walktall7
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Post by walktall7 on Apr 21, 2014 16:44:52 GMT
If I have got the correct loan U**** on S**** brid loan you will recived some interest from about March 10th while it is waiting for drawdown
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mikes1531
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Post by mikes1531 on Apr 21, 2014 17:33:29 GMT
mikes1531 as to how much money is sitting in peoples a/c's; the Birmingham Bridging Loan (I think that's the one; do correct me if I'm wrong) was in pre-bid most it's life and as best as I can remember it was for 75k(?) and was covered by 27k-29k in funded pre-bids. There were about 200 bids to fill it. I'm sure there's half an answer in there somewhere... ... but I'm not sure where it is, anyway I have £403 gently rotting in my account. And it stinks! I used to keep available cash in my account down to a minimum. If something interesting appeared on the AM it didn't take but a few seconds to use GoCardless to add money to my account and buy some of the available parts. With AutoInvest, that no longer works, so I have to keep a few hundred pounds in my account at all times 'just in case' something came up that AI is willing to let me buy. On occasion, my available cash all disappeared via an AI purchase and I was left wondering whether I could have bought more if I had left more money sitting idle in my account. chris can correct me if I'm wrong, but based on previous comments I have the impression that once you get to the front of the queue for a given AI, if there's £1000 of loan parts available and you have £1000 in your AC account you'd buy the lot. If you don't have the full £1000 available, then you are out of luck -- a missed opportunity to buy some of those parts. I'd much rather that the £1000 of loan parts went £100 each to the first ten lenders in the queue. The end result would be a steady dribble of a variety of AI loan part purchases rather than large purchases once in a blue moon. That would produce better diversification and require less cash sitting idle in my account 'just in case'. The bottom line is that, now that we have AI, I expect that lenders are feeling the need to leave more funds in their accounts, and that isn't helping the returns they'll actually achieve.
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Post by westcountryfunder on Apr 21, 2014 18:09:55 GMT
mikes1531 as to how much money is sitting in peoples a/c's; the Birmingham Bridging Loan (I think that's the one; do correct me if I'm wrong) was in pre-bid most it's life and as best as I can remember it was for 75k(?) and was covered by 27k-29k in funded pre-bids. There were about 200 bids to fill it. I'm sure there's half an answer in there somewhere... ... but I'm not sure where it is, anyway I have £403 gently rotting in my account. And it stinks! The bottom line is that, now that we have AI, I expect that lenders are feeling the need to leave more funds in their accounts, and that isn't helping the returns they'll actually achieve. Absolutely agree with you on that, Mike. Having not been in AC from the beginning, there are several loans that I would like to have a stake in, but now I need to have money hanging around in my account on AI, just on the off-chance that something comes up. Only one success so far, and that was for less than I was looking for. Not happy, and coupled with the abominably slow draw down on new loans, I'm going off AC. SS is looking increasingly attractive, but rather untested.
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andy2001
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Post by andy2001 on Apr 24, 2014 15:39:30 GMT
Seems like the Underwriter/User Horseshoe is now being updated a lot more the once a day on drawndown loans.
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Post by Ton ⓉⓞⓃ on Apr 24, 2014 18:27:37 GMT
Seems like the Underwriter/User Horseshoe is now being updated a lot more the once a day on drawndown loans. That's useful news, do you think it's hourly or dynamic perhaps?
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andy2001
Member of DD Central
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Post by andy2001 on Apr 24, 2014 18:34:26 GMT
Seems like the Underwriter/User Horseshoe is now being updated a lot more the once a day on drawndown loans. That's useful news, do you think it's hourly or dynamic perhaps? May be instant but I'm not 100% sure.
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mikes1531
Member of DD Central
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Post by mikes1531 on Apr 25, 2014 3:09:15 GMT
That's useful news, do you think it's hourly or dynamic perhaps? May be instant but I'm not 100% sure. I think it's more frequent than hourly, but not quite dynamic/instantaneous. I bought a few parts on the AM and the number didn't change as soon as I refreshed the page, but it had changed by a few minutes later. Of course I don't know how many other people were buying parts of that same loan at a similar time, so I can't prove that the changes in the total that I observed actually were the result of my purchases. Perhaps chris will let us know when he has a minute to spare.
