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Post by andrewholgate on Mar 13, 2014 10:22:55 GMT
The cashback promotion is part of a series of offers that we're planning around our 1st anniversary, in late March. As you've spotted, there's currently an incentive for new investors. However, there will also be a similar incentive running for existing lenders this month - with the benefit of hindsight, this should have been better communicated, so please accept my apologies for the lapse. Assetz Capital already offers a number of benefits for those who have been loyal to us - in the past, we've offered cashback, set up a shadow bidding system that removes the 'cash tie up risk' and for very large lenders, we have the underwriting proposition. We're fully aware that we wouldn't be where we are now without our existing lender base and the feedback we receive. By listening to you we have made fundamental changes that benefit all lenders and we have no plans to neglect any of you! Getting more money on the Assetz Capital platform benefits all lenders in a number of ways - most importantly, it means that we can fill bigger loans with more confidence and speed thus reducing the dead period where funds do not earn interest, on top of which we have worked hard to increase the speed at which loans draw down successfully. Watch this space for details of the promotion for existing lenders, especially at our lender day on 22 March where I hope to launch something special for our loyal lenders- we have an excellent deal flow lined up, so the next few months should be very exciting! Again, please accept my apologies for the way that this initial offer has been handled. Andrew Email me here |
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j
Member of DD Central
Penguins are very misunderstood!
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Post by j on Mar 13, 2014 10:41:56 GMT
The cashback promotion is part of a series of offers that we're planning around our 1st anniversary, in late March. As you've spotted, there's currently an incentive for new investors. However, there will also be a similar incentive running for existing lenders this month - with the benefit of hindsight, this should have been better communicated, so please accept my apologies for the lapse. Assetz Capital already offers a number of benefits for those who have been loyal to us - in the past, we've offered cashback, set up a shadow bidding system that removes the 'cash tie up risk' and for very large lenders, we have the underwriting proposition. We're fully aware that we wouldn't be where we are now without our existing lender base and the feedback we receive. By listening to you we have made fundamental changes that benefit all lenders and we have no plans to neglect any of you! Getting more money on the Assetz Capital platform benefits all lenders in a number of ways - most importantly, it means that we can fill bigger loans with more confidence and speed thus reducing the dead period where funds do not earn interest, on top of which we have worked hard to increase the speed at which loans draw down successfully. Watch this space for details of the promotion for existing lenders, especially at our lender day on 22 March where I hope to launch something special for our loyal lenders- we have an excellent deal flow lined up, so the next few months should be very exciting! Again, please accept my apologies for the way that this initial offer has been handled. Andrew Email me hereDear Andrew Can't speak for everyone else but I accept your apology. I, with a number of fellow members yesterday when this came to light, was vociferous in my comments about the whole episode, and for good reason, I believe. Surely, you agree, the incentive could have been communicated better & those members who have been with AC from the early days & been very loyal to them could have been somehow made aware earlier of what you have intimated in your statement above so as not to feel excluded. One of the major factors that draw many to AC is the openness & regular dialogue between the perceived 'little' lender & the powers that be. Hopefully this will be a one-off & the damage is repaired. Regards j
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bugs4me
Member of DD Central
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Post by bugs4me on Mar 13, 2014 10:54:24 GMT
The cashback promotion is part of a series of offers that we're planning around our 1st anniversary, in late March. As you've spotted, there's currently an incentive for new investors. However, there will also be a similar incentive running for existing lenders this month - with the benefit of hindsight, this should have been better communicated, so please accept my apologies for the lapse. Assetz Capital already offers a number of benefits for those who have been loyal to us - in the past, we've offered cashback, set up a shadow bidding system that removes the 'cash tie up risk' and for very large lenders, we have the underwriting proposition. We're fully aware that we wouldn't be where we are now without our existing lender base and the feedback we receive. By listening to you we have made fundamental changes that benefit all lenders and we have no plans to neglect any of you! Getting more money on the Assetz Capital platform benefits all lenders in a number of ways - most importantly, it means that we can fill bigger loans with more confidence and speed thus reducing the dead period where funds do not earn interest, on top of which we have worked hard to increase the speed at which loans draw down successfully. Watch this space for details of the promotion for existing lenders, especially at our lender day on 22 March where I hope to launch something special for our loyal lenders- we have an excellent deal flow lined up, so the next few months should be very exciting! Again, please accept my apologies for the way that this initial offer has been handled. Andrew Email me hereDear Andrew Can't speak for everyone else but I accept your apology. I, with a number of fellow members yesterday when this came to light, was vociferous in my comments about the whole episode, and for good reason, I believe. Surely, you agree, the incentive could have been communicated better & those members who have been with AC from the early days & been very loyal to them could have been somehow made aware earlier of what you have intimated in your statement above so as not to feel excluded. One of the major factors that draw many to AC is the openness & regular dialogue between the perceived 'little' lender & the powers that be. Hopefully this will be a one-off & the damage is repaired. Regards j As Andrew has communicated, this could have been handled better so apology accepted. It's in everyone's interests for AC to succeed as they do have a fairly unique platform especially on the openness and communication side of the business. So think it's best to put this one down to a simple jump the gun cock up on their part - they are human (hopefully) after all. No doubt someone will be deprived of their coffee this morning! At least they didn't go and hide under a rock like some others I could mention.
