£2M Property Bridging Loan 005 Feedback

That's what I get too. (1+[0.125*1.12] = 1.14)

Once again congratulations to SavingStream for discussing these options on the forum and finding (and coding) a very pragmatic and sensible solution to how to flexibly divide this loan. As per previous discussions could SS please note that some of us are now in the situation where in trying to avoid unnecessary 'leakage' from the ecosystem (SS profit) via the GoCardless payment method, we now sit and wait for a sizeable BACS transfer to hit our SS account in advance of the loan being fully funded. In this particular case, because of the size of the loan, it looks like this payment method will work, however for smaller loans I will in future be using GoCardless irrespective of any requests in the notes for maximum payments as I do not feel that my investment strategy should be affected by my (your) preferred payment methods.
As the notes suggest a maximum of 1k for GoCardless, could you confirm whether there is any financial logic in future of making multiple £900 payments via the system or whether the net effect of doing this is the same as a single large payment. Just trying to understand whether either way is beneficial to your bottom line.
I also hope this may increase the drive towards a debit card direct payment option to be added to the site so we can finally put this issue to bed, a simple calculation of your current GoCardless costs vs the cost of getting this work done may help show the value of the change.
My tuppence worth and fingers crossed that I don't miss out on this one

With 1 day to go for the offer, I'm tempted to put funds into the option paying interest in full immediately but am in two minds as to whether I want my funds tied up for a whole 12 months with no access to secondary market. Has anybody gone for that option? I suppose the perfect solution would be to go 50/50 with both options for a balanced approach but the money is still tied up in one auction rather than diversified.

Can savingstream advise if any more loans are in pipeline?

I've put a chunk in for the immediate interest and a smaller chunk in for the monthly payments.  Really all depends on whether you are likely to need the cash, and whether you want that amount of cash all due to pay up at the same time.

I have seen the boat loan at stage 2 OG but as you said nothing on prop 6 one!

And better still - for those who opted for the up front interest option, all the interest has been paid as well.

I sent them an email on the same topic a couple of weeks ago.  My suggestion was that they did like TC do, which is to have a deposit notification system, so you say to them to expect £nnn, the system automatically credits it so you can bid with it.
If you don't come up with the goods they cancel your bid out and give you a yellow card.

They said they'd think about it