arbster
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Post by arbster on Sept 28, 2015 14:16:37 GMT
A property loan showed up - 7% for 7 months with 2% CB. Not awful.
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min
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Post by min on Sept 28, 2015 14:29:32 GMT
A property loan showed up - 7% for 7 months with 2% CB. Not awful. And already 61% full but that maybe Autobodge. If it is it should stop at 65%.
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SteveT
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Post by SteveT on Sept 28, 2015 14:30:13 GMT
A property loan showed up - 7% for 7 months with 2% CB. Not awful. Funny that an unsecured SME loan for almost twice as long (12 months vs 7) is now deemed worthy of just 6% by Fantasy Charging, yet this one still gets 2%CB [Not all Autobodge! I've nabbed a decent slice for the CB]
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acky
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Post by acky on Sept 28, 2015 14:33:08 GMT
A property loan showed up - 7% for 7 months with 2% CB. Not awful. And already 61% full but that maybe Autobodge. If it is it should stop at 65%. Filled in 19 minutes!
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acky
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Post by acky on Sept 28, 2015 14:41:47 GMT
And already 61% full but that maybe Autobodge. If it is it should stop at 65%. Filled in 19 minutes! Having analysed the bids, I think Autobid dipped its toe in, but essentially the loan was taken up by a few big investors, one taking £54,000, one £20,000, one £11,660 and seven others over £1,000 - that accounts for over £100,000 or 78% of the loan.
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SteveT
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Post by SteveT on Sept 28, 2015 14:46:20 GMT
And already 61% full but that maybe Autobodge. If it is it should stop at 65%. Filled in 19 minutes! And drawn down 10 minutes later. That really is express lending. Parts now available on the SM for those that missed out 
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min
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Post by min on Sept 28, 2015 16:12:26 GMT
So, if you've just come home from work and were going to do a bit of due diligence before bidding - tough. All loans filled and some already drawn down.
On the ones that are still visible (not drawn down) there is only one question and that not answered (not really time).
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Post by longjohn on Sept 28, 2015 16:35:05 GMT
So, if you've just come home from work and were going to do a bit of due diligence before bidding - tough. All loans filled and some already drawn down. On the ones that are still visible (not drawn down) there is only one question and that not answered (not really time). Yep. Unless Faster Completions list new loans at 18:00 anyone logging in when just home from work will only ever see this - 
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SteveT
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Post by SteveT on Sept 28, 2015 16:37:16 GMT
... or get around to listing some rather bigger loans!
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Post by goldservice on Sept 28, 2015 17:29:18 GMT
So, if you've just come home from work and were going to do a bit of due diligence before bidding - tough. All loans filled and some already drawn down. On the ones that are still visible (not drawn down) there is only one question and that not answered (not really time). Yep. Unless Faster Completions list new loans at 18:00 anyone logging in when just home from work will only ever see this - They heard you, John, and released 16112E at 17:57.
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agent69
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Post by agent69 on Sept 28, 2015 17:34:15 GMT
16117 - £150k B loan at 10.6% plus 1% cash back.
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arbster
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Post by arbster on Sept 28, 2015 17:36:41 GMT
And an A+ at 8.3% plus 1% CB.
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Post by GSV3MIaC on Sept 28, 2015 18:01:24 GMT
OK, so, as predicted, their solution to filling the larger loans is to throw (small amounts of!) cashback at them. So far with no impact, since the last three loans are all at 29% regardless of the CB offering (so presumably all levelised by autobodge).
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arbster
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Post by arbster on Sept 28, 2015 18:09:13 GMT
I guess we'll see what happens tomorrow when people are back at work - they may fill up more quickly. It's possible they'll need 2% cashback for £200k+ loans.
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SteveT
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Post by SteveT on Sept 28, 2015 18:33:47 GMT
I guess we'll see what happens tomorrow when people are back at work - they may fill up more quickly. It's possible they'll need 2% cashback for £200k+ loans. Even if they do, question is how much of it you'll have to hand to the next buyer to be shot of it within 6 months....?
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