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spockie
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Post by spockie on Mar 13, 2014 11:08:39 GMT
Apology accepted, yes. Probably been a rather uncomfortable morning at AC. Hopefully we'll all benefit from the offers for existing lenders coming soon. Free bananas for Old Grumpy, AC baseball caps for BB, AC calendar for me so I know which Saturday is which...
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oldgrumpy
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Post by oldgrumpy on Mar 13, 2014 11:11:15 GMT
Eh?Wot?Did I hear free bananas? ? 
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Post by andrewholgate on Mar 13, 2014 11:14:11 GMT
Eh?Wot?Did I hear free bananas??
Are you there on 22nd?
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oldgrumpy
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Post by oldgrumpy on Mar 13, 2014 11:20:24 GMT
I'll be in Cambridge in the week, but should be back before 22nd. poised by my computer and tuned in to Assetz....oh, it's a Saturday.
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Post by andrewholgate on Mar 13, 2014 13:14:05 GMT
What's you opinion on the recent merger to create the world's biggest banana empire? It will be based in........Ireland!
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j
Member of DD Central
Penguins are very misunderstood!
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Post by j on Mar 13, 2014 13:34:12 GMT
What's you opinion on the recent merger to create the world's biggest banana empire? It will be based in........Ireland! All this talk about bananas has put me in the mood for some apples!
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oldgrumpy
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Post by oldgrumpy on Mar 13, 2014 13:53:48 GMT
What's you opinion on the recent merger to create the world's biggest banana empire? It will be based in........Ireland! We'll have to see whether it affects the price of my Fyffe a day.....    Being more serious, supermarket prices for bananas are ludicrously low, and we know that it is the plantation workers who are exploited by the retailers' bullying. Fyffes say only 30% of their fruit is "fair trade". I nearly always buy from Sainsbury's, which is 100% "fair trade" on bananas. 68p/kg. Ridiculous! However, we can't be quite sure quite how fairly those plantation workers are being treated, compared with the others. I'm sure it will be better, but the difference may be less than our concept of "fair" may be, despite the pomposity of some televised boasts on the subject.
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Post by valerieb on Mar 13, 2014 16:57:18 GMT
Can we have bananas on the menu for the 22nd? Banana split, flaming bananas, bananas au naturel...... or perhaps just a bunch of bananas displayed to represent OG in spirit if not in body.
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mikes1531
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Post by mikes1531 on Mar 13, 2014 20:48:51 GMT
Hmm. It is still unclear to me whether eligibility for the new lender offer is dictated by who got the email or some real criteria. Did everyone get it eventually? I did not get it. Since I have bid within the last month, I presume I'm not eligible -- so I'll just sit back and wait until the incentives for loyal lenders are revealed.
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bugs4me
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Post by bugs4me on Mar 13, 2014 22:14:24 GMT
Hmm. It is still unclear to me whether eligibility for the new lender offer is dictated by who got the email or some real criteria. Did everyone get it eventually? I did not get it. Since I have bid within the last month, I presume I'm not eligible -- so I'll just sit back and wait until the incentives for loyal lenders are revealed. Think someone pushed the wrong button or should it be buttons as I have bid within the last 30 days and I received it. Anyway, all history now.
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