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Post by dan1 on May 16, 2017 22:18:38 GMT
An offer of £10k at 99% just appeared on the 12% interest only loan. A BH having second thoughts on returning from the pub? Pun intended  |
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snowmobile
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Post by snowmobile on May 17, 2017 10:38:53 GMT
Quite a few BH seem keen to offload the 12% interest only one. Several large chunks of £10-£20k on offer, as low as 96%. Brings the effective AER to over 14% in line with the other loan.
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SteveT
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Post by SteveT on May 17, 2017 10:48:43 GMT
Quite a few BH seem keen to offload the 12% interest only one. Several large chunks of £10-£20k on offer, as low as 96%. Brings the effective AER to over 14% in line with the other loan. Seems crazy to discount this by 4%, but perhaps they're trying to scrape together the £100k needed to get 4% cashback over on Collateral 
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Post by ablrate on May 17, 2017 11:19:21 GMT
It is a change in circumstances, needed their money out. That is the beauty of the Ablrate secondary market....
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Post by dan1 on May 17, 2017 12:24:06 GMT
It is a change in circumstances, needed their money out. That is the beauty of the Ablrate secondary market.... ... and instant debit card transactions allow investors to seize the opportunities as opposed to the lottery of who has cash in their accounts.
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bg
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Post by bg on May 17, 2017 12:31:13 GMT
It is a change in circumstances, needed their money out. That is the beauty of the Ablrate secondary market.... ... and instant debit card transactions allow investors to seize the opportunities as opposed to the lottery of who has cash in their accounts. Except I have put a bid in at the level it's offered (97.5%) and it's not matching...
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SteveT
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Post by SteveT on May 17, 2017 12:32:49 GMT
... and instant debit card transactions allow investors to seize the opportunities as opposed to the lottery of who has cash in their accounts. Except I have put a bid in at the level it's offered (97.5%) and it's not matching... You need to accept the offer (via "Amount to Buy"), not place a bid. Both bids and offers must be accepted and confirmed manually.
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Post by dan1 on May 17, 2017 12:34:45 GMT
... and instant debit card transactions allow investors to seize the opportunities as opposed to the lottery of who has cash in their accounts. Except I have put a bid in at the level it's offered (97.5%) and it's not matching... No automatic matching at present (once in a blue moon you may be lucky enough to spot an arb opportunity) but I remember reading that it was on the ABL to-do list. Why not cancel the bid and buy your £1.5k now? Edit: crossed with SteveT. I see the bid has gone!
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bg
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Post by bg on May 17, 2017 12:36:54 GMT
Thanks guys, I have done that. It really is a terribly designed website. I don't just mean this, I mean the whole layout. Nothing fits together well and I even struggle to find a decent summary of each loan without having to wade through a load of  . A redesign would dramatically increase their investor base I would say. |
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blender
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Post by blender on May 17, 2017 12:55:09 GMT
Thanks guys, I have done that. It really is a terribly designed website. I don't just mean this, I mean the whole layout. Nothing fits together well and I even struggle to find a decent summary of each loan without having to wade through a load of . A redesign would dramatically increase their investor base I would say. That's rather harsh BG. It is greatly improved. It does take a while to learn your way round it, but when you do it's very comprehensive and flexible. I like it, but I like detail and control.
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elliotn
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Post by elliotn on May 17, 2017 13:36:36 GMT
That is the beauty of the Ablrate secondary market.... Except when you try to reconcile to cash, another day wasted today having to reconcile every single transaction and email. And my difference increased.
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Post by ablrate on May 17, 2017 16:21:32 GMT
email us and let us know what you bare looking to achieve. We are slowly working through changing how things are described in the comments and making it much easier to extract data on SM trades (to the extent that it will probably be a button you press to do that.)
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macq
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Post by macq on May 17, 2017 17:33:40 GMT
not sure you want people bare looking in an email |
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bg
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Post by bg on May 17, 2017 17:38:04 GMT
email us and let us know what you bare looking to achieve. We are slowly working through changing how things are described in the comments and making it much easier to extract data on SM trades (to the extent that it will probably be a button you press to do that.) I did a few months back
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bg
Member of DD Central
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Post by bg on May 17, 2017 17:40:38 GMT
Thanks guys, I have done that. It really is a terribly designed website. I don't just mean this, I mean the whole layout. Nothing fits together well and I even struggle to find a decent summary of each loan without having to wade through a load of . A redesign would dramatically increase their investor base I would say. That's rather harsh BG. It is greatly improved. It does take a while to learn your way round it, but when you do it's very comprehensive and flexible. I like it, but I like detail and control. I disagree. I currently use 9 platforms and have a substantial 7 figure sum invested. I don't know how you can say its improved because I can't notice any changes. I like detail but a simple summary when you are managing hundreds of loans would not be amiss. The layout of the SM could be improved significantly.
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