spockie
Member of DD Central
Posts: 299 
Likes: 84
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Post by spockie on Mar 15, 2014 14:27:45 GMT
Come on, underwriters - get selling!
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Post by Ton ⓉⓞⓃ on Mar 24, 2014 16:41:04 GMT
I noticed on this Loan now that it's on AM that it had atleast two large bids one accepted (£133,940) and one not (£167,860). Anyone know why certain bids are rejected like this? I don't think it's just size as wasn't there a bid of 350K on Nottingham accepted?
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mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
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Post by mikes1531 on Mar 24, 2014 21:47:23 GMT
I noticed on this Loan now that it's on AM that it had atleast two large bids one accepted (£133,940) and one not (£167,860). Anyone know why certain bids are rejected like this? I don't think it's just size as wasn't there a bid of 350K on Nottingham accepted? The larger bid came first, and was the underwriter(s) filling the loan based on the funds needed at the time. The auction then progressed, more bids were received, and less underwriting was needed. When the auction closed, the original underwriter bid was 'rejected' and a new underwriter bid placed for the final amount needed to fill the loan. (You'll note that the latter bid was placed a week after the auction ended.)
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Post by Jack Barlow on Apr 15, 2014 11:24:55 GMT
First interest payment (due 14/4/14) received today.
But still waiting for 2nd "cashback" payment for extending drawdown date from 7th to 14th March (see unanswered question dated 21 March in loan Q&A).
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jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,808 
Likes: 3,242
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Post by jonno on Apr 15, 2014 11:42:43 GMT
Jack,I had a small amount paid on 10th march.Yours may have been so little you missed it! :'(sorry that may well have been the first "tranche".
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Post by Jack Barlow on Apr 15, 2014 12:00:35 GMT
jonno, yes first payment received on 10th March was (as I understand it) for extending drawdown date from 28th February to 7th March
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mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
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Post by mikes1531 on Apr 15, 2014 13:19:33 GMT
jonno, yes first payment received on 10th March was (as I understand it) for extending drawdown date from 28th February to 7th March If we don't get a response from AC here, we may need to add another Q to the Q&A. (I have seen Q's A'd even when the auction closed a while ago.)
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Post by Jack Barlow on May 29, 2014 12:02:31 GMT
2nd cashback payment was credited on 14/5/2014. Got there in the end!
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Post by pepperpot on Dec 18, 2014 16:34:07 GMT
This loan has just been repaid in full.
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Post by cyrilmadrid on Dec 18, 2014 20:42:56 GMT
Considering the lengthy drawdown period -3 months-, and only 9 months of real loan (compared to an expectation of 5 years), this loan didn't prove very profitable -roughly 7.5pc-. But better than nothing !
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