubscribed it then completes funding in the normal way. Failing this a bit of advance notice of the basics of the loan so we can set our positions in advance (pretty much as JamesFrance suggested) would be a temporary second best.  Maybe even a capped investment over the first 24 hours would be better as it would leave a bit of time to read docs before the loan fills.