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Post by yorkshireman on Jul 16, 2014 8:23:57 GMT
Has anyone ever tried to list a loan with a very small mark down? As an experiment, I tried selling a unit with a 0.1% discount. The confirmation screen said the unit sale price would be £99.90, as I expected. I confirmed the sale, and the system reported that my unit had been listed for sale. When I looked at the end of the list of units for sale for that loan -- which AIUI is where a newly offered unit would end up -- all the units were priced at £100. What am I doing wrong? I think that I’m correct in saying that you cannot see your own units for sale, the only way to check would be to sign into someone else’s account. That’s the way it appears to work on Funding Circle and I’m assuming that AC is the same.
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Post by Ton ⓉⓞⓃ on Jul 16, 2014 8:38:37 GMT
Has anyone ever tried to list a loan with a very small mark down? As an experiment, I tried selling a unit with a 0.1% discount. The confirmation screen said the unit sale price would be £99.90, as I expected. I confirmed the sale, and the system reported that my unit had been listed for sale. When I looked at the end of the list of units for sale for that loan -- which AIUI is where a newly offered unit would end up -- all the units were priced at £100. What am I doing wrong? I've just gone thru' the routine myself with some Lothian W.T. and it seems to be listing it okay (it's last in the Q), I used the same discount as you. It's just possible that someone else listed at the same time as you so yours was no longer at the back of the queue, perhaps try again? IN EDIT Perhaps try refreshing the screen 'f5' and then look for it.
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Post by Ton ⓉⓞⓃ on Jul 16, 2014 8:46:49 GMT
Has anyone ever tried to list a loan with a very small mark down? As an experiment, I tried selling a unit with a 0.1% discount. The confirmation screen said the unit sale price would be £99.90, as I expected. I confirmed the sale, and the system reported that my unit had been listed for sale. When I looked at the end of the list of units for sale for that loan -- which AIUI is where a newly offered unit would end up -- all the units were priced at £100. What am I doing wrong? I think that I’m correct in saying that you cannot see your own units for sale, the only way to check would be to sign into someone else’s account. That’s the way it appears to work on Funding Circle and I’m assuming that AC is the same. You normally can see your own units on AC, but it's hard to find them as there are no names. But as units newly for sale go to the back of the queue (it isn't really a queue) that's where you can find yourself. That sounds like some deeply philosophical idea, "You can find yourself at the back of the Q"
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smee
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Post by smee on Jul 16, 2014 9:02:28 GMT
Has anyone ever tried to list a loan with a very small mark down? As an experiment, I tried selling a unit with a 0.1% discount. The confirmation screen said the unit sale price would be £99.90, as I expected. I confirmed the sale, and the system reported that my unit had been listed for sale. When I looked at the end of the list of units for sale for that loan -- which AIUI is where a newly offered unit would end up -- all the units were priced at £100. What am I doing wrong? There may be another explanation. I hastily bought 2 units of L**** yesterday (the only two). I couldn't understand why I was only charged £99.99 for one unit. I decided quite quickly that I didn't want them and put them up for sale. They sold and made me a 1p profit. It was only when I read your post I realised that one of the units must have been marked down. If that was you, 'thanks'. If not, then something similar could have happened with yours, with someone relisting them straight away.
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mikes1531
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Post by mikes1531 on Jul 16, 2014 10:10:16 GMT
Has anyone ever tried to list a loan with a very small mark down? As an experiment, I tried selling a unit with a 0.1% discount. The confirmation screen said the unit sale price would be £99.90, as I expected. I confirmed the sale, and the system reported that my unit had been listed for sale. When I looked at the end of the list of units for sale for that loan -- which AIUI is where a newly offered unit would end up -- all the units were priced at £100. What am I doing wrong? I think that I’m correct in saying that you cannot see your own units for sale, the only way to check would be to sign into someone else’s account. That’s the way it appears to work on Funding Circle and I’m assuming that AC is the same. I don't think that's how it works at AC, because I've successfully bought back some of my own units in the past -- when I changed my mind about selling and AI wasn't working for me because I had too many pre-bids. PS. Apologies for this unnecessary post -- I hadn't realised that this thread had grown beyond one page.
