jonah
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Post by jonah on Feb 18, 2016 21:50:25 GMT
It's far from a shambles. If you pay attention to previous loans and what's been launched recently you can work out with some precision what level to prefund. I was allocated within 10% of what I was looking for in all 4 loans (fractionally light on tranche C, a little over on A and D) and so had to sell none of it. I attempted this. I was a chunk under for a,b and c, but tweaked d on the fly. Overall within 10% of target but mainly due to d. Not critical of SS though, I had underestimated their attraction to fill a loan of that size so well. Kudos to them.
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Post by pepperpot on Feb 18, 2016 22:07:05 GMT
Snap. My D is bigger than A B and C put together.  Not too bothered with that as D has the house on it. (iirc) |
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Feb 18, 2016 22:09:36 GMT
Snap. My D is bigger than A B and C put together. Not too bothered with that as D has the house on it. (iirc) So, pepperpot ; Your D is bigger is it..... no need to show off
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webwiz
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Post by webwiz on Feb 18, 2016 22:22:34 GMT
It's far from a shambles. If you pay attention to previous loans and what's been launched recently you can work out with some precision what level to prefund. I was allocated within 10% of what I was looking for in all 4 loans (fractionally light on tranche C, a little over on A and D) and so had to sell none of it. This is not sustainable. The allocation ratio will continue to fall as people pre-fund more and more. Soon we will be pre-funding 100 times what we really want. Where will it end?
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star dust
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Post by star dust on Feb 18, 2016 23:17:17 GMT
It's far from a shambles. If you pay attention to previous loans and what's been launched recently you can work out with some precision what level to prefund. I was allocated within 10% of what I was looking for in all 4 loans (fractionally light on tranche C, a little over on A and D) and so had to sell none of it. This is not sustainable. The allocation ratio will continue to fall as people pre-fund more and more. Soon we will be pre-funding 100 times what we really want. Where will it end? Our pre-funding levels are capped. I think mine is roughly 10 times more than I am likely to actually want in a loan, so that means I can only game ten fold, so it will end when we all hit our caps, won't that be fun 
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mikes1531
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Post by mikes1531 on Feb 18, 2016 23:43:16 GMT
This is not sustainable. The allocation ratio will continue to fall as people pre-fund more and more. Soon we will be pre-funding 100 times what we really want. Where will it end? Our pre-funding levels are capped. I think mine is roughly 10 times more than I am likely to actually want in a loan, so that means I can only game ten fold, so it will end when we all hit our caps, won't that be fun Pre-funding of Tranche C was 5.2x the amount available. It will be interesting to see what the factor is for the next £1M loan if there aren't three other loans going live at the same time. Total pre-funding for today's four tranches was a bit more than £20M!
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webwiz
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Post by webwiz on Feb 19, 2016 8:44:26 GMT
This is not sustainable. The allocation ratio will continue to fall as people pre-fund more and more. Soon we will be pre-funding 100 times what we really want. Where will it end? Our pre-funding levels are capped. I think mine is roughly 10 times more than I am likely to actually want in a loan, so that means I can only game ten fold, so it will end when we all hit our caps, won't that be fun No, it's not actually capped, but funding more than the total portfolio requires cash in the account. I suggest if people are not prepared to give up their precious "invest now pay later" perk then the proportion of total portfolio that can be prefunded without cash is reduced to, say, 10%.
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adrianc
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Post by adrianc on Feb 19, 2016 9:15:23 GMT
I suggest if people are not prepared to give up their precious "invest now pay later" perk then the proportion of total portfolio that can be prefunded without cash is reduced to, say, 10%. Per loan, rather than total? How about where there are multiple tranches? Let's not forget, though, that these Bedford farm loans totalled more than 10% of the total loan book - so if that 10% cap had been applied to the total of all tranches, then it would not have filled, even if everybody had been hard up to that cap.
