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Post by GSV3MIaC on Aug 30, 2014 21:06:07 GMT
I see the emails are out advertising the 2% cash back loans 'closing soon' .. Iffin they get fully funded that is. 8>.
I' m sure something will transpire...
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markr
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Post by markr on Sept 1, 2014 8:31:57 GMT
I see the emails are out advertising the 2% cash back loans 'closing soon' .. Iffin they get fully funded that is. 8>. I' m sure something will transpire... I haven't had the emails, so just to clarify this is the current crop of property loans that is closing, not the cashback offer?
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Mike
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Post by Mike on Sept 1, 2014 8:59:47 GMT
I see the emails are out advertising the 2% cash back loans 'closing soon' .. Iffin they get fully funded that is. 8>. I' m sure something will transpire... I haven't had the emails, so just to clarify this is the current crop of property loans that is closing, not the cashback offer? I can't find the email either about 2% property either (although I didn't look very hard), but the refer a friend cash back is ending this month - maybe a mistake?
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Post by GSV3MIaC on Sept 1, 2014 12:18:33 GMT
The email basically said that there were two property loans closing soon with 2% cashback available, 'buy now while stocks last'. Nothing about the future of cashback in general. Quote:
"Don’t miss out on 2% cashback*!
There are 2 loans closing in the next few days which have 2% cashback* available on lending, so place your bids before it's too late!
Make a bid now
"
I'd assumed everyone got one, apparently not. Lucky me!!
I note that 7423 is still struggling to fill, with 2 hours to go, so some £40k of extra/imaginary bidders will be required.
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blender
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Post by blender on Sept 1, 2014 12:37:29 GMT
In no way are FC in a position to remove the 2% - they just want these loans filled.
The tall one rescued 7421. 7423 will be worth watching (I am not in this one) because it is a first tranche of a 2.6m loan which FC has underwritten if the first tranche fills. The deal is not so attractive, 7% over 20 months, and I wonder if FC will be so keen to help the first part over the line if the consequence may be that FC has to join the lenders on the rest.
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blender
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Post by blender on Sept 1, 2014 13:51:19 GMT
On 7423 with 35 mins or so to go, a lender known as F*nd*ng C*rcl* S*l*t**ns is placing a very large number of £20 bids with a possible intention to help it over the line. Now it cannot be our friendly platform operator, though I am surprised they do not put some control on permissible names. It must be someone either who is keen to place a very large number of 7% loan parts on the SM, or someone who is keen that the loan be funded at 7%. This will trigger the underwriting, if the line is reached.
Edit: and now with 18 mins to go and about 1200 bids at £20 (approx £25k) entered by said lender, the bidding has stopped at 98%, leaving others to finish it, presumably. We shall see. I have 'invested' £20.
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markr
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Post by markr on Sept 1, 2014 14:06:21 GMT
The email basically said that there were two property loans closing soon with 2% cashback available, 'buy now while stocks last'. Nothing about the future of cashback in general. Quote: Thanks for clearing that up, GSV3MIaC. I've had these emails before but didn't get that one (maybe because I already have bids in?) so just wanted to clarify.
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markr
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Post by markr on Sept 1, 2014 14:11:47 GMT
Will FC let 7423 fail for the sake of relative small change? Just £7000 to go now with less than 10 minutes left.
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blender
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Post by blender on Sept 1, 2014 14:17:34 GMT
That lender is now taking it over the line. FC has never bid on a loan before - it would be improper.
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baldpate
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Post by baldpate on Sept 1, 2014 14:25:15 GMT
To be pricise, the masked lender with the coincidental name bid just over £30K in the last hour.
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is
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Post by is on Sept 1, 2014 15:11:04 GMT
The 7423 auction is no longer visible (link sends you to Marketplace) - hiding the dirty deed?
Edit: My colleague who placed a small bid CAN see it still. Others do not, like me. Smells fishy!
Edit 2: Other auctions in my watchlist are still accessible, including failed ones. This one really is special!
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blender
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Post by blender on Sept 1, 2014 15:28:18 GMT
My £20 loan part is in My Bids, but not yet gone to pre-agreement. The word we seek is Billingsgate. Edit: now in pre-agreement. And now selling on the secondary fish market.  |
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wysiati
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Post by wysiati on Sept 1, 2014 16:32:33 GMT
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is
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Post by is on Sept 1, 2014 16:39:49 GMT
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Post by GSV3MIaC on Sept 1, 2014 17:24:48 GMT
Well that's slightly more transparent than the last one, but probably still grounds for all sorts of legal activity. 8>.
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