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mikes1531
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Post by mikes1531 on Jul 16, 2014 10:19:36 GMT
Has anyone ever tried to list a loan with a very small mark down? As an experiment, I tried selling a unit with a 0.1% discount. The confirmation screen said the unit sale price would be £99.90, as I expected. I confirmed the sale, and the system reported that my unit had been listed for sale. When I looked at the end of the list of units for sale for that loan -- which AIUI is where a newly offered unit would end up -- all the units were priced at £100. What am I doing wrong? There may be another explanation. I hastily bought 2 units of L**** yesterday (the only two). I couldn't understand why I was only charged £99.99 for one unit. I decided quite quickly that I didn't want them and put them up for sale. They sold and made me a 1p profit. It was only when I read your post I realised that one of the units must have been marked down. If that was you, 'thanks'. If not, then something similar could have happened with yours, with someone relisting them straight away. I had wondered whether my discounted unit might have sold quickly, but decided it hadn't because there was no change in my account balance and no new activity on my statement. I also can't claim credit for being smee's benefactor because I was experimenting with parts of a different loan. I think I'll go try again.
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mikes1531
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Post by mikes1531 on Jul 16, 2014 10:37:39 GMT
There may be another explanation. I hastily bought 2 units of L**** yesterday (the only two). I couldn't understand why I was only charged £99.99 for one unit. I decided quite quickly that I didn't want them and put them up for sale. They sold and made me a 1p profit. It was only when I read your post I realised that one of the units must have been marked down. If that was you, 'thanks'. If not, then something similar could have happened with yours, with someone relisting them straight away. I had wondered whether my discounted unit might have sold quickly, but decided it hadn't because there was no change in my account balance and no new activity on my statement. I also can't claim credit for being smee's benefactor because I was experimenting with parts of a different loan. I think I'll go try again. OK. I've now tried again, with a part from a different loan. As before, I was told the sale price of my unit would be £99.99, but when I clicked the button to confirm the sale I received the following messages... So I tried again. This time I got... ... and when I went to the end of the list of units for sale in that loan, I found my discounted unit. So all is well, now. I wonder if chris has been tinkering with the system in response to this thread?
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Post by pepperpot on Jul 16, 2014 12:10:07 GMT
By eck, it's a cut throat business this selling malarkey. It's been my secret ploy! I've sold about 10k (total) in the 3 large bridges over the last 3 weeks, works fine for me. A drop of 3 days worth of interest to make sure any sales come your way isn't too expensive IMO. I'll have to move to 0.2 now  (not for the 3 bridges mind, I'm down to what I want) - Ton ⓉⓞⓃ, you'll have to do better than 0.1 if you actually want a sale, there's a whole host of parts up for -0.5 discount in North Loth**n, and now wish I had waited to pick up my portion.
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mikes1531
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Post by mikes1531 on Jul 16, 2014 15:23:51 GMT
- Ton ⓉⓞⓃ, you'll have to do better than 0.1 if you actually want a sale, there's a whole host of parts up for -0.5 discount in North Loth**n, and now wish I had waited to pick up my portion. Finding these bargains is harder than it should be. If I tell the system I'd like to buy £99.99 of North Loth**n, it offers me a unit of £96 capital for £96.00 (i.e. no discount). But if I tell the system I'd like to buy £100.00 of North Loth**n, it offers me a unit of £100 capital for £99.50 (i.e. discounted). The system isn't acting consistently for me... Asking for £99.99 of another loan yesterday, I was offered a £100 unit discounted to £99.98. Today, that loan is acting like North Loth**n. Maybe chris has been tweaking the system? I also jumped in and bought my North Loth**n units too soon. 
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Post by chris on Jul 16, 2014 15:29:40 GMT
No changes from me, only just picking up on this thread. If people are still having issues then let me know and I'll pass it on to our front end developers.
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mikes1531
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Post by mikes1531 on Jul 16, 2014 15:48:50 GMT
No changes from me, only just picking up on this thread. If people are still having issues then let me know and I'll pass it on to our front end developers. OK, chris, I'll start... 1) The behaviour described above. If I ask to buy £99.99, shouldn't I be offered the £100 unit being sold for £99.50? 2) If I go to the 'Units for sale' tab of a loan with lots of availability and tick ten boxes, I get ten units highlighted, but nearly all of the time the words above the 'Review your purchase' button are inconsistent with that. I've just tried this with Epp*** and the words say "8 units selected totalling £800.00". Then I click the Review button and most often see something inconsistent with both of those. Trying it right now at Epp*** the 'Confirm Purchase page says "0 units selected for purchase totalling £0.00". I've learned to work around this behaviour, but it has to be offputting to other users -- if the problem isn't unique to me. On the other hand, if this is one of the parts of the system that will be changed when the new version is released, then it might not be worth any time fixing.
