Going live shortly

You to go halfs with me, I still have a whole pound in this one so would expect at least 50% ownership  in event of default  

savingstream , Yep, I'd vote for bottom up on everything, or (failing that) at least "the first £1m of everything" .. otherwise we might have the weird outcome of a small investor getting what they asked for in a £900k loan, but missing out bigtime in a £1m+ loan (because the system applied was different).

It would be instructive to see what people would have gotten under the two different regimes. Clearly the #1 big honcho is going to lose out under any sort of allocation system, but do they lose out much more under 'bottom up' than they do under 'lets all game the system as much as we can' ?? At least under bottom up there is no incentive for anyone to bid for more than they actually want, so it has to be easier for savingstream to actually ascertain what the real demand is, as opposed to the imaginary / gaming / excess to be sold ASAP sort of demand.

savingstream - I am assuming the current negative balance system remains unchanged?

Once allocations have been distributed, transfers by FP made on Saturday would be with you in plenty of time.

I think some of us may be very surprised at how quickly the SM switches from 'famine' to 'glut'.  Supply/demand is a funny thing.  Do people remember how long the queues were for petrol when there was a slight shortage?  That's where the SS SM is now.  And as soon as the shortage goes away, the queues disappear -- the petrol sits at garages waiting to be bought, with the garage tanks resupplied before they get empty.  With £7M of loans expected to go live this weekend, and possibly another £8M next week, we may soon see a big switch in SM performance.

I expect that many people will put in reasonable pre-funding requests for the Bedfordshire Farm loans, expecting to fund them by selling parts of loans they're overweight in so as to improve their diversification.  And expect that there will be a lot of parts of 'overdue' loans put on the SM as a result.  Those may indeed be snapped up quickly -- those offered today have gone pretty fast -- but I expect that before too long we will find those parts taking a while to sell.

I've been with SS long enough to remember the days when selling on the SM took so long that people were complaining about the SS policy of stopping interest when parts were offered for sale rather than when the parts were sold.  With the current healthy pipeline I'm expecting a return to that situation in the near future.

Of course, that's JMHO -- and I may be very wrong.  We'll have to wait and see what actually happens.

I wasquitehappy when you allocated equal parts to all on last 2 loans & left a small amount available on SM. I did get much less on both than I wanted but regardless, felt it was fairer imho to everybody (ie all of us start from the same start point). Many of the upcoming loans I'm sure will satisfy even high mid level investors & only the very high hitter might be a bit disappointed.

As SS do pounds not percentages, they would have an issue with which lenders to repay though.