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 Jul 4, 2014 12:18:55 GMT
I'd be a bit miffed to have a chunk in limbo for the sake of pennies, so, I just donated 16p's worth of good will to the seller. I hope you're all suitably impressed with my generosity.  'Random Acts of Kindness' are supposed to be good for the soul  .
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
Posts: 1,370
Likes: 857
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Post by ramblin rose on Jul 7, 2014 18:54:16 GMT
Wow! I'm glad I took the opportunity to sell on a small part of my PBL 005 holding earlier this afternoon - only wish I'd put a bit more of it up too. Underwriter offloading all in one go.....................and that's going to take some time I'd guess, so not much chance for the rest of us who might want to sell  |
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Post by savingstream on Jul 7, 2014 19:26:34 GMT
We can confirm that investor loan parts up for sale take priority, and are sold prior to the underwriter's availability.
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
Posts: 1,370
Likes: 857
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Post by ramblin rose on Jul 7, 2014 21:05:08 GMT
We can confirm that investor loan parts up for sale take priority, and are sold prior to the underwriter's availability. Phew! Good news - thank you for that re-assurance.
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Post by mrclondon on Jul 7, 2014 22:16:22 GMT
We can confirm that investor loan parts up for sale take priority, and are sold prior to the underwriter's availability. Reassuring to know, thanks. Just one slight concern though - given interest stops accruing when a loan part is listed for sale, it would useful to know how long the queue of investor loan parts is in a given loan before committing to a sale.
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kermie
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Post by kermie on Jul 10, 2014 17:22:30 GMT
SM currently has:
PBL005 - ~£977k, slowly going down
PBL004 - ~27k
PBL001 - ~1k
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mikes1531
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Post by mikes1531 on Jul 10, 2014 22:17:34 GMT
Just one slight concern though - given interest stops accruing when a loan part is listed for sale, it would useful to know how long the queue of investor loan parts is in a given loan before committing to a sale. Yes, that would be useful. Without that, I can see an advantage in putting only a small bit of a loan up for sale first to test the water, and then offering further bits only after the first bit(s) sell. Requires a bit more effort, though, and might not work if you need to raise a large sum.
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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 Jul 11, 2014 10:31:01 GMT
..............................................and might not work if you need to raise a large sum. Knowing how much investor money was on the SM for each loan would clearly be tremendously useful, and I would definitely welcome such an enhancement. I only commit money to these loans that I am happy to leave there to term if necessary, even with the existence of an SM. Really, there shouldn't be a 'need' to raise a large sum. After all, 6 months and 12 months are not such long timescales. But that view would mean there should be no need for a SM, and I think we've already seen clearly how having it brings more money into the platform than would probably otherwise arrive. (And although I'd be happy to leave all the money in the loans, I've probably been one of the most active sellers on the SM up to this point). There aren't enough active lenders or SM activity at the moment to have made this a huge problem to date, but going forward, the number of larger (and hence underwritten) loans is growing and the number of active lenders is certainly growing. Who knows - the length of loans might end up growing longer too? If the SM is to function properly, then I would think it would become vital to know how much is ahead of you to be sold.
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Investor
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Post by Investor on Jul 11, 2014 12:52:17 GMT
..............................................and might not work if you need to raise a large sum. Knowing how much investor money was on the SM for each loan would clearly be tremendously useful, and I would definitely welcome such an enhancement. I only commit money to these loans that I am happy to leave there to term if necessary, even with the existence of an SM. Really, there shouldn't be a 'need' to raise a large sum. After all, 6 months and 12 months are not such long timescales. But that view would mean there should be no need for a SM, and I think we've already seen clearly how having it brings more money into the platform than would probably otherwise arrive. (And although I'd be happy to leave all the money in the loans, I've probably been one of the most active sellers on the SM up to this point). There aren't enough active lenders or SM activity at the moment to have made this a huge problem to date, but going forward, the number of larger (and hence underwritten) loans is growing and the number of active lenders is certainly growing. Who knows - the length of loans might end up growing longer too? If the SM is to function properly, then I would think it would become vital to know how much is ahead of you to be sold. WARNING: This post is little more than a lame excuse to see if I, a semi-committed technophobe, could actually add an attachment. Following on from RR's perception of growing investor numbers on the platform, I thought it might be interesting to see how the growth rate actually looks. Given a linear growth rate and an acceptance of a minimal quantity of data points, the platform would appear to be looking to break the 1000 Investor barrier at 14:24 on 16th September this year (roughly). Obviously the number of loans coming through between now and that date will be a significant factor in achieving this target. And now for the moment of truth: 
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
Posts: 1,370
Likes: 857
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Post by ramblin rose on Jul 11, 2014 13:00:44 GMT
WARNING: This post is little more than a lame excuse to see if I, a semi-committed technophobe, could actually add an attachment. Following on from RR's perception of growing investor numbers on the platform, I thought it might be interesting to see how the growth rate actually looks. Given a linear growth rate and an acceptance of a minimal quantity of data points, the platform would appear to be looking to break the 1000 Investor barrier at 14:24 on 16th September this year (roughly). Obviously the number of loans coming through between now and that date will be a significant factor in achieving this target. And now for the moment of truth: You've just given me a fit of the giggles - a gift indeed 
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smee
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Post by smee on Jul 25, 2014 11:48:48 GMT
In case anyone's interested, I'll be selling a few boaty loans (9 I think) which I'm planning to spread out between 1 and 2 today. It's difficult for me to say when exactly but I'm aiming for that time span.
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Investor
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Post by Investor on Jul 25, 2014 11:56:54 GMT
roughly how much?
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smee
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Post by smee on Jul 25, 2014 12:00:25 GMT
Around £4700 quick calculation
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Investor
Member of DD Central
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Post by Investor on Jul 25, 2014 12:03:28 GMT
do let us know when your loading it up
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smee
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Post by smee on Jul 25, 2014 12:12:50 GMT
Ok then, I'll put them all up now
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