pikestaff
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Post by pikestaff on Apr 25, 2014 8:19:01 GMT
As a proud new owner of a shadow account, I'm expecting to receive a settlement request for for C****** wind turbine very soon now, based on the latest drawdown update. However, I'm paranoid that I may not get it because it's rejected by my ISP's spam filter, or some other glitch.
Anyway, I thought I'd ask:
1. Has anybody got their request yet?
2. Could somebody post when they do?
3. Do folk agree it would be a good idea for somebody to post on this thread whenever a settlement request is made on any loan? There's no need for more than one post. As soon as one lender posts, we all know. It's belt and braces for those of us with shadow accounts, and also tells everybody that the loan should be on the aftermarket soon.
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oldgrumpy
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Post by oldgrumpy on Apr 25, 2014 8:44:19 GMT
samford71 reported this yesterday in the Drawdown dates thread: I just got request to settle my shadow bid for wind turbine
"Dear Lender,
We are progressing towards draw down on Auction 77.
We expect draw down to take place on the 21st April 2014.
Please take this email as a notification to settle your shadow-bid(s).
I've been asked to settle Northampton 81 ready for drawdown 30 April (we know what AC forecasts on drawdown are like, but better pay up!)
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mikes1531
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Post by mikes1531 on Apr 25, 2014 11:46:54 GMT
Do folk agree it would be a good idea for somebody to post on this thread whenever a settlement request is made on any loan? There's no need for more than one post. As soon as one lender posts, we all know. It's belt and braces for those of us with shadow accounts, and also tells everybody that the loan should be on the aftermarket soon. I certainly do. I'm looking forward to seeing some wind turbine parts in the AM soon. Must make sure my AutoInvest setting for that loan is appropriate and there's some cash available in my account so that AI actually can do something when the time comes.
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pikestaff
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Post by pikestaff on Apr 28, 2014 19:30:07 GMT
I've had a phone call today asking me to settle #84 K*** Bridging Loan. No email. I assume this means drawing down sooner than expected?
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Post by chielamangus on Apr 29, 2014 12:13:31 GMT
There may be no need for any action at all. If you have money in your holding account ready to nab some of those elusive AM parts via Autoinvest, it will be simply taken. You may miss out on those autoinvest parts, of course ....
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spockie
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Post by spockie on May 9, 2014 16:55:07 GMT
I take it there have been no requests for shadow bids to be paid on Y*******e, Ab or WSM?
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andy2001
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Post by andy2001 on May 9, 2014 16:58:25 GMT
I take it there have been no requests for shadow bids to be paid on Y*******e, Ab or WSM? Y*******e was requested weeks ago, Ab no. Don't know about WSM.
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oldgrumpy
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Post by oldgrumpy on May 9, 2014 20:38:26 GMT
I shall be away next week and wanted to check how much I should put in my account to cover "expected" drawdowns. Despite outstanding loan auctions going back as far as February, everything apart from the still live N. Lothian is "drawdown expected or possible" next week following multiple failed and extended date changes week after week. I'm not slamming in the whole lot just to find half of them still take another month!!!
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Post by mrclondon on May 12, 2014 19:31:29 GMT
Settlement requests for Burnley Wind were sent this afternoon, with drawdown expected by the end of the week. And thanks to everyone that snapped up my AM offerings  |
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Post by Ton ⓉⓞⓃ on May 16, 2014 17:24:48 GMT
The Shadow bid system is telling me to settle North Lothian Wind Turbine. IN EDIT Pikestaff has just said to ignore this shadow bid message. Thanks pikestaff! |
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pikestaff
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Post by pikestaff on May 16, 2014 17:31:58 GMT
I'm guessing you are new to shadow bids? So was I until very recently.
The system asks you to settle as soon as the auction closes. Ignore it. There is no need to settle until you get the email (or sometimes phone call) asking you to do so.
I would add (although I have made the same mistake myself) that shadow bidding on a big loan like North Lothian may not be the best use of your shadow bid capacity. There is sure to be plenty of this one available from underwriters on the aftermarket. Shadow bidding is ideal for the smaller loans which might otherwise be hard to get.
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Post by Ton ⓉⓞⓃ on May 16, 2014 22:37:13 GMT
Thanks for the advice, I was just wondering when you said that, "Why did I put so many shadow bids in when there's piles of u/wers supporting this?" Then I remembered I was playing with a new toy... and it was the last of the 'April' Cash-back loans.
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pikestaff
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Post by pikestaff on May 16, 2014 23:03:22 GMT
Yes, cash back makes it better - as long as draw down is reasonably quick!
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spockie
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Post by spockie on May 25, 2014 21:54:29 GMT
Many loans potentially drawing down this week. Any updates from Shadowland welcome during the week.
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Post by gonzo on Jun 19, 2014 12:21:22 GMT
Just got the emails to settle for Staffy and Scottish property loans - drawing down tomorrow.
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