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Post by badger on May 31, 2014 21:49:04 GMT
On my dashboard, all my loans have got an action button marked "SELL" except for H****n H**t Treatments which is marked "TRANSFER". Does anyone know what that means?
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Post by xordon on Jun 2, 2014 14:42:39 GMT
It allows you to bid on the new loan the borrower is asking for.
Your funds stay active in old loan until new one takes over when 100% filled.
If new loan fails to fill your first loan remains unchanged.
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Post by badger on Jun 2, 2014 15:43:02 GMT
Thanks Money and xordon
Yes you're right, it's now not showing against H****n H**t Treatments (did I imagine that?) but against G*A, and G*A have a new loan on the marketplace which will replace the old one. There's an explanation in the new loan of how to transfer.
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markr
Member of DD Central
Posts: 766 
Likes: 426
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Post by markr on Jun 3, 2014 13:24:02 GMT
not showing against H****n H**t Treatments (did I imagine that?) No, at one point yesterday I had it showing against 3 loans, including that one!
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Post by nickrebuildings on Jun 4, 2014 8:17:44 GMT
Hi All, We've added the explanation to our FAQs here: www.rebuildingsociety.com/faqs/lending/ It's really to help lenders transfer their existing bids quickly into the the new request, if they don't want to receive all their capital back when the new loan is drawn down. Nick |
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