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Post by lendinglawyer on Apr 23, 2017 13:10:46 GMT
SteveT would you see that as a bad or good thing? I think you're right but I think it would be positive as the queue would still churn at the same speed for those who wanted to sell (if you assume consistent demand and that active people didn't inadvertently sell stuff they wanted to keep) and no one would "lose" during the list period. Another thing you could do is make a listing irrevocable to prevent gaming and ensure the queue is only used by those who genuinely wish to sell. But as most on here are probably active I doubt that will be popular.
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SteveT
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Post by SteveT on Apr 23, 2017 13:17:02 GMT
Demand here is the complete opposite of "consistent" (feast vs famine) so active lenders would be at a major advantage whenever several new pipeline loans appeared and demand for SM loans nosedived.
Removing the option to cancel SM listings would certainly shorten queues but lead to so many complaints that I doubt it would seriously be considered.
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GeorgeT
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Post by GeorgeT on Apr 23, 2017 13:39:17 GMT
Having 2 levels of membership might help. 1. Standard Investor 2. VIP Investor How could it work? Standard Investor:- Free to join. No platform usage fee.
- All platform features available, much as per now.
VIP Investor:- £50 a month VIP membership fee.
- Loan parts put up for sale go to front of sales queue (but behind other VIP investors' parts).
- Enhanced pre-fund allocations. e.g. up to a maximum 75% of loan total is set aside for VIP investors, resulting in VIP investors getting bigger allocations than standard investors.
- Same day withdrawals.
- In event of loan defaults, VIP investors hold a priority charge over standard investors.
Assuming 2,000 accounts sign up for VIP status, that is 2,000 x £600 pa = £1.2 million per year for Ly. This would strengthen the platform's resilience. (If this plan is implemented I would respectfully request a £1,000 payment from Ly for using my idea  ). |
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Post by lendinglawyer on Apr 23, 2017 13:41:09 GMT
Demand here is the complete opposite of "consistent" (feast vs famine) so active lenders would be at a major advantage whenever several new pipeline loans appeared and demand for SM loans nosedived. Removing the option to cancel SM listings would certainly shorten queues but lead to so many complaints that I doubt it would seriously be considered. I think demand overall (PM + SM) is pretty consistent in that people want to keep X invested on the platform. The only skew really is how many new loans there have been from time to time as people try to flee old loans into new ones. That's why it's been so cyclical historically I think. And I still think that the forthcoming 2x repays into the relaunches and interest run will once again restore FFF mode. EDIT: GeorgeT I think the enhanced priority in default and seniority in sales queue would mean that the risk of being a standard investor would be madness.
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adrianc
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Post by adrianc on Apr 23, 2017 14:24:04 GMT
VIP Investor:- £50 a month VIP membership fee.
Yeh, I think you might have overpriced that a tad... But what if I want to shift PBLxyz immediately, but while I'm listing PBLabc, I'm happy if it takes longer to sell? I certainly don't want to totally wipe out the interest from £5k of 12% loans in order to do that...
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mary
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Post by mary on Apr 23, 2017 14:41:42 GMT
Having 2 levels of membership might help. 1. Standard Investor 2. VIP Investor How could it work? Standard Investor:- Free to join. No platform usage fee.
- All platform features available, much as per now.
VIP Investor:- £50 a month VIP membership fee.
- Loan parts put up for sale go to front of sales queue (but behind other VIP investors' parts).
- Enhanced pre-fund allocations. e.g. up to a maximum 75% of loan total is set aside for VIP investors, resulting in VIP investors getting bigger allocations than standard investors.
- Same day withdrawals.
- In event of loan defaults, VIP investors hold a priority charge over standard investors.
Assuming 2,000 accounts sign up for VIP status, that is 2,000 x £600 pa = £1.2 million per year for Ly. This would strengthen the platform's resilience. (If this plan is implemented I would respectfully request a £1,000 payment from Ly for using my idea ). The attraction of LfSS is the simplicity and zero fees. If you want to see the reaction to changing the fee structure head over to the Bondmason forum. IMHO any monthly fee/VIP option would see a swift exodus which would instantly kill the SM completely, which is another key attraction of the platform.
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). 