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Post by chris on Jul 16, 2014 15:53:53 GMT
No changes from me, only just picking up on this thread. If people are still having issues then let me know and I'll pass it on to our front end developers. OK, chris, I'll start... 1) The behaviour described above. If I ask to buy £99.99, shouldn't I be offered the £100 unit being sold for £99.50? 2) If I go to the 'Units for sale' tab of a loan with lots of availability and tick ten boxes, I get ten units highlighted, but nearly all of the time the words above the 'Review your purchase' button are inconsistent with that. I've just tried this with Epp*** and the words say "8 units selected totalling £800.00". Then I click the Review button and most often see something inconsistent with both of those. Trying it right now at Epp*** the 'Confirm Purchase page says "0 units selected for purchase totalling £0.00". I've learned to work around this behaviour, but it has to be offputting to other users -- if the problem isn't unique to me. On the other hand, if this is one of the parts of the system that will be changed when the new version is released, then it might not be worth any time fixing. 1) All the automated / bulk buying options prioritise based on percentage discount first so this should happen, and indeed my experience has been that it works as expected. Could you give a specific example where it isn't working? 2) I've passed this on to the front end dev team. Yes this will all change with the new system.
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mikes1531
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Post by mikes1531 on Jul 16, 2014 16:07:36 GMT
1) All the automated / bulk buying options prioritise based on percentage discount first so this should happen, and indeed my experience has been that it works as expected. Could you give a specific example where it isn't working? 2) I've passed this on to the front end dev team. Yes this will all change with the new system. . OK, I've just tried again. I told the system I'd like to buy £99.99 of North Loth**n, and it offered me nothing. But if I tell the system I'd like to buy £100.00 of North Loth**n, it offers me a unit of £100 capital for £99.50 (i.e. discounted). If that's the way it's supposed to work, then it's just my expectations that are wrong. I'm using Firefox 30.0 under Windows 7 Pro. Thanks for passing the other issue to the dev team. I can't wait to see the new system. Did it receive a positive response from those who previewed it on Monday?
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Post by chris on Jul 16, 2014 16:13:30 GMT
1) All the automated / bulk buying options prioritise based on percentage discount first so this should happen, and indeed my experience has been that it works as expected. Could you give a specific example where it isn't working? 2) I've passed this on to the front end dev team. Yes this will all change with the new system. . OK, I've just tried again. I told the system I'd like to buy £99.99 of North Loth**n, and it offered me nothing. But if I tell the system I'd like to buy £100.00 of North Loth**n, it offers me a unit of £100 capital for £99.50 (i.e. discounted). If that's the way it's supposed to work, then it's just my expectations that are wrong. I'm using Firefox 30.0 under Windows 7 Pro. Thanks for passing the other issue to the dev team. I can't wait to see the new system. Did it receive a positive response from those who previewed it on Monday? Yeah I think the overall response was very positive. There's a few points we need to address but they're mostly related to the wider direction being taken by the rather than the technology. Still lots of polish to apply though with a never ending to do list! I think I know why the system might get confused in the scenario you've described. It's correctly prioritising in order of largest discount first but may be driving the target amount off the principal remaining rather than the discounted principal. I'll double check tomorrow with the front end team.
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Post by geoffrey on Jul 24, 2014 15:17:43 GMT
I'm a confused newbie trying to buy loan units, and trying to find which are discounted. On some loans I enter £100 as purchase price and I get a loan of a lower value being selected, e.g. £98.70. But then if I lower the price further, and say I want to buy £97, it selects a unit for £96.44 (for example). Yet when I look at the unit loans selected in each case, I'm told that the capital outstanding is £98.70 or £96.44, not £100. What am I buying here? £100 for a discount, or a loan part with some of the capital already repaid? And if some of the capital is repaid on some parts, why are there still units for sale at £100 with seemingly no capital repaid (or are these marked up)? Also, the only column relating to discount seems to be the "markup" column, and it doesn't seem to be possible to sort by this column. On a truly discounted loan, would the "markup" show a negative figure? Sorry if this is very basic, but it is confusing, and there are no instructions on the unit purchase page. Any enlightenment gratefully received. (NB, I'm not a P2P or P2B newbie -- I've used ZP, RS, FC and others.)
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(not for the 3 bridges mind, I'm down to what I want)
