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Post by mrclondon on Aug 25, 2016 16:36:44 GMT
If so, that's out of line with what their email said about renewals (accessible via the link above): "RENEWALS Anyone rolling over their investment will receive interest up to the point the old loan is closed and the new loan activated. They will then earn interest from the start date of the new loan, ensuring unbroken interest payment. Anyone choosing not to rollover their investments will receive interest up to the point the new loan is activated and the old loan is closed. Any new investments in the renewed loan will earn interest from the date they place the bid." The last sentence doesn't distinguish between renewals of "old" loans and future renewals of "new" loans. However, I guess it may require some intervention at the point of activation. [My assumption was that rolled-over funds would stay at 0 days until activated, since the funds are still earning interest in the old loan, whilst additional / new funds would start accruing days immediately]Thanks for that SteveT even though it leaves me totally confused given both rolled over amounts and new investments into renewal loans are showing the same 0 days accrued many days after the investments. fundingsecure if this is simply a website glitch it would be sensible to get it fixed as a matter of urgency as it will be putting people off from lending into renewal loans. Full marks to fundingsecure for arranging for a fix to the website within the space of just a few days. SteveT's assumption is now correctly reflected in how the website displays the number of days active for bids on loans being renewed.
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Post by mrclondon on Nov 3, 2016 16:33:24 GMT
fundingsecure - a new bug has appeared with respect to the display of the Days Active in the "Loans Awaiting Activation" section on www.fundingsecure.com/myaccount/current-investments in the context of loan renewals The two loans you completed on 1st November due to the renewal loan being underwritten (Liverpool Business Centre + Bradford-on-Avon Flats) show zero days active for the rollover parts from the original loans, instead of 2 days as it should currently be. As per my original post on the subject a few months ago, it really needs fixing asap as giving the impression loan parts are not earning intrest until the loan fills is not sensible.
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