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ablender
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Post by ablender on Feb 19, 2016 9:22:02 GMT
Let's not forget, though, that these Bedford farm loans totalled more than 10% of the total loan book - so if that 10% cap had been applied to the total of all tranches, then it would not have filled, even if everybody had been hard up to that cap. Unless there were some who topped up with a lot of cash. Also keep in mind that there is a minimum cap of £10k for people like me who do not add up to £10k. Having said that, I felt pity for you so I did not take my share. 
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webwiz
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Post by webwiz on Feb 19, 2016 9:46:32 GMT
I suggest if people are not prepared to give up their precious "invest now pay later" perk then the proportion of total portfolio that can be prefunded without cash is reduced to, say, 10%. Per loan, rather than total? How about where there are multiple tranches? Let's not forget, though, that these Bedford farm loans totalled more than 10% of the total loan book - so if that 10% cap had been applied to the total of all tranches, then it would not have filled, even if everybody had been hard up to that cap. I admit I plucked the figure of 10% out of the air. If my idea was adopted in principle than SS would work out, for each loan, a figure likely to comfortably fill the loan meaning only small reductions in allocations. I think they have enough data to calculate this reasonably accurately.
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star dust
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Post by star dust on Feb 19, 2016 20:17:33 GMT
Our pre-funding levels are capped. I think mine is roughly 10 times more than I am likely to actually want in a loan, so that means I can only game ten fold, so it will end when we all hit our caps, won't that be fun No, it's not actually capped, but funding more than the total portfolio requires cash in the account. As far as I am concerned our pre-funding ability is capped, I did not state how, or whether it could change. Semantics aside though, I wonder if anyone has seen their cap change? I don't often inspect mine, but even though my loan book has varied by more than a pre-fund band, as far as I am aware my cap has never changed.
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webwiz
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Post by webwiz on Feb 19, 2016 20:37:52 GMT
No, it's not actually capped, but funding more than the total portfolio requires cash in the account. As far as I am concerned our pre-funding ability is capped, I did not state how, or whether it could change. Semantics aside though, I wonder if anyone has seen their cap change? I don't often inspect mine, but even though my loan book has varied by more than a pre-fund band, as far as I am aware my cap has never changed. Read my lips.
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mikes1531
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Post by mikes1531 on Feb 19, 2016 20:51:54 GMT
I wonder if anyone has seen their cap change? I don't often inspect mine, but even though my loan book has varied by more than a pre-fund band, as far as I am aware my cap has never changed. My account is larger than £10k. When I checked a few weeks ago, my pre-funding limit was set at the largest step that didn't exceed my total account value. I've added to my account since then, and when I look at the pre-funding drop-down list right now it's greater than it had been before, but it's still at the largest step that doesn't exceed my current total account value. I expect it is updated automatically whenever an account that's larger than £10k grows or shrinks.
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Post by GSV3MIaC on Feb 19, 2016 21:54:09 GMT
The steps do get rather far apart the higher you go though !
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star dust
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Post by star dust on Feb 19, 2016 21:57:59 GMT
This is not sustainable. The allocation ratio will continue to fall as people pre-fund more and more. Soon we will be pre-funding 100 times what we really want. Where will it end? Our pre-funding levels are capped. I think mine is roughly 10 times more than I am likely to actually want in a loan, so that means I can only game ten fold, so it will end when we all hit our caps, won't that be fun No, it's not actually capped, but funding more than the total portfolio requires cash in the account. As far as I am concerned our pre-funding ability is capped, I did not state how, or whether it could change. Semantics aside though, I wonder if anyone has seen their cap change? I don't often inspect mine, but even though my loan book has varied by more than a pre-fund band, as far as I am aware my cap has never changed. Read my posts . I didn't disagree with the second part of your sentence. As I understand it the caps are:= Loan book + cash in account < £10k ~ pre-fund cap = £10k Loan book + cash in account > £10k ~ pre-fund cap = Loan book + cash in account, rounded down to nearest pre-fund band. Loan book + cash in account > £250k ~ pre-fund cap = £250k? And as mikes1531 has confirmed, an investors pre-fund caps vary with their current situation. In Edit: my point was principally that there is a limit to it, although I doubt it'll get there.
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