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Post by chris on Apr 25, 2014 6:02:49 GMT
It used to be daily but I've made some optimisations and updated it to run every 15 minutes.
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Apr 25, 2014 7:43:36 GMT
It used to be daily but I've made some optimisations and updated it to run every 15 minutes. That really IS dedication to the cause. I remember my little brother seemed to be "very" regular, but he didn't get changed that often. Is the wife nappy...I mean HAPPY with the increased frequency?  WaaaaaaaaaaaaaaaaaaaHHHHHHHHH!!! Ey-up...fifteen minutes....ACTION! All change! PS Will you be escaping to less aromatic (I presume) duties next week? Assetz rather than Nappetz?
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Post by valerieb on Apr 25, 2014 9:12:08 GMT
Chris, hope you've developed the art of calming the baby with one hand whilst tapping on the keyboard with the other. I can recommend slings (the carrying kind) and wave music (the sea kind) and avoid all books saying the baby should sleep x hours - she probably hasn't read them.
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Post by batchoy on May 2, 2014 8:55:40 GMT
Sitting looking at my account this morning and attempting to judge whether I need to think about moving more funds in or if loans will mature in time to settle my Shadow account it struck me that we need an additional column in the 'Your Loans' Section of the Account Dashboard page which tells us at a glance where the loans are with regards to the term of the loan. We have column which tells what the term of the loan is but not how far we are into that term i.e. 5 months into a 6 month term.
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Post by chris on May 2, 2014 9:02:39 GMT
Sitting looking at my account this morning and attempting to judge whether I need to think about moving more funds in or if loans will mature in time to settle my Shadow account it struck me that we need an additional column in the 'Your Loans' Section of the Account Dashboard page which tells us at a glance where the loans are with regards to the term of the loan. We have column which tells what the term of the loan is but not how far we are into that term i.e. 5 months into a 6 month term. Yeah, would be nice. Along with a simple "at a glance" list or chart showing scheduled loan repayments. Passed on to our front end team to incorporate into their review.
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acorn
Posts: 118
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Post by acorn on May 2, 2014 9:22:15 GMT
I would like to see a list of my AM requests on the a/c page please, with direct click through to each loan, so that I can manage these more easily.
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star dust
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Post by star dust on May 2, 2014 11:21:02 GMT
The bottom line is that, now that we have AI, I expect that lenders are feeling the need to leave more funds in their accounts, and that isn't helping the returns they'll actually achieve. Absolutely agree with you on that, Mike. Having not been in AC from the beginning, there are several loans that I would like to have a stake in, but now I need to have money hanging around in my account on AI, just on the off-chance that something comes up. Only one success so far, and that was for less than I was looking for. Not happy, and coupled with the abominably slow draw down on new loans, I'm going off AC. SS is looking increasingly attractive, but rather untested. New to this forum, and new to both AC and SS, so sorry I'm probably posting in the wrong thread. More or less agree with these comments. Joined AC towards the end of April, and was not supplied with any cash-back info (one seemed to be going on judging by this forum) nothing (I wanted anyway) to invest in, and only managed to make a few investments yesterday when some things popped up on the aftermarket. Have just about managed to work out 'auto-invest' but that was largely thanks to the very lengthy thread on this forum - the AC website could at least do with some kind of FAQ. I have found it really hard work trying to 'sus out' what's going on. The auto-invest is yet to supply me with anything. and I too hate to have funds sitting idly. SS on the other hand has been nice and simple, and their AM introduced yesterday is an excellent start. I think SS will need to keep on top of its website as it gets more loans and complexity grows, but conversely I think AC needs to de-clutter, but provide more guidance, obviously the 'initiated' don't need it but it was mega-confusing to this 'newbie'.
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acorn
Posts: 118
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Post by acorn on May 3, 2014 8:37:33 GMT
Whoops, found it! Curling up with embarrassment....will remember to engage brain before opening mouth another time!
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