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Post by ruralres66 on Sept 19, 2017 7:57:55 GMT
Reflection of market or glitch?
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ashtondav
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Post by ashtondav on Sept 19, 2017 8:46:42 GMT
I thought rolling money was placed in longer term loans. In what way does rolling have short term borrowers?
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oldgrumpy
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Post by oldgrumpy on Sept 19, 2017 10:19:41 GMT
Usually £1m+ on a Tuesday. That would take us into possible 5% territory. Maybe RS are delaying today's main tranche until more lender money is in at lower rates.
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Post by df on Sept 24, 2017 18:19:10 GMT
I thought rolling money was placed in longer term loans. In what way does rolling have short term borrowers? In my understanding, the loans are longer term. The capital+interest is returned every month in rolling - it could be that we are not investing in individual loans, but in the "pool", like QAA and 30-Day. I might be wrong???
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Post by BrianC on Sept 24, 2017 23:04:26 GMT
I’ve just lent £1200 in Rolling and looking at my October repayments I get it all back (£1203.77) exactly a month later. All of my lent rolling money gets paid back in October and that’s how it seems to happen every month. So it seems every rolling loan I make is for exactly 1 month, unless repaid early. Why is that??? It’s a bit annoying. I don’t think it’s always been that way? Cheers
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TheDriver
Member of DD Central
Slightly bonkers
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Post by TheDriver on Sept 25, 2017 5:35:07 GMT
There is currently £1.9M requested, only £1.6M offered. Does this mean I should increase the rate on my chunk queued? How high is rate likely to go - over 5%? I assume RS will time the matching run with further deposits, to manage the rate to some extent.
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Post by WestonKevTMP on Sept 25, 2017 6:46:39 GMT
I’ve just lent £1200 in Rolling and looking at my October repayments I get it all back (£1203.77) exactly a month later. All of my lent rolling money gets paid back in October and that’s how it seems to happen every month. So it seems every rolling loan I make is for exactly 1 month, unless repaid early. Why is that??? It’s a bit annoying. I don’t think it’s always been that way? Cheers The "rolling market" back in my day used to be called the "monthly market", with not much changing in in-between other than an approach to fees. So other than some exceptions, most contracts are for a month. So the rate you achieve is only for a month, hence it isn't worth waiting too long to get an extra 0.1%.... What happens after the month depends on your reinvestment settings, and the new AER that you manage to attain either through Market Rate or manual. Kevin.
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Stonk
Stonking
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Post by Stonk on Sept 25, 2017 8:49:35 GMT
There is currently £1.9M requested, only £1.6M offered. Does this mean I should increase the rate on my chunk queued? How high is rate likely to go - over 5%? I assume RS will time the matching run with further deposits, to manage the rate to some extent. If RS "opened the tap" and allowed everything to match right now, then as a lender you would get any rate you liked. But they won't do that. The borrower queue will match gradually during the day as new lender money is attracted in by the fairly decent rate currently available (3.8%). RS tend to open the tap a bit a couple of times during the day to clear away a chunk of the borrower offers. This will have the effect of raising the available rate a bit (maybe 4.0%) and attract in more lender money. RS know what they are doing, and how fast lender money will arrive and how lenders will behave faced with different states of the loan book. Don't expect 5%. By all means place an offer there - you might get lucky - but monitor your position in the queue. For example. I have an offer in at 4.5% which is £1.2M down the queue, and would match if the tap was fully opened now. As the day passes, the borrower offers will be taken up and reduce from £1.5M. Simultaneously, I will get pushed further away from the front of the queue, as lender money comes in offering at a lower rate. At some point, there may be less borrower money than my distance into the queue, and I will reduce my asking price.
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oik
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Post by oik on Sept 25, 2017 12:10:22 GMT
I’ve just lent £1200 in Rolling and looking at my October repayments I get it all back (£1203.77) exactly a month later. All of my lent rolling money gets paid back in October and that’s how it seems to happen every month. So it seems every rolling loan I make is for exactly 1 month, unless repaid early. Why is that??? It’s a bit annoying. I don’t think it’s always been that way? Cheers If you don't want that annoyance then you might consider Assetz Capital paying 4.25% on their 30 Day Access account until you give notice to get it back, or their Quick Access account paying 3.75%.
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Post by BrianC on Sept 28, 2017 17:01:03 GMT
I’ve just lent £1200 in Rolling and looking at my October repayments I get it all back (£1203.77) exactly a month later. All of my lent rolling money gets paid back in October and that’s how it seems to happen every month. So it seems every rolling loan I make is for exactly 1 month, unless repaid early. Why is that??? It’s a bit annoying. I don’t think it’s always been that way? Cheers If you don't want that annoyance then you might consider Assetz Capital paying 4.25% on their 30 Day Access account until you give notice to get it back, or their Quick Access account paying 3.75%. Yep, already in AC up to about my comfortable limit for that platform. Been withdrawing from Zopa and RS to add to AC for a while but now RS rolling rates increasing I’m putting new money back in to rolling. Just got 5.3. Shame it’s only for a month again.
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Post by yorkshireman on Sept 28, 2017 17:32:43 GMT
If you don't want that annoyance then you might consider Assetz Capital paying 4.25% on their 30 Day Access account until you give notice to get it back, or their Quick Access account paying 3.75%. Just got 5.3. Shame it’s only for a month again. What about the RS 1 year market then? Whilst there are no borrowers at present, 5.0% was achievable earlier this afternoon.
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Post by BrianC on Sept 28, 2017 17:58:41 GMT
Yeah, I saw 5.1% in the 1 year. A years a long time though and I'm trying to move all my funds to quicker fee free access in case I move house in the next year. Might just have to settle for varying rates in rolling over the short term. Most of my cash is still tied in to RS 5 year and Zopa Plus so just need to use more quicker access accounts. For the first time in years I'm even starting to put a bit in to Premium Bonds as despite the derisory rate it's secure, tax free and quick access. Will get me below inflation returns but will be for less than a year.
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happy
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Post by happy on Sept 28, 2017 18:22:06 GMT
Yeah, I saw 5.1% in the 1 year. A years a long time though and I'm trying to move all my funds to quicker fee free access in case I move house in the next year. Might just have to settle for varying rates in rolling over the short term. Most of my cash is still tied in to RS 5 year and Zopa Plus so just need to use more quicker access accounts. For the first time in years I'm even starting to put a bit in to Premium Bonds as despite the derisory rate it's secure, tax free and quick access. Will get me below inflation returns but will be for less than a year. Look on the bright side Brian (he said resisting the obvious Monty Python film pun there), you could be a millionaire winner before you move house, perhaps go for a bigger house then hey!
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TheDriver
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Post by TheDriver on Sept 29, 2017 2:33:24 GMT
Despite the title of this thread there seem to be plenty of borrowers out there now - I matched at 5.4% for a split of 3 - 4 week contracts.
More usefully, I got a full 12 months at 5.0% on the 1 year plan - I wonder if it will see out the term?
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