spyrogyra
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Post by spyrogyra on Aug 1, 2017 11:57:36 GMT
From time to time FS have the nasty habit of announcing a loan "coming soon", without a predetermined exact time. These loans initially used to be small jewelry loans but lately these tend to be attractive property loans with very low LTV. So many investors who can't be glued to the screen all the time, miss out. I have raised the issue a few times through the online support but, of course, nothing happens. One day FS will be sorry for being arrogant and not showing enough respect to lenders. Massive withdrawals from Lendy are partially due to their arrogance. What do you think, FS, that you will never need the support and sympathy of the small lenders?
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ding
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Post by ding on Aug 1, 2017 12:07:15 GMT
Never noticed one without a date/time. Got some examples?
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spyrogyra
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Post by spyrogyra on Aug 1, 2017 12:41:31 GMT
Example from today - S******** House, Carlisle
Date/Time: Tuesday 1st August 2017 at Midday
Interest: 11%
Loan amount: £60,000 LTV: 22.64% Email sent 11.30
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ding
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Post by ding on Aug 1, 2017 12:46:53 GMT
It has a time. I think you meant to say FS doesn't always give much notice.
To be fair others do the same e.g. Unbolted which gives 0 notice.
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Post by brummiefred on Aug 1, 2017 12:51:19 GMT
Fully funded in short order with only 37 investors.
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oldgrumpy
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Post by oldgrumpy on Aug 1, 2017 12:57:49 GMT
Fully funded in short order with only 37 investors. Yeah! email 11:29 for 12:00 start and I got distracted and missed it ...  all gone in less than two minutes. 
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ianj
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Post by ianj on Aug 1, 2017 13:17:56 GMT
I wasn't distracted and still missed out.
Refreshed at about 12:00:01...not there. Refreshed again.....10% taken. Placed bid.....too late. All gone in around 15-20 secs, I reckon.
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bg
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Post by bg on Aug 1, 2017 13:21:07 GMT
Example from today - S******** House, Carlisle
Date/Time: Tuesday 1st August 2017 at Midday
Interest: 11%
Loan amount: £60,000 LTV: 22.64% Email sent 11.30 The time seems fairly predetermined and exact to me.
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tony
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Post by tony on Aug 1, 2017 13:27:00 GMT
I do not leave funds on account but transfer money in when a new loan is announced. However lately, although the funds have been received and are shown as "available" I have not been able to invest because the loan is fully funded as soon as it appears on "available loans" at the time it was announced to be launched. It appears that unsophisticated lenders such as myself will no longer be able to invest on this platform because they can't compete with the clever investors who use bots and other computer wizardry to fully subscribe the loan in a matter of milliseconds.
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Post by badboyyardy on Aug 1, 2017 13:46:34 GMT
I don't think its bots.  Small tip have the loan ready on the pending loan page then start hitting F5 to refresh as soon as its one min to go live. Its just the 30 minutes to do any DD that stings - house prices realistically low for Carlisle but was still trying to make sense of the security |
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rookey123
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Post by rookey123 on Aug 1, 2017 15:08:34 GMT
Personally just don't get stressed about it. Some I win and some I lose. I got some of Carlisle but missed out on Shrewsbury. I am only interested in investing in larger sizes. Fundingsecure have made the point again and again that they mix it up to help those who want to have a go at larger size and restricting others. From my perspective if I was restricted to £50-100 on all loans then I wouldn't bother with the site. I think they have the balance about right.
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edward
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Post by edward on Aug 1, 2017 15:33:42 GMT
plenty of availability still on eg Gleneagles if you only want big investments...
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fp
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Post by fp on Aug 1, 2017 17:09:54 GMT
For once, I didn't miss it, loan was gone in less than 30 seconds i'm guessing, i suppose its a case of you win some... you lose some.
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Post by scrooge on Aug 7, 2017 16:07:16 GMT
I'd prefer FS got on top of their large volume of delinquent loans and the never ending promises of "jam tomorrow". I know some people don't like Lendy, but but at least they stick up for their lenders and boot the LPA Receiver boot in, whereas FS seem to just sit back and accept whatever garbage the borrowers tell them. I'm pleased to say I have largely exited FS, though unlike REBS and FK, I did not exist quite early enough, thus am left with a few hundred quid in various bits of cr*p, totalling several thousand.  If FS are not careful, they'll go the way of FK. For all our sakes - and theirs - I hope I'm wrong...... |
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stub8535
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personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Aug 7, 2017 16:23:23 GMT
It has a time. I think you meant to say FS doesn't always give much notice. To be fair others do the same e.g. Unbolted which gives 0 notice. Comparing eggs and apples here.
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all gone in less than two minutes. 
