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Post by df on Mar 30, 2021 21:27:55 GMT
There's still some tranche A available. But is it worth transferring funds now? Can't be bothered to risk transferring and it's all gone. £1275 is still available. Might be gone in the next couple of minutes or still be there for the whole day tomorrow. I's unpredictable, but judging from previous loans there were some crumbs hanging around for longer than expected. Every time I've deposited (evening or morning before 9am) funds were credited at around 10.30 am. What do you mean by "risk"? Has anyone had problems with withdrawals yet?
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Greenwood2
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Post by Greenwood2 on Mar 31, 2021 9:18:22 GMT
But is it worth transferring funds now? Can't be bothered to risk transferring and it's all gone. £1275 is still available. Might be gone in the next couple of minutes or still be there for the whole day tomorrow. I's unpredictable, but judging from previous loans there were some crumbs hanging around for longer than expected. Every time I've deposited (evening or morning before 9am) funds were credited at around 10.30 am. What do you mean by "risk"? Has anyone had problems with withdrawals yet? Just a bit of a hassle, even logging into the bank is a pain these days with 'x' layers of security and with a newish payment they quite often want another security check to do the transfer.
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Greenwood2
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Post by Greenwood2 on Apr 2, 2021 15:13:14 GMT
New loan today, LTVs along the header say 25% Tranche A, 10% Tranche B and 7% Tranche C. If you click on the question marks beside each tranche you get much more sensible 45%, 60% and 70% respectively. Didn't notice this on other loans, but probably not looking that closely. Am I misunderstanding something?
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Post by df on Apr 2, 2021 15:18:01 GMT
New loan today, LTVs along the header say 25% Tranche A, 10% Tranche B and 7% Tranche C. If you click on the question marks beside each tranche you get much more sensible 45%, 60% and 70% respectively. Didn't notice this on other loans, but probably not looking that closely. Am I misunderstanding something? It says "up to", I think this is some kind of generic target, not specific to a particular loan.
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Post by df on Apr 2, 2021 15:30:02 GMT
Tranche C went in a couple of seconds as expected when only 4 people needed to fill it. I was there at 16:00:00 precisely, but didn't get C.
I recall this happening on FS. When I click on exact second the page opens with no bidding available, by the time I click on 'active loans' and the loan icon again it is all gone. Have to wait for 1 or 2 seconds before opening the loan page.
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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 Apr 2, 2021 15:30:29 GMT
New loan today, LTVs along the header say 25% Tranche A, 10% Tranche B and 7% Tranche C. If you click on the question marks beside each tranche you get much more sensible 45%, 60% and 70% respectively. Didn't notice this on other loans, but probably not looking that closely. Am I misunderstanding something? Total forgot about it. The LTV displayed related to the size of the tranche against the valuation. I think what they are supposed to show is that B has an LTV 10% more than A, and C 7% more than C but they are potentially misleading. The pop up ones arent the LTV they are just the parameters for the tranche. Actual LTV are 25%, 35% & 42%. Is it me or have they forgotten to reset the interest rates back to the normal level from the previous uplifts for higher risk. Seem generous for a sub 50% LTV loan
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Post by df on Apr 2, 2021 15:43:23 GMT
New loan today, LTVs along the header say 25% Tranche A, 10% Tranche B and 7% Tranche C. If you click on the question marks beside each tranche you get much more sensible 45%, 60% and 70% respectively. Didn't notice this on other loans, but probably not looking that closely. Am I misunderstanding something? Total forgot about it. The LTV displayed related to the size of the tranche against the valuation. I think what they are supposed to show is that B has an LTV 10% more than A, and C 7% more than C but they are potentially misleading. The pop up ones arent the LTV they are just the parameters for the tranche. Actual LTV are 25%, 35% & 42%. Is it me or have they forgotten to reset the interest rates back to the normal level from the previous uplifts for higher risk. Seem generous for a sub 50% LTV loan It is misleading. The real individual tranches LTV seems to be appearing only in the e-mail, the one on the question mark is irrelevant and the percentage of overall LTV share is confusing and not really needed to be there. Yes, interest rates for this loan are very generous, probably a mistake, but can't complain
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Greenwood2
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Post by Greenwood2 on Apr 2, 2021 16:28:37 GMT
New loan today, LTVs along the header say 25% Tranche A, 10% Tranche B and 7% Tranche C. If you click on the question marks beside each tranche you get much more sensible 45%, 60% and 70% respectively. Didn't notice this on other loans, but probably not looking that closely. Am I misunderstanding something? Total forgot about it. The LTV displayed related to the size of the tranche against the valuation. I think what they are supposed to show is that B has an LTV 10% more than A, and C 7% more than C but they are potentially misleading. The pop up ones arent the LTV they are just the parameters for the tranche. Actual LTV are 25%, 35% & 42%.Is it me or have they forgotten to reset the interest rates back to the normal level from the previous uplifts for higher risk. Seem generous for a sub 50% LTV loan Are the actual LTVs given anywhere, or do you have to work it out yourself? And the LTV given at the top 41.67% is the maximum I assume. Edit: OK they give the LTV for A and you refer back to get B and C.
