PBL146 - A Hotel in Hartlepool - Repaid

Neither am I, but it does remind me of what happened when Zopa reduced the rates they offered to their investors.  A number reported being so upset that they paid Z's exit fee to get out of loans early.  I never could understand that because the rate changes only affected new loans.  If these investors were happy with their portfolio up to that point, why did they want to sell anything?  My reaction was to stop investing at Z, and starting to withdraw money from the platform as it was returned by borrowers.  That has continued for a number of years, and I'm nearly out completely now.

If SS fail to offer loans I want to invest in, I'll take the same approach here.  Unless, of course, my feeling about platform viability were to change.  But ISTM that if SS can continue to fund loans at lower rates, that should help their viability rather than diminish it.

Yes,that was a shock

Did anyone receive any notification about this from SS? I certainly didn't.    And there's no update in the loan itself.

If I hadn't been watching this forum, or checking on my account carefully, I wouldn't have known about it.

I think we can take this as evidence of the sincerity of savingstream 's recent commitment to better communications!

PS.  Cancel most of the above.  I've now received an email -- thank you, savingstream.  There's still no update on the loan itself, but perhaps that will come eventually, so that anyone who looks at this loan in the future will be able to know what happened.

So have I -- finally.

Thank you, savingstream

"We were experiencing delays with the resolving of an outstanding charge, hence the non-completion. The loan may be re-launched in future."