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Post by beepbeepimajeep on Apr 30, 2016 10:49:34 GMT
Is there specific times of day for new loans being listed on the site or is it just at random? Is it only Monday-Friday 9-5 that this happens or can it happen at weekends/out of normal business hours as well?
Apologies if this is a seemingly easy question, I am a bit new to all of this.
Thanks for any replies.
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SteveT
Member of DD Central
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Post by SteveT on Apr 30, 2016 11:10:24 GMT
Very rare for a new loan to launch outside normal business hours (to about 7pm ish). Not entirely unknown in the distant past but not seen any do so since the Fixed Rate loans conversion.
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Post by beepbeepimajeep on Apr 30, 2016 11:31:28 GMT
Thanks Steve, is there any set hours/times that they do launch during the business week or is it just seemingly at random?
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SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
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Post by SteveT on Apr 30, 2016 11:47:53 GMT
Rare to see many in the morning, although there can be the odd property loan. Morning SME loans tend to be Whole Loan rejects so buyer beware. Most appear between about noon and 7pm, either singly at random or in bunches, depending who has been tasked to sit out the ping-pong league that day to press the button.  |
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Post by beepbeepimajeep on Apr 30, 2016 11:53:47 GMT
Thanks Steve.
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Post by yorkshireman on Apr 30, 2016 12:23:15 GMT
I would say that 14:00 to 14:30 and 17:00 to 18:00 are times to watch for new loans.
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andyp
Stubborn Yorkshireman from the rhubarb triangle
Posts: 150
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Post by andyp on Apr 30, 2016 12:41:10 GMT
lunchtime and early afternoon on workdays, seem most popular, I think they spend the mornings proof-reading the listings.  If you are looking for new listings, if it's not there now you can turn your PC off until Tuesday lunchtime. |
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Post by GSV3MIaC on Apr 30, 2016 12:53:48 GMT
They have been known to launch a few on bank holidays, but not many - Monday is awfully slow anyway.
14:10 (ish) is prime time for listing the rejected whole loans from previous session (you can tell, the loan numbers are out of order).
I used to have a whole database, which I used for 'forward cashflow planning' (i.e. how many am I expecting to bid on in the next hour), but since auctions stopped, and I'm hardly bidding on anything, I ceased to update it. I don't believe I saw any launch on Saturday or Sunday (but a few have drawn down, i.e. turned into loans, at really stupid hours).
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Post by goldservice on Apr 30, 2016 15:50:24 GMT
14:10 eh? So that's why I keep missing those E loans |
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Post by GSV3MIaC on Apr 30, 2016 16:58:48 GMT
14:10 eh? So that's why I keep missing those E loans Actually it's 14:00 to 14:10, although hard to tell (after the fact) because when they release a batch of 'ex WL' loans they always stagger the close times by 10 minutes. I hadn't noticed you missing too many though. 8>.
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Post by goldservice on May 1, 2016 9:10:53 GMT
AFAICT 7 day loans are not exactly 7 days and 0 hours so the finish times may not be significant. The only way that I know of to see the pattern of when loans launch is to examine the auction start times of individual loans, lots of them.
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Post by GSV3MIaC on May 1, 2016 9:21:22 GMT
The only ones I have definitely seen not being 7 days (and being more, in various 10 minute increments) are the block-released ex-WL loans mentioned above. All the other do seem to be 7 days, to the accuracy I check to.
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