Saving Stream now an illiquid monster...

MT looking a bit like Ly's monstrous offspring at the mo.

How will we afford the new loan if no-one's buying, cool 50k on Col's monster loan too

You poor thing, all those opportunities you'll miss.

Excellent, will direct some funds towards MT. However, need to get some loans sold on the SM first .. ugh, you have >140k of PBL168 currently on SM, which has 40% LTV and 312 days left. Who's going to buy my puny loan if beasts like this are on the SM ... 

I count £390k of 200+ day 12% loans on the secondary market at the moment. While I suspect it won't last too long, it should be a bit of a wakeup call to those whose investing strategy is solely based on the term and rate of the loan without doing due diligence and being happy to stay in until it finishes. My concern with this strategy is that it encourages Lendy to make risky loans available because people are investing indiscriminately with the belief the can pass it off to someone else on the SM. At some point in the future when enough loans turn sour there reaches a tipping point and everyone tries to get out at once and the SM isn't just slow but rather grinds to a halt as little new money comes onto the platform.

Personally I have invested in only 1 of the last 6 of the 12% rate loans available on Lendy. I tend not to invest in the lower rate loans on here because I have so far been able to reach my p2p limit by investing at higher rates spread across platforms.

I for one would be happier for Lendy to produce a smaller loan flow if only good quality loans (low LTV with realistic valuations) were available to avoid a potential run on the platform. Unfortunately they have little incentive to do this in the short term since they make a profit on any loan that they can fill and it's the investors that take the potential losses. I think they have realised that an illiquid secondary market dents investor confidence because they've recently started sending out repayment emails to everyone even if you aren't in the loan. Hopefully they can improve the quality of the their pipeline and keep an eye on the long term future of the business.

I lost an infuriating month and a half of my life at the same time.

But by God I miss it now!

I agree. There has been a bit of a funds merry go round this week. Normality will start to resume on Friday/Saturday with the MT repayment which (as things stand) will not be able to be fully homed on MT. There will, in my opinion, be overspill onto the LY SM. This will reduce the availability pending next week's interest run which always eats away at the SM.

Panic not.  There is nothing to be concerned about unless you are holding duff loans.