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Post by ratehopper on Sept 18, 2016 18:22:30 GMT
In a number of places on this forum, members have raised the question about whether interest on the receivables can be paid monthly to an investor with the capital element only being reinvested. However, I couldn't find a reply to this. Does anyone know the answer?
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Greenwood2
Member of DD Central
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Post by Greenwood2 on Sept 18, 2016 19:05:00 GMT
I don't think so at the minute, but it may be on the to do list.
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Post by stevefindlay on Sept 19, 2016 20:52:35 GMT
This is in the to do list. And a number of clients have asked for it, so it has been scheduled for development.
In the mean time, this can be done in a manual way - contact us in the last week of the month, we can switch off auto reinvestment for you and as soon as sufficient cash has been repaid (capital or interest) we can wire the interest for the month, and switch back on Auto reinvestment.
Sorry that this is a little laborious right now...
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Post by ratehopper on Sept 20, 2016 11:28:07 GMT
Thanks Steve. Good to know that it is in development. A bit laborious as you say but okay as an interim solution.
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Post by ratehopper on Nov 18, 2016 15:25:06 GMT
Steve
Is there an update on when interest only automation will feature on your platform?
Many thanks
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Post by stevefindlay on Nov 18, 2016 18:35:41 GMT
It is up to #2 on the client-facing development list. This list contains major improvements which generally take 2-4 weeks each to develop, test and release.
We currently alternate between client-facing and back-office developments.
So...what does that mean...we should start coding it before the end of the year, and aim to release in January.
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Post by ratehopper on Nov 19, 2016 8:43:44 GMT
Thank you Steve.
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Post by ratehopper on Jan 11, 2017 15:32:52 GMT
Steve, are you on track to implement this improvement in January?
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Post by stevefindlay on Jan 11, 2017 21:28:55 GMT
Steve, are you on track to implement this improvement in January? We really hope so - there are quite a few 'corner cases' to resolve. But it's under development...
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Post by ratehopper on Mar 9, 2017 14:22:36 GMT
Steve, any update on this?
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Post by stevefindlay on Mar 9, 2017 21:02:36 GMT
Yes! It been coded, being tested and just testing the user option interface.
I'm hoping for release next week, but realistically the following week...
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oldtimer
Member of DD Central
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Post by oldtimer on Mar 31, 2017 16:52:33 GMT
Yes! It been coded, being tested and just testing the user option interface. I'm hoping for release next week, but realistically the following week... Steve, any news on this being released yet?
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Post by stevefindlay on Mar 31, 2017 20:46:45 GMT
Yes! It been coded, being tested and just testing the user option interface. I'm hoping for release next week, but realistically the following week... Steve, any news on this being released yet? Yes. I'm really disappointed that it's not ready for this month. Please accept my apologies. It should be ready in April (although our lead tester has two weeks holiday booked in April) so I'll have to provide an update in a week or so.
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oldtimer
Member of DD Central
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Post by oldtimer on Apr 27, 2017 10:18:43 GMT
Steve, any news on this being released yet? Yes. I'm really disappointed that it's not ready for this month. Please accept my apologies. It should be ready in April (although our lead tester has two weeks holiday booked in April) so I'll have to provide an update in a week or so. Any update on this please Steve?
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Post by stevefindlay on May 30, 2017 19:49:32 GMT
This option is now live for all. Select 'Monthly interest withdrawal' in your investment settings.
Many thanks for your perseverance on this.
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