jimc99
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Post by jimc99 on Mar 26, 2016 5:31:58 GMT
Evening, Pipeline updated (at the top of the thread). Kind regards, Ed Ed, are pipeline loans 6) and 7) MT direct loans and not through a platform partner? Personally I would prefer if one day most loans were direct with MT than through third parties but thats just my opinion. Thanks
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Post by MoneyThing on Mar 26, 2016 8:30:43 GMT
BHs like to be in the company of minnows for safety so MT actually needs to attract both. SS seems to fare quite well and the big differences between MT and SS that I can see are prefunding, bid limits and INPL. All have been discussed before and usually rejected as the current investors prefer the status quo but the fact remains that SS is doing something right that others would do well to mimic. I want MT to grow bigger and faster as competition is good for everyone. Morning locutus, I would just like to make the point that we will gladly consider features that will benefit the platform from the perspective of all types of lenders. As such, nothing is off the table, however I don't want to introduce features that may potentially have to be withdrawn at a later stage due to the position taken by the FCA. Some of the features suggested previously start go into territory where, at least from our interpretation/understanding/dialogue go into grey areas of compliance and therefore would rather attain our full permission before we approach them (with legal opinion), on some of the other features we wish to employ. We might take a more considered, perhaps more cautious approach than others, however we have entered into this market for the long term and whilst we might take a longer time to get there, we hope to grow in as stable a way as possible. Having said that, we are very happy with the growth we have attained in just over a year when we have compared ourselves to other platforms during the same period in their evolution. (We are however mindful that the market has moved on quite considerably since some of the other platforms started out and therefore not a direct comparison, but still interesting indicators none the less). Kind regards, Ed
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Post by MoneyThing on Mar 26, 2016 8:39:06 GMT
Evening, Pipeline updated (at the top of the thread). Kind regards, Ed Ed, are pipeline loans 6) and 7) MT direct loans and not through a platform partner? Personally I would prefer if one day most loans were direct with MT than through third parties but thats just my opinion. Thanks Morning jimc99, I can confirm that 6 & 7 are MT direct loans. I can understand your view. I think we will always retain the two models ('direct' & 'partner'), as the partner side allows us to enter into new and interesting markets and work with specialist lenders who have a deep knowledge & understanding of that particular field rather than build an in house team with as much experience to cover all types of lending we wish to approach (asset class). The main decision to foster the partner channel was to create a wider variety of asset classes to lend against and ultimately provide a wider choice to lenders. Kind regards, Ed
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registerme
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Post by registerme on Mar 26, 2016 11:11:24 GMT
I for one am very appreciative of it, and in fact would like to see more of it.
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Post by MoneyThing on Mar 30, 2016 13:58:11 GMT
Afternoon,
Pipeline updated (at the top of the thread).
Kind regards,
Ed
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jonah
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Post by jonah on Mar 31, 2016 5:06:09 GMT
MoneyThingIs the 'tomorrow' of line 20 now today? I can't see anything on the pipeline page? Today could be interesting to launch new sizeable loans.... People have cashback to invest but there is still a number of loans on offer on the SM.
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Post by MoneyThing on Mar 31, 2016 7:13:52 GMT
MoneyThing Is the 'tomorrow' of line 20 now today? I can't see anything on the pipeline page? Today could be interesting to launch new sizeable loans.... People have cashback to invest but there is still a number of loans on offer on the SM. Morning, We expect this loan to drawdown today (31st). We will then list it today to go live on Saturday or Monday. Whilst there is plenty available on the SM at the moment following the Cash Back, I feel that because of the relatively small size of the loans (£45,000 & £50,000), and the fact that it is a new Partner (and borrowers), they should go fairly quickly. Kind regards, Ed
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am
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Post by am on Apr 3, 2016 11:54:11 GMT
MoneyThing Is the 'tomorrow' of line 20 now today? I can't see anything on the pipeline page? Today could be interesting to launch new sizeable loans.... People have cashback to invest but there is still a number of loans on offer on the SM. Morning, We expect this loan to drawdown today (31st). We will then list it today to go live on Saturday or Monday. Whilst there is plenty available on the SM at the moment following the Cash Back, I feel that because of the relatively small size of the loans (£45,000 & £50,000), and the fact that it is a new Partner (and borrowers), they should go fairly quickly. Kind regards, Ed I'm still failing to find these on either the live or pending loans list.
