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Post by Duane Dibley on Jul 3, 2014 18:16:33 GMT
The only option left to those not happy with this divisive proposal is to put their loan parts back up for sale.
And that's exactly what I'll be doing at 23:59 on the 7th July.
Why the should other people get 1% cashback on the back of my investment?
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Post by mrclondon on Jul 3, 2014 18:49:08 GMT
The only option left to those not happy with this divisive proposal is to put their loan parts back up for sale. And that's exactly what I'll be doing at 23:59 on the 7th July. Why the should other people get 1% cashback on the back of my investment? Your original post implied you had invested the funds from the repaid boat loan into PB005 early on the 1st July. Given the later clarification from SS "ANY FUNDS invested in this loan from 1st July 2014 to 7pm on 7th July 2014 will receive the EXTRA 1% CASHBACK." (see bottom of previous page on this thread), you would be due cashback on that investement, so I'm not sure what your concern is - can you clarify ?
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ilmoro
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Post by ilmoro on Jul 4, 2014 0:06:57 GMT
The only option left to those not happy with this divisive proposal is to put their loan parts back up for sale. And that's exactly what I'll be doing at 23:59 on the 7th July. Why the should other people get 1% cashback on the back of my investment? Erm, not sure that would work. The funds are committed whether for sale or not so the loan would still be funded so the 1% cashback would be paid or am I missing something. Like others, Ive held back to see if it will fill before topping up my pre-drawdown investment. Got to say Im happy with 12% return (compared to other sites rates) & cashback is just a bonus. 
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Post by brummiefred on Jul 4, 2014 6:45:54 GMT
As I understand it, there is no drawdown period, the loan is already live and paying the 12%.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jul 4, 2014 7:25:04 GMT
As I understand it, there is no drawdown period, the loan is already live and paying the 12%. Yes, drawdown is possibly the wrong term. I meant my investment prior to 20/6 which attracted 0.5% cashback. Have now taken plunge and topped up as there's less then 40k to fund and dont seem to be able to pick up any boaty bits as I originally hoped. The SM will naturally now become awash with them when Im not looking!
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star dust
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Post by star dust on Jul 4, 2014 8:11:54 GMT
Of course, I think they're ghost ships - but let's hope not literally!
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j
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Penguins are very misunderstood!
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Post by j on Jul 4, 2014 8:37:17 GMT
Seems to have gone well, only 1.4% (~ £32k) left to pick up. I've topped with a mixture of upfront payment & normal monthly payment though I still think SS could have handled the promotion in a better & fairer way.
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Post by pepperpot on Jul 4, 2014 15:04:13 GMT
If anyone wants any more of this there's only £3600 left at 4:03
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Post by pepperpot on Jul 4, 2014 16:15:57 GMT
If anyone wants any more of this there's only £3600 left at 4:03 Gone!
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star dust
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Post by star dust on Jul 4, 2014 16:23:48 GMT
To add to the above - I wonder how savingstream are going to deal with the new money that's now being invested into recycled funds. Investors will be assuming that they are going to receive 1% cashback up until 7pm, July 7th 2014? It's back to zero again now so I would suggest that if they want to avoid paying anymore cash-back savingstream should pull the cash back notice on the loan page and maybe payout the cash back now too? 
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Post by Duane Dibley on Jul 5, 2014 17:43:07 GMT
The only option left to those not happy with this divisive proposal is to put their loan parts back up for sale. And that's exactly what I'll be doing at 23:59 on the 7th July. Why the should other people get 1% cashback on the back of my investment? Your original post implied you had invested the funds from the repaid boat loan into PB005 early on the 1st July. Given the later clarification from SS "ANY FUNDS invested in this loan from 1st July 2014 to 7pm on 7th July 2014 will receive the EXTRA 1% CASHBACK." (see bottom of previous page on this thread), you would be due cashback on that investement, so I'm not sure what your concern is - can you clarify ? Without going into details about my actual investments, suffice to say that your assumption that that I invested repaid funds from the Bayliner loan into property loan 5 is correct. Simply because I wasn't allowed to rollover maturing funds into the new loan and so the only option was to invest in property loans or withdraw the funds. However most of my funds invested in property 5 were made prior to July 1st so won't qualify for cashback. Hope that clarifies my position. In any case, the message from SavingStream is clear, don't invest in property loans when they first go live but wait until they are closer to being filled and benefit from the increased cashback. Sometimes loyalty doesn't pay.
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j
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Penguins are very misunderstood!
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Post by j on Jul 5, 2014 19:22:02 GMT
In any case, the message from SavingStream is clear, don't invest in property loans when they first go live but wait until they are closer to being filled and benefit from the increased cashback. Sometimes loyalty doesn't pay. does have a point with the last comment!
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vmail
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Post by vmail on Jul 6, 2014 9:36:58 GMT
In any case, the message from SavingStream is clear, don't invest in property loans when they first go live but wait until they are closer to being filled and benefit from the increased cashback. Sometimes loyalty doesn't pay. does have a point with the last comment! Brand New Customers Only
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Post by mrclondon on Jul 7, 2014 18:52:19 GMT
Hmm ... cashback paid earlier today, and now £1,001,823.23 is available on PBL005 following the addition of £1m a few minutes ago (presumably an underwriter). Anyone wanting to reduce their exposure on this one is in for a long wait ...
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Post by pepperpot on Jul 7, 2014 19:22:49 GMT
Hmm ... cashback paid earlier today, and now £1,001,823.23 is available on PBL005 following the addition of £1m a few minutes ago (presumably an underwriter). Anyone wanting to reduce their exposure on this one is in for a long wait ... Depends on how the underwritten funds are treated. If it's like the rest of us then yes, we'll have to sit tight. But if it's like the unfunded portion of 004 for eg, then user parts take priority, and are sold first. Can savingstream comment please.
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