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Post by lendinglawyer on May 25, 2017 11:49:50 GMT
/off-topic hat on lendinglawyer as a classics' student I must commend your premia. /as you were Maybe you can settle a long running debate among me and my friends. The plural of bonus. Is it bonuses or bonii??
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elliotn
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Post by elliotn on May 25, 2017 12:02:22 GMT
/off-topic hat on lendinglawyer as a classics' student I must commend your premia. /as you were Maybe you can settle a long running debate among me and my friends. The plural of bonus. Is it bonuses or bonii?? By Jove, I could not look beyond boni. Edit - mods, feel free to move to Chatus. Edit - crossed with @novusiipiip
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Post by lendinglawyer on May 25, 2017 12:07:55 GMT
Maybe you can settle a long running debate among me and my friends. The plural of bonus. Is it bonuses or bonii?? Oh, that's easy.... it should be "my friends and I."  Actually not true I don't think as you is the subject of the sentence... We are getting really pedantic now though. Especially for this forum! And I could be wrong as language is actually not a strength of mine.
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IFISAcava
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Post by IFISAcava on May 25, 2017 12:56:50 GMT
Oh, that's easy.... it should be "my friends and I." Actually not true I don't think as you is the subject of the sentence... We are getting really pedantic now though. Especially for this forum! And I could be wrong as language is actually not a strength of mine. Amongst is followed by the accusative not the nominative (amongst us, not amongst we) so yes, it is me and my friends in this situation.
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Liz
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Post by Liz on May 25, 2017 15:21:30 GMT
I removed mine from the sales Q a bit back.....calculated the average sales over 3 days, and if it continued like that, it would be over 2 years to sell. Just decided to bite the bullet, get the interest and sit it out. No sign of that early redemption either..... And if they paid interest on unsold loans then the SM would have about 3X the amount it is now.
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Liz
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Post by Liz on May 25, 2017 15:25:34 GMT
or the 12%+ available on ABL too. 12+ available across several sites, so SS maynot see much of these "freed-up" fund.
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ablender
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Post by ablender on May 25, 2017 15:46:24 GMT
Total SM is now up to 3.2m this morning. Is this a new record? Dear Lendy, is there something that we ought to know? The £1.6m COL Bolton loan should be drawing down today which will free up £1.6m on MT. There is only £450k on MT so the remaining could clear the £600k on COL or come to L Apart from the Barrowford loans on Col which are now at 14%.
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gustapher
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Post by gustapher on May 25, 2017 15:49:19 GMT
This might be a good thing. If feels like a price war with platforms competing for funds.
A sellers market is possibly at a tipping point and turning into a buyers market. Maybe it will keep Lendy's rates a bit more honest going forward?
They must know that the constant wobbling of sentiment on forums like this is not a good thing. Trust in their platform is everything and their SM is their USP.
I'm not panicking or selling out as I think things will reverse in a few weeks but they must be watching as closely as we are. They have pushed their new strategy too far and need to change tack or risk implosion.
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jonah
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Post by jonah on May 25, 2017 19:58:07 GMT
Total SM is now up to 3.2m this morning. Is this a new record? No. 3.8m ish record this year, 4.8m ish record last year. Ignoring loans in DEF in both cases. Still, currently the 4th highest spike I think, so yes, it's a lot.
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elliotn
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Post by elliotn on May 25, 2017 23:51:04 GMT
No major midnight surprises after the daytime cement dump; tbc if anyone has a herculean dump.
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ped
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Post by ped on May 28, 2017 22:16:08 GMT
Do you think the "Get some friends to invest and we will give you a bonus" is the tactic Ly are going with, rather than pushing rates back up. I have a feeling Ly will see 50% of interest leave the platform this month. Anyone have any stats on how the SM moved after last month's interest run?
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r1200gs
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Post by r1200gs on May 28, 2017 23:02:31 GMT
Do you think the "Get some friends to invest and we will give you a bonus" is the tactic Ly are going with, rather than pushing rates back up. I have a feeling Ly will see 50% of interest leave the platform this month. Anyone have any stats on how the SM moved after last month's interest run? I won't use that feature for any platform, too much like selling a friend a car. You know what will happen when it all goes wrong. I too think Lendy are going to see a lot of the interest leave the platform this month, mine for sure.
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jonah
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Post by jonah on May 29, 2017 7:24:37 GMT
Total SM is now up to 3.2m this morning. Is this a new record? No. 3.8m ish record this year, 4.8m ish record last year. Ignoring loans in DEF in both cases. Still, currently the 4th highest spike I think, so yes, it's a lot. Still ignoring DEF, the SM spike is now at an annual high, a way behind the Brexit peak but still the second highest I've seen. A few new investors or interest or repayments would help...
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archie
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Post by archie on May 29, 2017 9:14:56 GMT
Whilst I like the variation in the SMs, if people are desperate to get out, is there now a role for discounts? I have seen posts where people have stated that they would pick up late/defaulted loans at a discount. The par SM has been popular/seen as a USP. However in an evolving marketplace, has it had its day? I dislike variable price SMs  Platform differences are good, everyone can choose whichever platforms suit them best.
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IFISAcava
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Post by IFISAcava on May 29, 2017 9:18:00 GMT
No. 3.8m ish record this year, 4.8m ish record last year. Ignoring loans in DEF in both cases. Still, currently the 4th highest spike I think, so yes, it's a lot. Still ignoring DEF, the SM spike is now at an annual high, a way behind the Brexit peak but still the second highest I've seen. A few new investors or interest or repayments would help... Now broken through the £4 million barrier, time for an assault on the the all time high?
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