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ilmoro
Member of DD Central
'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 Apr 2, 2021 16:35:18 GMT
Total forgot about it. The LTV displayed related to the size of the tranche against the valuation. I think what they are supposed to show is that B has an LTV 10% more than A, and C 7% more than C but they are potentially misleading. The pop up ones arent the LTV they are just the parameters for the tranche. Actual LTV are 25%, 35% & 42%.Is it me or have they forgotten to reset the interest rates back to the normal level from the previous uplifts for higher risk. Seem generous for a sub 50% LTV loan Are the actual LTVs given anywhere, or do you have to work it out yourself? And the LTV given at the top 41.67% is the maximum I assume. Not on the website AFAICS, though A is technically there & C is the max. They are in the email. Yes 41.67% the top, though only 41.66% in the email as theyve rounded down. This loan seems to be Schrodingers loan as its both Available & Coming Soon at the same time
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Post by Badly Drawn Stickman on Apr 2, 2021 17:14:09 GMT
Are the actual LTVs given anywhere, or do you have to work it out yourself? And the LTV given at the top 41.67% is the maximum I assume. Not on the website AFAICS, though A is technically there & C is the max. They are in the email. Yes 41.67% the top, though only 41.66% in the email as theyve rounded down. This loan seems to be Schrodingers loan as its both Available & Coming Soon at the same time Both being visible does slightly remove the element of the unknown however. Certainly an interesting barometer of the platform climate 17 down and 10 to go by my counting (nice easy one, with one swipe each). Probably explains the continuation of rate as well. It would seem a few more investors are the priority at the moment I suspect. That probably pivots on trust as much as anything so may be about six months away currently. It did cross my mind though that the only watch I have ever purchased was 5 Euro on a French market when I realised I had not got my phone with me and needed to have some idea what time it was. Seem to remember it was a Rolex knock off.
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Post by df on Apr 2, 2021 18:26:13 GMT
Not on the website AFAICS, though A is technically there & C is the max. They are in the email. Yes 41.67% the top, though only 41.66% in the email as theyve rounded down. This loan seems to be Schrodingers loan as its both Available & Coming Soon at the same time Both being visible does slightly remove the element of the unknown however. Certainly an interesting barometer of the platform climate 17 down and 10 to go by my counting (nice easy one, with one swipe each). Probably explains the continuation of rate as well. It would seem a few more investors are the priority at the moment I suspect. That probably pivots on trust as much as anything so may be about six months away currently. It did cross my mind though that the only watch I have ever purchased was 5 Euro on a French market when I realised I had not got my phone with me and needed to have some idea what time it was. Seem to remember it was a Rolex knock off. More precisely 15 down and 10 to go. There were more investors for other loans. No doubt it will be filled before this time tomorrow, but I thought a small loan like this will be filled in few minutes even at soft launch stage.
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Post by Badly Drawn Stickman on Apr 2, 2021 19:46:41 GMT
Both being visible does slightly remove the element of the unknown however. Certainly an interesting barometer of the platform climate 17 down and 10 to go by my counting (nice easy one, with one swipe each). Probably explains the continuation of rate as well. It would seem a few more investors are the priority at the moment I suspect. That probably pivots on trust as much as anything so may be about six months away currently. It did cross my mind though that the only watch I have ever purchased was 5 Euro on a French market when I realised I had not got my phone with me and needed to have some idea what time it was. Seem to remember it was a Rolex knock off. More precisely 15 down and 10 to go. There were more investors for other loans. No doubt it will be filled before this time tomorrow, but I thought a small loan like this will be filled in few minutes even at soft launch stage. You are correct with the numbers I worked it out on £675 for some reason (probably my scrappy note taking - large pile of paper mostly doodling and things I have no idea what are related to), had to go back and double check, It is possible the 'not worth getting out of bed for a £25 loan' attitude played a part.
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Post by df on Apr 2, 2021 21:02:15 GMT
More precisely 15 down and 10 to go. There were more investors for other loans. No doubt it will be filled before this time tomorrow, but I thought a small loan like this will be filled in few minutes even at soft launch stage. You are correct with the numbers I worked it out on £675 for some reason (probably my scrappy note taking - large pile of paper mostly doodling and things I have no idea what are related to), had to go back and double check, It is possible the 'not worth getting out of bed for a £25 loan' attitude played a part. Just need 10 more enthusiasts who wakes up before 4pm and the loans like this will be flying off the shelves If the remaining £250 is not picked up by 4pm tomorrow I'm sure somebody will grab the remaining crumb at approximately 16:00:01.
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Greenwood2
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Post by Greenwood2 on Apr 3, 2021 7:54:43 GMT
More precisely 15 down and 10 to go. There were more investors for other loans. No doubt it will be filled before this time tomorrow, but I thought a small loan like this will be filled in few minutes even at soft launch stage. You are correct with the numbers I worked it out on £675 for some reason (probably my scrappy note taking - large pile of paper mostly doodling and things I have no idea what are related to), had to go back and double check, It is possible the 'not worth getting out of bed for a £25 loan' attitude played a part.If you could simply deposit by debit card on the website it would make these small amounts more appealing, by the time you register that you're going to deposit funds, log into your bank, make a transfer, check that the funds arrived, wait for the loan to go live, place your bid, it's really hardly worth the effort. The alternative is to leave funds on the site, but for that it really needs a constant flow of loans.
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Post by connectivelending on Apr 6, 2021 9:09:25 GMT
Dear Previous Posters, We have listened to your comments and see that there was some error in how the loans, tranches and LTV's were being shown. We have deployed a fix for how the LTV's are shown and messages appearing when clicking on the question mark pop up. We hope this conforms our message going forward.
Kind regards Connective Lending
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