Blink and you won't miss it

I stand corrected, but I was fairly convinced there's been a partial-repaying fixed-rate loan without cashback, maybe I dreamt it.

It will be interesting to see how this one goes because the deal, A at 8.5% over 36 months, is so much worse than 7248 just closed A at 9% over 18 months with 2% cashback. It is not interest-only, but not far off that. The main difference is the size of the total funding requirement, with this latest a one-off at £256k. I imagine that FC are hoping to get this straight to term-holders without the help of their unofficial lender-underwriters, and are judging that 8.5% is the rate to do it, even at this large amount. I guess the rate might be 7.5% at A+. It is filling well, over 100K. The last 50k will be harder.
It will be interesting to see how many flippers do not notice the lack of cashback, when even FC listed it with 2% in error at first and had to withdraw.
I wonder if FC would like to fix the interest rate more generally (as sort-of-done with whole loans) rather than have the continual yo-yo from imbalances of supply and demand.

Later addition: Blink and you will miss 7419. This is a second tranche and small but offered without cashback, while the first tranche was with 2%. So clearly do not count on cashback on all these property loans, and look very carefully before you bid. I am not sure that one major purchaser of £20 and £40 parts in this has noticed, though might be attracted by the 8 months. Personally 7349, looks worth the wait to fill.

6514 (complete with what now looks like a rather generous 2% cashback offer) was a similar size to 7419 and also only scheduled for a 7 day auction.

I guess that the absence of cashback on some loans is in part a test of lender appetite ('how low will they go?') - we should probably not expect FC to telegraph everything with the same vigour as when it really needs to attract incremental funds/encourage a last few larger loans to fill over others more likely to be funded anyway.

7421 tranche 2 just listed, A, 550k, 9%, 18m. But with no cashback! This is very brave of FC - assuming that it is not an error. I am glad I bought the first tranche with 2% cashback - it is looking better already, and FC have presumably underwritten the rest (perhaps they want it).

Edit: and the cashback has been added after 10 mins or less. Situation normal, in all respects.

Somebody didn't program their bot quite right - 7419, H******te 2nd Tranche that went live sans cashback, has over 600 parts for re-sale with no markup 

Well it's one way to park your money outside a deposit a/c, but there are likely better options, even at FC. 8>.

7378 (Commercial Mortgage, @8.5%, 36 months, risk band A) has been pulled. I was watching its progress (interest only [sic! ], not participating), and until it was zeroed, it was looking like it would fill. Anybody know what 'reason' FC gave?