am
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Post by am on Nov 26, 2015 17:50:32 GMT
Before the Wolverhampton short term loan was pulled I had bid enough to replace my holding in the loan it was replacing, and indulge in a bit of diversity criminality. It's now been relisted, and filled (in under 2 hours) before I even saw the new listing. If some appealing property loans don't come along soon the repayments from the old Wolverhampton are going to take my uninvested money over 5%. (I'm still flush the with Ramsgate proceeds.)
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jayjay
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Post by jayjay on Nov 26, 2015 17:59:54 GMT
Before the Wolverhampton short term loan was pulled I had bid enough to replace my holding in the loan it was replacing, and indulge in a bit of diversity criminality. It's now been relisted, and filled (in under 2 hours) before I even saw the new listing. If some appealing property loans don't come along soon the repayments from the old Wolverhampton are going to take my uninvested money over 5%. (I'm still flush the with Ramsgate proceeds.) I am due a whole load back on the old Wolverhampton, whilst missing out on this afternoon's listing. 10% A+ Property loans dont come up too often and it is a double whammy to have it repaid without getting on board for the replacement. Grumble too.
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acky
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Post by acky on Nov 26, 2015 18:04:57 GMT
Before the Wolverhampton short term loan was pulled I had bid enough to replace my holding in the loan it was replacing, and indulge in a bit of diversity criminality. It's now been relisted, and filled (in under 2 hours) before I even saw the new listing. If some appealing property loans don't come along soon the repayments from the old Wolverhampton are going to take my uninvested money over 5%. (I'm still flush the with Ramsgate proceeds.) There's still over £200k of Hendon 9 available to you! Sorry, sick joke.
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am
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Post by am on Nov 26, 2015 18:13:41 GMT
On the E-alert thread it is reported that two lenders snaffled £50k each (loan filled in 20 minutes). On a £225k loan that breaches the 20% limit, so I'm now wondering whether it's appropriate to escalate a grumble to a complaint.
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acky
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Post by acky on Nov 26, 2015 18:18:48 GMT
On the E-alert thread it is mentioned that two lenders snaffled £50k each (loan filled in 20 minutes). On a £225k loan that breaches the 20% limit, so I'm now wondering whether it's appropriate to escalate a grumble to a complaint. Yeah, Failed Compliance seem incapable of policing their T&Cs in this area, which really is unacceptable. Not to mention that the 20% figure is ridiculously high (IMO).
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jayjay
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Post by jayjay on Nov 26, 2015 18:23:03 GMT
On the E-alert thread it is mentioned that two lenders snaffled £50k each (loan filled in 20 minutes). On a £225k loan that breaches the 20% limit, so I'm now wondering whether it's appropriate to escalate a grumble to a complaint. Yeah, Failed Compliance seem incapable of policing their T&Cs in this area, which really is unacceptable. Not to mention that the 20% figure is ridiculously high (IMO). Looks like a technical error has taken place to me.
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fasty
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Post by fasty on Nov 26, 2015 21:18:54 GMT
Here's a graphical representation of the distribution. The two big slices are both £50k
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SteveT
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Post by SteveT on Nov 26, 2015 22:17:11 GMT
It's also interesting that the first £50k bidder (M*B) placed 50 x £1000 bids. Then, 5 minutes later, the second (R**e) placed an identical 50 x £1000 bids. There was no overlap between the two sets of bids. Almost as if someone might have logged out of one account and logged into another. Curious.
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fasty
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Post by fasty on Nov 26, 2015 22:52:10 GMT
It's also interesting that the first £50k bidder (M*B) placed 50 x £1000 bids. Then, 5 minutes later, the second (R**e) placed an identical 50 x £1000 bids. There was no overlap between the two sets of bids. Almost as if someone might have logged out of one account and logged into another. Curious. Well, it's funny that you should say that, but when I was sorting and processing the data I did notice some other bidding patterns which made me wonder whether some of the "individual bidders" were actually the same person. That was not related to the two £50k chunks.
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Post by grumbledore on Nov 26, 2015 22:58:23 GMT
Here's a graphical representation of the distribution. The two big slices are both £50k
Now to try and spot my £200  Is there a simple way to download the bid data for a single loan?
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fasty
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Post by fasty on Nov 26, 2015 23:12:58 GMT
Here's a graphical representation of the distribution. The two big slices are both £50k
Now to try and spot my £200 Is there a simple way to download the bid data for a single loan? Erm.. Well 5 people bid a total of exactly £200 so I can't be sure. I was surprised that few of the "usual suspects" from this forum were obviously present. Anyway, no, unless I missed a trick, it's actually quite fiddly capturing the data without fancy software tools.
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nick
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Post by nick on Nov 27, 2015 1:01:28 GMT
It's also interesting that the first £50k bidder (M*B) placed 50 x £1000 bids. Then, 5 minutes later, the second (R**e) placed an identical 50 x £1000 bids. There was no overlap between the two sets of bids. Almost as if someone might have logged out of one account and logged into another. Curious. Well, it's funny that you should say that, but when I was sorting and processing the data I did notice some other bidding patterns which made me wonder whether some of the "individual bidders" were actually the same person. That was not related to the two £50k chunks. It does look like the same person. It might be husband and wife account managed by one, something I do so to utilise my wife's basic rate tax bands rather than overcoming the 20% limit. I assume the £50k bid was a misreading of the loan value as £250k rather than £225k..........
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blender
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Post by blender on Nov 27, 2015 9:14:35 GMT
You will not find blender in the bidding list, since FC discriminates against chameleons. But associates of blender were very pleased to take about 7k of this loan. Is the grumble really about the breach of the 20% limit? Associated lenders are still separate and can bid 20%. It's not much different from forumites using the E alert to share the opportunity. And the excess over the 20% was only 10k, which seems to me to be a small miscalculation but basically compliant. A third 20% would have had far more impact.
Is the grumble really not more about missing it? I was looking at the right time (for once), but have missed the odd special offer recently and get a bit cross. Poor old FC throw us a juicy bone and get bitten for their trouble. What are they supposed to do?
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acky
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Post by acky on Nov 27, 2015 9:20:50 GMT
You will not find blender in the bidding list, since FC discriminates against chameleons. But associates of blender were very pleased to take about 7k of this loan. Is the grumble really about the breach of the 20% limit? Associated lenders are still separate and can bid 20%. It's not much different from forumites using the E alert to share the opportunity. And the excess over the 20% was only 10k, which seems to me to be a small miscalculation but basically compliant. A third 20% would have had far more impact. Is the grumble really not more about missing it? I was looking at the right time (for once), but have missed the odd special offer recently and get a bit cross. Poor old FC throw us a juicy bone and get bitten for their trouble. What are they supposed to do? If they wanted to be "fair" to investors, they'd dramatically reduce the 20% limit (say to 1% for the first 24 hours) and put some simple code in their program to enforce it. Of course, there's nothing in it for them to do this, but that does rather beg the question of why they have the 20% rule at all.
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am
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Post by am on Nov 27, 2015 9:34:28 GMT
It could be worse - at least the £50k bidders seems to be buying ($1k chunks) to hold rather than to flip.
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Is there a simple way to download the bid data for a single loan?