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Post by MoneyThing on Apr 3, 2016 13:37:55 GMT
Morning, We expect this loan to drawdown today (31st). We will then list it today to go live on Saturday or Monday. Whilst there is plenty available on the SM at the moment following the Cash Back, I feel that because of the relatively small size of the loans (£45,000 & £50,000), and the fact that it is a new Partner (and borrowers), they should go fairly quickly. Kind regards, Ed I'm still failing to find these on either the live or pending loans list. Afternoon am, These loans are yet to be launched for preview. There was a delay in the return of the last of the signed paperwork which we only received back late on Friday which meant that we were past the cut-off to send over payment. As such, we will be sending over payment first thing in the morning (Monday), at which point we will launch the loans on Preview ready to go live at 4pm on Tuesday. Pre-glut period (PGP... in case it gets coined... other than for an encryption standard), we would have launched these with 0.5% bid limits. However I think we will launch them with 1% bid limits and see how they go. Kind regards, Ed IN EDIT: The TLA is for you uncletone since I know how much you appreciate them!
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sam i am
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Post by sam i am on Apr 3, 2016 15:26:04 GMT
MoneyThing, how are things going with 6, 7 and 8? It says they need to complete by 4 April (tomorrow). I've cashed out some other loans in anticipation!
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sam i am
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Post by sam i am on Apr 5, 2016 10:16:40 GMT
Hello MoneyThing, did the loans I mentioned above complete by the deadline? I presume this meant completing at your end but could be launched on the platform at a later date.
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Post by MoneyThing on Apr 5, 2016 10:47:25 GMT
Hello MoneyThing , did the loans I mentioned above complete by the deadline? I presume this meant completing at your end but could be launched on the platform at a later date. Morning - thank you for the nudge, There is still a little more work required to perfect the security and as such we are likely another week away (the deadline has been granted an extension). As soon as the loan has drawn, we will place it on the platform on Pending to go live circa 48hrs after drawdown & listing. Kind regards, Ed
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sam i am
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Post by sam i am on Apr 5, 2016 12:00:43 GMT
Hello MoneyThing , did the loans I mentioned above complete by the deadline? I presume this meant completing at your end but could be launched on the platform at a later date. Morning - thank you for the nudge, There is still a little more work required to perfect the security and as such we are likely another week away (the deadline has been granted an extension). As soon as the loan has drawn, we will place it on the platform on Pending to go live circa 48hrs after drawdown & listing. Kind regards, Ed Thanks Ed. I'd presumed from the date that the deadline was something to do with tax year end. But I guess not. I fully support you taking the time you need to get the security right. That's far more important than rushing to get the loan on the platform.
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Post by MoneyThing on Apr 5, 2016 12:03:26 GMT
Morning - thank you for the nudge, There is still a little more work required to perfect the security and as such we are likely another week away (the deadline has been granted an extension). As soon as the loan has drawn, we will place it on the platform on Pending to go live circa 48hrs after drawdown & listing. Kind regards, Ed Thanks Ed. I'd presumed from the date that the deadline was something to do with tax year end. But I guess not. I fully support you taking the time you need to get the security right. That's far more important than rushing to get the loan on the platform. Admittedly they were trying to take advantage of getting this done before the tax year end - but alas not quite enough time to get it all fully perfected. Thanks, Ed.
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Post by MoneyThing on Apr 6, 2016 15:56:30 GMT
Afternoon,
Pipeline updated (at the top of the thread).
Kind regards,
Ed
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