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 25, 2014 19:00:53 GMT
With our bidding system we have different priorities of bids, with underwriters sitting at the bottom of the pile and normal user bids sitting in the middle. So no matter when the bid is made underwriter bids will be knocked out before any other bid. So what's above normal bids, does the site still do high priority bids? Thanks for asking that Ton ⓉⓞⓃ - the exact same question occurred to me but I just didn't have time to ask it at the time, and then I forgot 
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bigfoot12
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Post by bigfoot12 on Jun 25, 2014 19:11:27 GMT
chris The home page advertises the most recent loan which is currently this loan. My guess is that you'd prefer it to be a different one. It might be worth tweaking the sort criteria.
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bg
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Post by bg on Aug 11, 2014 10:56:36 GMT
This one is going live tomorrow morning with drawdown within 10 days to 3 weeks.
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oldgrumpy
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Post by oldgrumpy on Aug 11, 2014 11:23:25 GMT
I'll have a bit of that, but with a certain solicitor's record for getting paperwork done in reasonable time, and the size of the loan, I think it's definitely an "no bid - wait for the AM" situation ..... mid September???  |
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Post by davidricketts1 on Aug 11, 2014 12:53:24 GMT
Has the loan amount increased? I thought it was 825k, now seems to be £950k. Doesn't that increase the LTV by a good 9% or so. Oddly the yield seems unchanged ... Hello samford71
Loan amount has increased but there is also additional security (under the security screen with further detail in the updated credit report when I get it uploaded) meaning LTV remains the same.
Hope that clarifies.
David
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Post by Ton ⓉⓞⓃ on Aug 11, 2014 15:56:35 GMT
I'll have a bit of that, but with a certain solicitor's record for getting paperwork done in reasonable time, and the size of the loan, I think it's definitely an "no bid - wait for the AM" situation ..... mid September??? Tempted to agree, but this was an April Cashback loan. Just to remind anyone who still has the will to live, that puts me into two minds...
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Aug 11, 2014 21:54:19 GMT
Quick queries
In the loan update of 16/6 when the auction reverted to preview it said -
'By reverting the auction to preview stage your bid will become a shadow bid. Should you leave your shadow bid in place we will contact you for it to be settled once the legal process has completed and we have certainty around the drawdown date.'
I assume that this just means people with shadow accounts and not everyone.
Also I assume that the 3% interest earnt for the 4 weeks prior to revision to preview will still be paid and will be paid to original lenders even if they do not participate in the new auction
thanks
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Post by batchoy on Aug 11, 2014 22:27:54 GMT
Quick queries In the loan update of 16/6 when the auction reverted to preview it said - 'By reverting the auction to preview stage your bid will become a shadow bid. Should you leave your shadow bid in place we will contact you for it to be settled once the legal process has completed and we have certainty around the drawdown date.' I assume that this just means people with shadow accounts and not everyone. Also I assume that the 3% interest earnt for the 4 weeks prior to revision to preview will still be paid and will be paid to original lenders even if they do not participate in the new auction thanks I think the conclusion was reached that this was an error in the use of AC terminology and it should read 'pre-bid' rather than 'shadow bid' as you can't retract a shadow bid but you can retract a pre-bid.
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Post by Ton ⓉⓞⓃ on Aug 11, 2014 22:33:08 GMT
Quick queries In the loan update of 16/6 when the auction reverted to preview it said - 'By reverting the auction to preview stage your bid will become a shadow bid. Should you leave your shadow bid in place we will contact you for it to be settled once the legal process has completed and we have certainty around the drawdown date.' I assume that this just means people with shadow accounts and not everyone. Also I assume that the 3% interest earnt for the 4 weeks prior to revision to preview will still be paid and will be paid to original lenders even if they do not participate in the new auction thanks They're all good queries, it was noticed at the time about shadow/pre-bids,so if you go back in this thread hopefully it might explain. From memory everyone thought AC got confused by their systems. As for the 3% perhaps chris or davidricketts1 can answer.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Aug 11, 2014 22:45:52 GMT
Youre right Ton ⓉⓞⓃ/ batchoy, 2nd page of the thread. Thanks Shame, now I have to make a decision on leaving pre(bid) or waiting for AM. April CB to factor in as well. |
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Post by chris on Aug 12, 2014 5:54:34 GMT
Bids will revert to pre-bids and then be handled as any other - so if you have a shadow account with capacity then shadow bids will be placed, otherwise a normal bid will be placed as your current balance allows. The confusion before was due to underwriting bids also erroneously reverting to pre-bids, that shouldn't happen now.
Dave will have to answer the rates question.
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j
Member of DD Central
Penguins are very misunderstood!
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Post by j on Aug 12, 2014 7:45:04 GMT
I'll have a bit of that, but with a certain solicitor's record for getting paperwork done in reasonable time, and the size of the loan, I think it's definitely an "no bid - wait for the AM" situation ..... mid September??? similar sentiment here
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Post by davidricketts1 on Aug 13, 2014 10:53:02 GMT
Quick queries In the loan update of 16/6 when the auction reverted to preview it said - 'By reverting the auction to preview stage your bid will become a shadow bid. Should you leave your shadow bid in place we will contact you for it to be settled once the legal process has completed and we have certainty around the drawdown date.' I assume that this just means people with shadow accounts and not everyone. Also I assume that the 3% interest earnt for the 4 weeks prior to revision to preview will still be paid and will be paid to original lenders even if they do not participate in the new auction thanks They're all good queries, it was noticed at the time about shadow/pre-bids,so if you go back in this thread hopefully it might explain. From memory everyone thought AC got confused by their systems. As for the 3% perhaps chris or davidricketts1 can answer. I can indeed. History checked and given somebody was organised (probably not me....) and retained a list of original bidders then the 3% will be paid (covering a 4 week period) to them after drawdown.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Aug 13, 2014 11:36:17 GMT
They'all good queries, it was noticed at the time about shadow/pre-bids,so if you go back in this thread hopefully it might explain. From memory everyone thought AC got confused by their systems. As for the 3% perhaps chris or davidricketts1 can answer. I can indeed. History checked and given somebody was organised (probably not me....) and retained a list of original bidders then the 3% will be paid (covering a 4 week period) to them after drawdown.
Thanks. Clearly the very model of administrative efficiency! Hopefully the lawyers will prove equally so and we can finally get this one away  Cheers Ton ⓉⓞⓃ for giving the query a push while I was snoozing yesterday 
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j
Member of DD Central
Penguins are very misunderstood!
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Post by j on Aug 14, 2014 10:41:14 GMT
My only issue with this one is that interest is paid at term end rather than monthly, which can have a noticeable effect on cashflow. Not even sure now if I'll be tempted on AM.Shame, everything else about it is decent
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