Zopa / Natwest

elbe

Gorgeous_George wrote: »

Ok.

Listings are quite simple really. You create a listing and you suggest the interest rate that you are interested in. Lenders then make offers (don't worry if these are slow to come in, most lenders wait until the last day to avoid tying their money up longer than necessary).

Each lender pledges to lend a sum of money at a particular interest rate. As the offers come in, the listing reaches 100% funding. At this point, the rate starts to fall and you could easily achieve a rate lower than 10%. All depends on your application, the level of detail and the number of stars that you receive for affordability, credit score and stability.

Just like in eBay, when offers tend to come in towards the end of the auction, your listing attracts a lot of interest in the final minutes.

It's fun. I suggest you add a photo and as much detail as possible, answer the questions quickly, and fully. Join in the chat on the Lender's forum and you should get a good rate.

GG

GGeorge, the above is misleading. There is absolutely no way you or anyone can predict that once a listing reaches 100% funding the lister could then 'easily achieve a rate lower than 10%' You know yourself that it all depends on age, length of loan, amount of loan, detail in listing, reason for loan and this list is endless. You are almost giving false hope to people. you would be wiser to direct them to the help pages rather than racking up a referral fee on what could be hot air!

Also one person in this topic did not reach 100% funding as you know how will you explain that to them?

It's possible that a listing may get a lower rate than markets but no guarantees so I don't know where you get the 10% loan rate from.

I'm not going to mention the other people in this topic who have created listings but you seem to be drumming up trade where it isn't needed and your advice is partially flawed.

As for it being 'fun', remember that people who are in need of a loan don't see asking for money as fun.

I imagine that once you read this you'll not be giving me a referral fee! C'est la vie

Gorgeous_George

Hi kyliee18

You have a pm.

GG