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Post by brokenbiscuits on Jun 15, 2016 17:21:44 GMT
I got 100% on loans PBL107 and PBL108, leaving me with an 8K negative balance which I can't clear for 7 days!
I've messaged SS complaining about the 2 loans being allocated within seconds of each other, considering I've been waiting since yesterday.
Lesson learnt, don't set any pre-funding amounts and try to play the captcha game on the SM :-( I think the simpler lesson would be the one that SS themselves have suggested: " Investors should only pre-fund what they actually want..." You might even conclude that the way they ran things today was precisely to teach people that lesson  What if you want less than the minimum prefund in each but also want the diversity of being in all loans?
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adrianc
Member of DD Central
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Post by adrianc on Jun 15, 2016 17:22:12 GMT
Sorry Guys... I'm a tad late to the game... I got 100% what I asked on the two I was after, but a quick browse through the comments show that SS allocated all these loans bottoms up...  Does anybody know what the bottom up figure was across these loans, or is it an entirely new system that SS are using? It's all in the PF thread's table already, mate.
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adrianc
Member of DD Central
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Post by adrianc on Jun 15, 2016 17:22:49 GMT
What if you want less than the minimum prefund in each but also want the diversity of being in all loans? If you really want less than £100, then it's not going to be the end of the world to pick them up on the SM sooner or later.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Jun 15, 2016 17:26:09 GMT
Sorry Guys... I'm a tad late to the game... I got 100% what I asked on the two I was after, but a quick browse through the comments show that SS allocated all these loans bottoms up... Does anybody know what the bottom up figure was across these loans, or is it an entirely new system that SS are using? It's all in the PF thread's table already, mate. Just been reading it... So has been confirmed as the new system or is it just a one off (the only contact from SS I can see is that information provided by SteveT )...
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Post by brokenbiscuits on Jun 15, 2016 17:31:55 GMT
What if you want less than the minimum prefund in each but also want the diversity of being in all loans? If you really want less than £100, then it's not going to be the end of the world to pick them up on the SM sooner or later. You would be surprised. Someone with £50 in every loan is not going to spend all their time logging in to check secondary market activity. Easier to prefund £100. Sell anything over £50 and hoover up what you can when you occasionally pop on.
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Post by trevxe on Jun 15, 2016 18:01:11 GMT
Just noticed that my email folder doesn't have any "New pre-fund investment" emails from any of today's new loans. Did anyone else get these? If the update has broken those email notifications, I wonder how many of the less active members aren't even aware that the new loans have gone live yet, because they normally rely on those emails, and are about to discover a huge negative balance later this evening / tomorrow...? I've not received any email either.
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treeman
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Post by treeman on Jun 15, 2016 18:05:31 GMT
Just noticed that my email folder doesn't have any "New pre-fund investment" emails from any of today's new loans. Did anyone else get these? If the update has broken those email notifications, I wonder how many of the less active members aren't even aware that the new loans have gone live yet, because they normally rely on those emails, and are about to discover a huge negative balance later this evening / tomorrow...? I've not received any email either. Mine did a bus job and all arrived at once at 16:24 ...............
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kermie
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Post by kermie on Jun 15, 2016 18:21:38 GMT
No emails for me either; I sold on the SM this evening and only got sale completed notifications for 1 of the 2 parts (despite both selling quickly).  Edit: the second "sale completed" email did arrive, but still no sign of any go-live allocation notices. |
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Post by p2plender on Jun 15, 2016 20:05:12 GMT
Any longer term SSers have an idea as to when SM may clear to more normal levels?
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SteveT
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Post by SteveT on Jun 15, 2016 20:18:46 GMT
Any longer term SSers have an idea as to when SM may clear to more normal levels? That depends whether we get more new loans launching in the meantime. If not (after tomorrow's), I'd say 2 weeks.
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Post by harvey on Jun 15, 2016 20:18:48 GMT
Any longer term SSers have an idea as to when SM may clear to more normal levels? That depends if saving stream have held back some unsold parts of the 9 new loans to drip feed them onto the secondary market over the coming few days. However I would say it will be 1 week before things start resembling normality again in terms of liquidity.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Jun 15, 2016 20:20:21 GMT
Any longer term SSers have an idea as to when SM may clear to more normal levels? It took a couple of weeks the last time the SM become static; from memory, it happened in March due to a succession of large loans going live and some "housekeeping" by SS.
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jonah
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Post by jonah on Jun 15, 2016 20:22:47 GMT
Any longer term SSers have an idea as to when SM may clear to more normal levels? Apologies if this sets off a tangent... But I suspect that a leave vote could delay this a little. Rightly or wrongly it would concern some investors in London property which could trigger a sell off. I wouldn't expect it to defer the resumption of 'normal ' SM status by more than a week or two though.
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Post by harvey on Jun 15, 2016 20:28:32 GMT
I'm hoping things will have become a lot more liquid and normal by this time next week and before the referendum.
I have to say if a Brexit looks highly likely in a week's time I may well be doing a bit of housekeeping of my own in terms of what loans I hold so I'm hoping things will be more easily and quickly shiftable next week but I would not be surprised if this secondary market surplus hangs around for a bit longer than that despite my hopeful prediction that normality will be resumed in 1 weeks time. I guess there may be others thinking along the same lines as me which could mean excess availability on the secondary market could continue or even increase after a brexit vote.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Jun 15, 2016 20:41:48 GMT
I'm hoping things will have become a lot more liquid and normal by this time next week and before the referendum. I have to say if a Brexit looks highly likely in a week's time I may well be doing a bit of housekeeping of my own in terms of what loans I hold so I'm hoping things will be more easily and quickly shiftable next week but I would not be surprised if this secondary market surplus hangs around for a bit longer than that despite my hopeful prediction that normality will be resumed in 1 weeks time. I guess there may be others thinking along the same lines as me which could mean excess availability on the secondary market could continue or even increase after a brexit vote. If you think Brexit looks highly likely, then you should have punt at the bookies because they're pretty sure remain will win  Personally, (my view of the result, I'm not going to express my actual opinion on the subject) I think the status quo votes within the undecided crowd will win it for remain.
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