oldgrumpy
Member of DD Central
Posts: 5,087 
Likes: 3,233
|
Post by oldgrumpy on Nov 26, 2015 16:27:38 GMT
Oh bum!  Never got to sell my one remaining offer. It's still there at the effective rate of just over 2%, so I'll remove it soon. I see there's nothing at all worth buying. Those bold red negative effective rates really "do the trick". Add the tax implications and the red gets even bigger.  |
|
|
|
Post by fundingsecure on Nov 26, 2015 16:35:10 GMT
As per an earlier request in this thread - we have also made the settings for the secondary market "sticky" so your choice of number of records to view is retained.
FundingSecure
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Nov 26, 2015 16:44:09 GMT
As per an earlier request in this thread - we have also made the settings for the secondary market "sticky" so your choice of number of records to view is retained. FundingSecure Brilliant. Please could you explain to Assetz Capital how you managed this? Eh, chris 
|
|
|
|
Post by gaspilot on Nov 26, 2015 16:51:55 GMT
Anybody fancy an eternity ring loan? Effective rate -30.94%
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Nov 26, 2015 16:55:32 GMT
The impact of the new "Effective Rate" field on SM value for money has been immediate. I've just bought a couple of £25 parts (at rates >10%) in loans where PM bids were limited to £25 maximum, which has usefully used up some otherwise homeless interest.
|
|
duck
Member of DD Central
Posts: 2,884
Likes: 6,977
|
Post by duck on Nov 26, 2015 16:55:49 GMT
To help potential purchasers make the correct decisions we have now added an extra field - showing the effective rate of return if you purchase on the secondary market. It remains the choice of the seller whether to ask a high premium and the buyer's choice whether to pay it. FundingSecure Excellent. I was confident in calculating the actual return I had a feeling that others might not be. Whilst I might be shooting myself in the foot if I want to sell any loans it should bring some reality to aftermarket pricing.
Well done fundingsecure
|
|
Investboy
Member of DD Central
Trying to recover from P2P revolution
Posts: 564
Likes: 201
|
Post by Investboy on Nov 26, 2015 17:05:21 GMT
As per an earlier request in this thread - we have also made the settings for the secondary market "sticky" so your choice of number of records to view is retained. FundingSecure Any chance of making the sorting preference also "sticky"
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Nov 26, 2015 17:07:09 GMT
As per an earlier request in this thread - we have also made the settings for the secondary market "sticky" so your choice of number of records to view is retained. FundingSecure Any chance of making the sorting preference also "sticky" I think it must be sticky already. At least, mine is staying on "Effective Rate" sorted Highest to Lowest.
|
|
ablender
Member of DD Central
Posts: 2,204
Likes: 555
|
Post by ablender on Nov 26, 2015 17:29:17 GMT
Anybody fancy an eternity ring loan? Effective rate -30.94%
Is that for ever?
|
|
|
|
Post by Deleted on Nov 26, 2015 17:47:39 GMT
seriously good information on SM, well done
|
|
LittleBear
Member of DD Central
Posts: 98 
Likes: 76
|
Post by LittleBear on Nov 26, 2015 18:03:22 GMT
As per an earlier request in this thread - we have also made the settings for the secondary market "sticky" so your choice of number of records to view is retained. FundingSecure Quick work - thank you!
|
|
webwiz
Posts: 1,133
Likes: 210
|
Post by webwiz on Nov 26, 2015 18:49:37 GMT
Since the premium required is from a drop down table it would be trivial to at least remove the higher options. Failure to do this will result in a huge number of dead loss parts up for sale as there is no incentive to remove them once posted. Come on FS do a "George" and admit you got this slightly wrong (in an otherwise excellent new facility).
|
|
|
|
Post by betterthanworking on Nov 26, 2015 19:02:02 GMT
The next enhancement would be some finer options on setting premiums (and perhaps an absolute cap at +2%). 0.25% intervals would be a good compromise I think. Agreed. A 1% step has a massive effect on APR when there is only a short term left to run. I was going to say that offers with negative APR should be blocked/hidden by the software to protect the unwary, but FS's comment re possible loan renewal is valid.
|
|
jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
|
Post by jonah on Nov 26, 2015 22:02:36 GMT
Nothing on at 10% (pre tax!) or above return currently.
The addition of a yield column is a definite improvement.
|
|
ablender
Member of DD Central
Posts: 2,204
Likes: 555
|
Post by ablender on Nov 26, 2015 23:44:35 GMT
|
|
Never got to sell my one remaining offer. It's still there at the effective rate of just over 2%, so I'll remove it soon. I see there's nothing at all worth buying. Those bold red negative effective rates really "do the trick". Add the tax implications and the red gets even bigger. 
