Plenty for sale in SM ?

Where are all the people who were complaining they were only being allocated a pittance from some of these loans? Why are they not eagerly topping up to the large allocation they claimed to want in the first place?

If everyone was really as eager to invest as they'd claimed to be when they were complaining about getting only tiny allocations, there'd not be any unsold units of those loans from the QAA (or from anywhere else indeed!).

This is just life in a ballanced market there would be no issues, but there will never be a balanced market well at least for very long. AC had a lack of loans which they have addressed ,now they have a shortage of lenders funds which they have plans to address.Doubtless we will then swing back to a shortage of loans again.Ok rates are reducing and i think will in other platforms ,i have made my limmit 8 1/2 % in the mlia ,if i cant find enough for my given modest needs i will go back into the geia and gbba.
I must admitt i am a little surprised that a few of the loans available on the am have not been taken up i would but i am at my single loan max in these.The advantage used by the qaa has only been required to the disadvantage to any great degree to mlia players for i guess 3 weeks and i would be suprised if in another month this is as much an issue but thats easy for me as i am still a buyer not a seller.
My worry is that insufficient  funds will be available to underwrite the retail offers and more and more loans will go to the institutions Ac finding it easyer and less hassle may not ever return that proportion to us.Just underwriting from a large qaa then moving the loan parts into the geia and gbba must on occasions seem a lot less hassle from ac point of view on the whole dealling with less active customer's unlike investers in the mlia.My plans for the moment is to batten down the hatches look for loans that make sence to me with good quality ltv of 65 % or less probably with terms of a year or less and wait for the recession which more and more people seem to be expecting in the next 18 months or so on the various forum sites.

I agree with the 'don't panic' above. In my limited experience I've seen platforms have gluts before, but this combined feast is new to me. I had thought it might last until the fca pull their finger out re ISAs but if it's a month or two sooner, then no worries there either.

There have been over 50 loans with parts on offer, I.e. More than 1 page, everyday for a while now.

Currently, there are 45 loans with parts on offer.

Ok there hasn't been a loan for a day or two, but the feast definitely looks to be heading towards pudding and finishing more than towards another main course.

Cashback for new investors

www.assetzcapital.co.uk/our-investment-accounts/qa-account-landing/?affil=LMAPR005

No sign of the long promised referral scheme

Whilst some marketing success is clearly happening as the QAA has gone up by c. £2m in the last week the backlog of SM loans still persists, albeit down by c £1.5m, competitors such as FC, SS & MT have seen similar gluts completely disappear & whilst I can appreciate what stuartassetzcapital said that it is important to have a SM choice of loans available for new investors to buy into, I suspect a large chunk is BS cash being transferred to QAA cash & not translating much into actual investment in loans. I only have a couple of active sell positions presently but none has moved at all & most of my holds have now more on the SM than less - so any SM buying is patchy at best, I am lucky to have positions in older loans, pre QAA, that could be liquidated in short order should I require the funds but this may no longer be the case going forward.

Hoping for ISA funds to swamp the SM is wishful thinking as the FCA are clearly not interested in expediting full permission applications to allow platforms to deliver what has been promised. The only answer, at least in the short term, is to attract funds that will actually invest either directly or indirectly into the available or future loans, pointing out that institutional investors are ready & willing to take up the platform excess supply is hardly any comfort to MLIA investors, whether buyers or sellers!

 As has already been pointed out there is the risk that a larger, more powerful QAA actually works against direct MLIA loan investors by imposing financial exit penalties, as QAA has sale priority & suffocating liquidity with increased competition by enabling AC to u/w more sub optimal quality/rate loans that normal investors would not fund. The AC assertion that quality & rates are being maintained just doesn’t stand up to scrutiny IMO. Does the QAA actually buy from the SM in times of excess supply? Or just take fresh u/w loans?

Whilst platform growth is generally a good thing both for AC management & future shareholders, it must not be completely for the benefit of non-investing cash depositors or GBBA/GEIA investors at the expense of MLIA investors. Whilst I accept there are no plans to sideline or abolish the MLIA I would be interested to hear the rationale for choosing it when most current loans are single figures, any exit often requires 1%+ discount, any suspension/default/loss is suffered directly by the holder, over say GBBA (7% with PF, loan diversity, high liquidity & virtually no investor time required) – there is just no margin for error left to justify the choice.

That is not how AC SM operates; Although a specific loan isn't visible it doesn't mean it is not being traded; most of my targets are at least partly filled without ever troubling the SM

QAA holdings have priority in any sale, so stockpiling loans for visible availability means blocking MLIA sales (+ imposing a discount/loss to achieve any sales), deliberately swamping the SM with oversupply as a "signal to buyers" simply acknowledges that the operation of the market is too complex to explain or buyers are too stupid to understand or both. As a target based system the most efficient & fairest way to satisfy demand would be to allow those loan specific buying targets to be filled daily from both MLIA & any QAA supply exactly.

You may well argue that the SM is a privilege but that doesn't mean MLIA lenders should be the only ones penalised to use it, which is not only unfair but not what we agreed to when entering the loans (only been imposed since QAA existed).