cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Aug 23, 2016 20:39:30 GMT
This is probably going to be a daft question, and is probably already available somewhere. Would it be possible to have a pinned post on the saving stream bit called "what to do next if" with regards to PBL's becoming DFL's and Tranche's. I do occasionally get a bit confused what is actually happening/going to happen. ilmoro's FAQ post will answer most of your questions, so make sure you have a good read. However to summarise: - When SS decide there is to be a rollover (i.e. a PBL becomes a DFL), a new loan will be launched and all the investors of the old loan will automatically become investors in the new loan
- If you want to opt out of the above simply place your existing loan parts on the SM and when the new loan is launched SS will buy them up
- If you want to increase your holdings, indicate that on the Pipeline
- When a tranche appears on the pipeline it is simply an existing loan getting more funds. Pre-fund if you want to increase your holdings in that loan or leave at 0 if you don't.
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Post by martin44 on Aug 23, 2016 20:53:40 GMT
ilmoro and cooling_dude Thanks, it is there. edit cooling_dude i have copied and pasted your reply on to a wordsheet... no need to worry again, thanks.
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Aug 23, 2016 21:06:19 GMT
There's plenty of development activity ongoing here at the Wolfbeam site. It's a big project, but bit by bit it is shaping up. The whole of that side of the city was supposed to have been developed more than ten years ago but council planning ineptness (****holes!!) and then the recession have held it back. A lot is happening now - at last. DFL004 is my largest investment on SS.
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on Aug 24, 2016 9:15:22 GMT
Tranche 2 is now live.
£1,400.00 allocation.
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dan83
Posts: 243
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Post by dan83 on Aug 24, 2016 10:08:26 GMT
This is my biggest loan to date with £1000.
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on Oct 15, 2016 10:41:43 GMT
Tranche has just gone live
£490.00 allocation
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duck
Member of DD Central
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Post by duck on Oct 15, 2016 11:38:53 GMT
Tranche has just gone live £490.00 allocation Have to say I was expecting it to be a bit larger.
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dan83
Posts: 243
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Post by dan83 on Oct 15, 2016 11:50:17 GMT
I think everyone is piling in to get the 12% before the rate drop on Monday
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Liz
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Post by Liz on Oct 15, 2016 12:02:00 GMT
I think everyone is piling in to get the 12% before the rate drop on Monday [br Around 600 invested, hardly everybody.
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mikes1531
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Post by mikes1531 on Oct 15, 2016 14:32:43 GMT
I think everyone is piling in to get the 12% before the rate drop on Monday Around 600 invested, hardly everybody. Liz: If your 600 number is based on the difference in investors before and after today's tranche, then it won't include investors like me who were in the loan before but increased their holdings today. Considering the size of the tranche and the maximum allocation, there must have been more than 600 investors pre-funding this loan.
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Liz
Member of DD Central
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Post by Liz on Oct 15, 2016 15:01:59 GMT
Around 600 invested, hardly everybody. Liz: If your 600 number is based on the difference in investors before and after today's tranche, then it won't include investors like me who were in the loan before but increased their holdings today. Considering the size of the tranche and the maximum allocation, there must have been more than 600 investors pre-funding this loan. Oops, I got my DFL's mixed up. I make it around 2000. Tranche/allocation, then adjust up.
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ped
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Post by ped on Oct 15, 2016 22:17:11 GMT
I didn't take anymore of this one today, getting close to over exposure on this already.
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sam i am
Member of DD Central
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Post by sam i am on Oct 16, 2016 13:38:47 GMT
I didn't take anymore of this one today, getting close to over exposure on this already. I took the max in this one but none of the other two for exactly the same reason
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Post by geraldine1210 on Oct 16, 2016 18:29:22 GMT
I think everyone is piling in to get the 12% before the rate drop on Monday It won't be all loans, will it? I understood it would be a range of loans with different rates. I assumed 11, 12 and 13%.
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on Oct 16, 2016 18:36:32 GMT
I think everyone is piling in to get the 12% before the rate drop on Monday It won't be all loans, will it? I understood it would be a range of loans with different rates. I assumed 11, 12 and 13%. The fact SS updated their site from top to bottom with "Up To 12%" would suggest we're not going to see any higher rates anytime soon, only lower rates. The proposal seems to be, that loans that match the current loan book will still be 12%, but there will now be loans with better-looking security, that will be offered at lower rates (that previously Lendy Ltd have lost out on, because the borrower/ broker has found lenders with more attractive rates). Only guessing though...
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