Liz
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Post by Liz on Feb 17, 2016 10:38:34 GMT
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Post by trentenders on Feb 17, 2016 10:47:50 GMT
Are these allocations not still filling from the bottom? I thought the gaming days were behind us  |
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Liz
Member of DD Central
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Post by Liz on Feb 17, 2016 10:48:34 GMT
Are these allocations not still filling from the bottom? I thought the gaming days were behind us Only loans under £1m, that may change soon.
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Post by GSV3MIaC on Feb 17, 2016 10:49:47 GMT
They obviously went with the '% allocation' method (for loans over £1m) and they are seeing ever increasing amounts of game playing on the later tranches as a result.
The phased release was probably a good idea w.r.t. the load on the website, but not w.r.t. changing prefunding requests on later tranches.
And the SM pretty much froze up anyway (12 seconds to reload a page, I am now being asked for 3 sets of captchas for every bid .. needless to say nothing left by the time I get through them)
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Feb 17, 2016 10:53:08 GMT
Tranche D has just gone live
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jcb208
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Post by jcb208 on Feb 17, 2016 10:54:11 GMT
Well I got about a third Of what I wanted,wished I pre funded a lot higher now
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Post by mattie on Feb 17, 2016 10:54:23 GMT
It might be that the definition of "small loan" for the bottom - up prefunding needs to be increased from £1 million.
In the past we would have expected to receive all or very close to what we had asked for on loans of the size that was released today, but in fact have ended up with a small proportion of what we asked for.
With the increased number of investors, and seemingly ever increasing size pots of cash looking for a home on this platform, maybe even loans of £5 million plus will be fully funded from launch?
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Liz
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Post by Liz on Feb 17, 2016 10:56:56 GMT
Well I got about a third Of what I wanted,wished I pre funded a lot higher now
I hiked prefunding from 5k, to 25k, so got too much.
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ablender
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Post by ablender on Feb 17, 2016 10:58:36 GMT
So it seems that big hitters are still around. They have not taken their funds away as they said they might have to do if the bottom-up for <£1m will be implemented.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Feb 17, 2016 11:00:44 GMT
So - 40% at Tranche D. I wonder how many got burned at Tranche D, when they upped their pre-funding allocation x8 after Tranche C  !! I bet a fair bit of Tranche D is put back onto the SM in the next hour! |
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Post by meledor on Feb 17, 2016 11:03:25 GMT
So it seems that big hitters are still around. They have not taken their funds away as they said they might have to do if the bottom-up for <£1m will be implemented.
Did they indeed say that? Surely you were misinformed?
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Liz
Member of DD Central
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Post by Liz on Feb 17, 2016 11:05:45 GMT
So - 40% at Tranche D. I wonder how many got burned at Tranche D, when they upped you pre-funding allocation x8 after Tranche C !! I bet a fair bit of Tranche D is put back onto the SM in the next hour! Na, it's flying off the shelf. Worst case I have Dozens of other loans I could sell on the very liquid SM. SS need a 72hr ban on SM sales on newly released loans.
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t
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Post by t on Feb 17, 2016 11:12:54 GMT
So - 40% at Tranche D. I wonder how many got burned at Tranche D, when they upped you pre-funding allocation x8 after Tranche C !! I bet a fair bit of Tranche D is put back onto the SM in the next hour! Na, it's flying off the shelf. Worst case I have Dozens of other loans I could sell on the very liquid SM. SS need a 72hr ban on SM sales on newly released loans. If something is not broken no need to try to fix it just play the game
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Post by jackpease on Feb 17, 2016 11:13:04 GMT
There has been a hope that big loans like this would free up the secondary market somewhat - given that we have got so little of this big one then that is clearly not going to happen.
I think SS's standard 12% is sticking out like a sore thumb as simply being too generous. It'd be great to have a debate - without rancour - whether we'd be better off with a lower percentage (if that mean't a greater volume of lending opportunities as SS became more competitive to borrowers).
SS lending is becoming about as accessible as housing is to first time buyers.....
Jack P
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Grezza
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Post by Grezza on Feb 17, 2016 11:16:41 GMT
So I only get about one third of my overall modest pre-funding, so why is there already these sums on the SM when we know everyone is receiving below their requested pre funding levels? Something ain't right!!!☹
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!!
