adrianc
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Post by adrianc on Jun 14, 2016 8:19:08 GMT
I do mind that their website can't apparently cope with the traffic .. 'adjust your prefunding please' in the email is all very well, but if you can't actually GET to the prefund page (OK, I did e-v-e-n-t-u-a-l-l-y) it isn't much use. I'm not seeing that at all - sure, it's a little slow, but it's been working just fine from here, last night and this morning. I think I've had about three time-out errors total, and have been busily rebalancing and hoovering up some rare sights.
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Post by bonfemme on Jun 14, 2016 8:26:27 GMT
9 loans on one day just does not work. One or two works beautifully. Everything keeps moving. With people getting ready for nine loans you just end up with s glut on the SM. I know you can top up the normally hard to get, but very difficult if you want to sell something. Last night I assumed there would be a glut on the SM today, but I don't think there is. I haven't found it at all difficult to diversify, and have sold mostly everything I wanted to sell on three different accounts.
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ianj
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Post by ianj on Jun 14, 2016 8:32:44 GMT
9 loans on one day just does not work. One or two works beautifully. Everything keeps moving. With people getting ready for nine loans you just end up with s glut on the SM. I know you can top up the normally hard to get, but very difficult if you want to sell something. Agreed. I seem to remember at one time there was a 3 loans per day maximum "guarantee". Was this dropped? We'd probably be the last to to know! This was what savingstream stated originaly. Generally, I cautiously welcome the idea. The only slight flaw for the investor is not knowing the number of loans per period (and therefore the total investment) that they are offering up for. However, the secondary market fluidity offers a way out. We considered this, we won't go nuts without letting everyone know in advance. 3 will be the max on any one day as has been the case so far.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Jun 14, 2016 8:35:20 GMT
Agreed. I seem to remember at one time there was a 3 loans per day maximum "guarantee". Was this dropped? We'd probably be the last to to know! This was what savingstream stated originaly. We considered this, we won't go nuts without letting everyone know in advance. 3 will be the max on any one day as has been the case so far. I'm guessing they simply consider this as a single borrower; since that statement they also released the 4 Bedfordshire loans on the same day.
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Liz
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Post by Liz on Jun 14, 2016 8:54:01 GMT
Agreed. I seem to remember at one time there was a 3 loans per day maximum "guarantee". Was this dropped? We'd probably be the last to to know! This was what savingstream stated originaly. We considered this, we won't go nuts without letting everyone know in advance. 3 will be the max on any one day as has been the case so far. I think when they made that statement, we weren't given warning about prefunded loans being listed and going live. Now we get emails and notice, so we can adjust our prefund accordingly without being caught out. Pre funding can be set to zero if you are away from your emails and computer for a few days.
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Post by chielamangus on Jun 14, 2016 9:11:37 GMT
London should have it's own currency... Even better, should be declared an independent country. It's a world of its own. Reminds me of Withnall's famous "We're not from London, you know".
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star dust
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Post by star dust on Jun 14, 2016 9:17:29 GMT
SM busy. Be careful not to prefund too much, liquidity on most loans might not be there. I'm also slightly concerned about brexit and over inflated London property. Agree with the first point.
I also agree at this stage we have to assume there is a real possibility of brexit irrespective of personal views.
Where I beg to differ is in any short term impact of brexit on these loans. London property is not a homogenous lump, and in particular the segregation of areas and who lives in them is quite stark. As an example a significant proportion of Mayfair residents are non-European nationals working in the diplomatic missions, and (particularly Americans) in the hedge fund and high end antique sector which are largely Mayfair based. Also popular with those from the Arabic peninsula. I would expect brexit to have little effect in Mayfair as the number of non-diplomatic Europeans living there is quite low. The medium term dynamic there is more the extent to which the move of the American Embassy to south of the river affects the Mayfair market.
The major medium term brexit effect on the London market will be felt in the few areas favoured by the French expat community.
Properties such as these are rarely owner occupied. They are generally held by property funds as rentals. These loans themselves may be less of an issue, but they are not the only ones, and I would worry about other loans if there is a significant downturn in property prices in general (near or medium term) and the repercussions for platform risk.
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skippyonspeed
Some people think I'm a little bit crazy, but I know my mind's not hazy
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Post by skippyonspeed on Jun 14, 2016 9:22:10 GMT
London should have it's own currency... Even better, should be declared an independent country. It's a world of its own. Reminds me of Withnall's famous "We're not from London, you know". Anyone remember Passport To Pimlico?
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warn
Member of DD Central
Curmudgeon
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Post by warn on Jun 14, 2016 12:29:25 GMT
Anyone remember Passport To Pimlico? westonkevRS did, about a dozen posts ago...
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tx
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Post by tx on Jun 14, 2016 12:29:38 GMT
I just passed Pimplico this morning on Victoria line ...
I kind of think, SS did these loan together on purpose. With 12mil in pipe line, they can truely see the depth of the market. From past few loan and allocation ratios, I estimate the "indicated" pre-funding depth is around 8 million. However everyone on SS knows this would be an inflated number. So this time they have a number that is bigger than previous indicated depth, there is every chance that it will get full allocation. People will start to scale back on pre funding, and it may be very interesting to see the appetite and allocation today of these loans.
Liquidity deteriorated a lot already on low-day loans on SM.
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Post by geraldine1210 on Jun 14, 2016 12:39:17 GMT
I wonder if all nine will go live today. Also there was talk of a tenth(?)
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skippyonspeed
Some people think I'm a little bit crazy, but I know my mind's not hazy
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Post by skippyonspeed on Jun 14, 2016 12:42:49 GMT
Anyone remember Passport To Pimlico? westonkevRS did, about a dozen posts ago... Sorry missed it
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adrianc
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Post by adrianc on Jun 14, 2016 12:51:59 GMT
I wonder if all nine will go live today. Also there was talk of a tenth(?) Tenth would be 106, which is still waiting to launch.
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