Never miss a chance to show lack of respect!!!

I agree, a £250 limit for 10 minutes would have been appropriate. 

This has happened a few times before, I'm told it's "human error."!!!?  Simply should not happen after the first one, or maybe two, no excuses three plus. 

I think these ABP2Ps are going to get hoovered up by the Big Banks sometime soonish so it's a moot point whether their "service" will improve. If it doesn't need to?

Also interesting to watch and observe what happens with Late Loans and the quality & regularity of Updates you receive. And I'm not thinking FS only on this point.

I disagree with your analogy FS. There are so many loans that carry no restrictions. Very few do indeed. What investors are saying is that SMALL popular loans like Tipton should bear restrictions. It's not rocket science. Restrictions are not necessary for larger loans. By doing so, you satisfy both parties. This has been recommended on several occasions, which you have chosen to ignore. 

Those with the big bucks can put money into the big loans. FS, you are not balancing at all, you are upsetting customers, you should be fair, if you don't realize this, you doing yourselves a great damage. Though I like your model, and wish you all the success, or just because of this , I want to tell you - there will come a time, when all this will hit you back. People tend to remember. Now there's another loan coming up at 3pm with no restriction again. Whom are you pleasing now? Don't you think that fairness is worth more than pleasing someone with lots of money.

To be honest, when I saw the title of this thread I thought it a tad harsh. But having read the FS response I think its cutting them a lot of slack

Apologies if the earlier information wasn't clear.

As you say, for larger investors (say £10k+) they have the opportunity to invest in large loans, with bonuses - all well and good.

My comments were related to smaller / medium investors - say looking to invest £1,000-£5,000 at a time - some like to put one bid on an individual loan, rather than spreading it across multiple loans. If we put a limit on all smaller / lower LTV loans then these investors would have an issue.

At one stage we did limit almost all loans, when there was a shortage of available loans.  As the platform has expanded we have the opportunity to open up some loans, with some limited. 

Generally speaking we will continue to limit most small / low LTV loans - but occasionally we will remove the limit. In addition if a borrower comes to us requiring very urgent funding we may elect to remove or reduce the limit to ensure speedy funding and allow quick drawdown.

Hopefully we will be able to continue to increase the offerings, so that everyone has the opportunity to bid the way they want.


FundingSecure

You still don't get the point FS. There are sufficient loans without restrictions to enable smaller/medium sized investors to diversify. If you are overly concerned with these type of investors, why not have a bid limit of £1000 or so? You may equally increase bid limits if a quick drawdown is preferred. In brief, your reasoning is based on an indefensible premise.

The fundamental issue lies with barring lots of investors from participating in small popular loans. Of course, you could act accordingly or sabotage yourselves in the long run by ignoring good advice.