It seems collateral or Collateral Rep finally woke up and some half hour after my deposit, funds came through and I managed to grab a few bits of what was left. Quite pleased as I rarely manage out of new loan time SM purchases on sites that need you to move money in first. So, thanks to Collateral and daveb4 for the heads up too.
Could I suggest a further reason for this evenings current glut of SM loan parts?
A £50 bid limit will likely attract LNW Investors and deter MNW and HNW Investors, those with large/largest funding pots may not see their time as well spent chasing a £50 allocation when they may well be capable of lending £100's if not £1000's at a time elsewhere.
It may appear likely that the latter two groups may look to exit funds from Collateral in favour of other destinations where bid restrictions are higher.
As a suggestion Collateral Rep would it be practical to alternate between £50-£100 limits on one day and £100 and above on the next loan listing day, or offer both options the same day, perhaps this may offer a more workable option in an desire to favour all NW levels?
From reading through Collateral threads it would seem that many Investors [myself included] a] Like the Portal And b] Wish to diversify their Portfolios [particularly when a Bias to Property is applicable].
All opinions expressed are personal and oft times controversial.
Hi Gordon, I logged on this morning and couldn't make out what was different. I then realised that the property loan that had been there, it seemed forever, has suddenly gone. Have some enthusiastic investors gobbled it up, or us it going to roll out as a new restructured loan?