Normally a lot quicker. Some people might still think it's at 4pm
More likely they're short of funds as we've had rather larger loans recently.
There's maybe a lot of shiny stuff on the SM to divert the attention of new MT users who can currently get invested without concentrating funds all on a single new loan, including chunky bits from Tuesday's Liverpool loan. Others perhaps waiting for repayments and for all those SM sales to happen before re-investing.
Post by lendinglawyer on May 27, 2017 19:56:21 GMT
Slow take up is explained exclusively by the rapid pace of new loans. I'm at my max P2P allocation and all SMs are basically saturated making it difficult to sell to diversify. So I'm not in for any new loans right now.
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Yep. it's looking like a lenders' market right now, until/unless something (eg Bolton) repays, or one of the players launches an ISA which'd (at least in my case) spring some new money PDQ, without a rate war to drive it (assuming it was a nice sensible flexible ISA with reasonable/zero extra charges). Liquidity looks rather poor at both MT and L, although the L month end repayment chunk may help bit.
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The golden days of P2P lending are well behind us, in my opinion. I am now retired from active P2P investing and the undertaking of due diligence. Just awaiting resolution of 2 DEF loans in LY; 2 DEF loans in MT and my entire COL investment.
Well, I'm a Gooner, so it could be tipping it down right now and I'd have a big smile on my face .
Ive been tipping it down since 7.30 and considerable faster over the last 4 hrs. :-D
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PLEASE NOTE : All opinions and observations made on this forum are my own view and made in a personal capacity. I have no links to any platform nor am I a financial professional so nothing posted should be consider financial advice or promotion. I accept no responsibility or liability for the accuracy, content, completeness, legality, or reliability of the information contained in my posts.