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Post by webbski9 on Jun 1, 2014 10:39:20 GMT
Hi there SS.
Do I assume loan parts on the Secondary Market appear in the " Loans" section rather than a separate ,distinct area on your website ?
Many Thanks
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spockie
Member of DD Central
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Post by spockie on Jun 1, 2014 11:30:27 GMT
Yes. The loan will show as having a percentage of it available, rather than 0.00.
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Post by savingstream on Jun 1, 2014 11:30:43 GMT
Hi webbski9, that is correct, when a loan part is placed up for sale it is added to the availability for that loan and treated with priority over any unfunded availability remaining.
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Post by webbski9 on Jun 1, 2014 11:34:58 GMT
Thanks for your quick response.
Any more Property Loans in the offing ?
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Post by pepperpot on Jun 6, 2014 8:34:44 GMT
Loan parts for sale are now instantly credited to the sellers account upon the 100% sale of that loan part and are immediately available for withdrawal regardless of if the buyer has purchased using GoCardless. The only instance of a seller not receiving funds immediately would be if the seller themselves were trying to withdraw uncleared GoCardless funds. Not quite the only instance... I sold a loan part on 2/6 and it still hasn't been credited to my account. Is this a manual process? Edit: An hour later, and with no other communication, my a/c is now credited...Thankyou!
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Post by savingstream on Jun 11, 2014 10:15:57 GMT
@ savingstream - concerning the more recent bridging loans or in fact any loan that has monthly interest payments, when is the balance of interest paid after the debt obligation is sold on the Secondary Market; the following monthly repayment date, or at term? Thanks. Hi MONEY, I can confirm the balance of the interest would be paid on the next monthly repayment date after you had sold the loan part.
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Jun 11, 2014 15:17:39 GMT
@ savingstream - concerning the more recent bridging loans or in fact any loan that has monthly interest payments, when is the balance of interest paid after the debt obligation is sold on the Secondary Market; the following monthly repayment date, or at term? Thanks. Hi MONEY, I can confirm the balance of the interest would be paid on the next monthly repayment date after you had sold the loan part. I sold some of PBL 002 in May, and to give you a lender confirmation of what SS have just stated, I got the interest due paid to me at the end of May.
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ejohn
Posts: 32 
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Post by ejohn on Jun 13, 2014 16:35:34 GMT
SS now highlight loan parts available in the aftermarket. A simple addition. I like it.
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
Posts: 1,370
Likes: 857
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Post by ramblin rose on Jun 13, 2014 17:19:22 GMT
SS now highlight loan parts available in the aftermarket. A simple addition. I like it. Well, just to be picky and precise, they highlight loans where there is some funding available, whether it is secondary loan parts or original funding. On my screen the difference in colour is negligible unfortunately, unless I lean a long way back, but I can just about see it. Agreed, it is a good addition.
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star dust
Member of DD Central
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Post by star dust on Jun 13, 2014 17:27:17 GMT
I noticed it a few days ago, and thought it a significant improvement to save going boss eyed looking at all those zeros. Unfortunately, it doesn't seem to have resulted in any boat parts materialising though!  |
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ejohn
Posts: 32
Likes: 11
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Post by ejohn on Jun 17, 2014 17:44:54 GMT
The highlighting is now darker. Looks like RRs post above has been influential. Well done SS for taking note.
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
Posts: 1,370
Likes: 857
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Post by ramblin rose on Jun 17, 2014 18:59:11 GMT
The highlighting is now darker. Looks like RRs post above has been influential. Well done SS for taking note. I noticed it too - I was going to post about it yesterday, and then I thought maybe I'd knocked my screen, or slouched more than usual or something, so I thought better of it. Glad I'm not going mad 
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andy2001
Member of DD Central
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Post by andy2001 on Jun 25, 2014 16:34:10 GMT
Just put a couple of loans up for sale. one was £103.91. £100 has sold with £3.91 left over, but this £100 did not get added to my account. It seems like nothing is added until the hole loan is sold, and I'm not even sure if anyone is allowed to buy the rest because of the small size remaining.
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Post by phlitb on Jun 25, 2014 16:38:54 GMT
Just put a couple of loans up for sale. one was £103.91. £100 has sold with £3.91 left over, but this £100 did not get added to my account. It seems like nothing is added until the hole loan is sold, and I'm not even sure if anyone is allowed to buy the rest because of the small size remaining. I can confirm it is possible to buy a part of £3.91!
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andy2001
Member of DD Central
Posts: 361
Likes: 34
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Post by andy2001 on Jun 25, 2014 17:40:00 GMT
Just put a couple of loans up for sale. one was £103.91. £100 has sold with £3.91 left over, but this £100 did not get added to my account. It seems like nothing is added until the hole loan is sold, and I'm not even sure if anyone is allowed to buy the rest because of the small size remaining. I can confirm it is possible to buy a part of £3.91! Indeed it's now sold
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