wapping35
Member of DD Central
Posts: 385 
Likes: 210
|
Post by wapping35 on Oct 2, 2017 12:51:31 GMT
Just in case anyone is interest.
I note the repayment due in the 5 year market has not been repaid yet (Oct 2nd due date).
I called RS and yes apparently they are running on a delay. Apparently the Rolling and 1 year markets have been paid, but the 5 year repayments are still in process. They expect it to be in around 3-4 pm.
W35
|
|
Stonk
Stonking
Posts: 735
Likes: 658
|
Post by Stonk on Oct 2, 2017 12:57:50 GMT
Just in case anyone is interest. I note the repayment due in the 5 year market has not been repaid yet (Oct 2nd due date). I called RS and yes apparently they are running on a delay. Apparently the Rolling and 1 year markets have been paid, but the 5 year repayments are still in process. They expect it to be in around 3-4 pm. W35 Thanks. I assumed it was something to do with being the first business day of the month, when the month starts on a weekend. It might help RS out with their current "situation" on the Rolling market if the 5 Year repayments were available to lenders.
|
|
sl75
Posts: 2,092
Likes: 1,245
|
Post by sl75 on Oct 2, 2017 13:53:19 GMT
Just in case anyone is interest. I note the repayment due in the 5 year market has not been repaid yet (Oct 2nd due date). I called RS and yes apparently they are running on a delay. Apparently the Rolling and 1 year markets have been paid, but the 5 year repayments are still in process. They expect it to be in around 3-4 pm. W35 Thanks. I assumed it was something to do with being the first business day of the month, when the month starts on a weekend. It might help RS out with their current "situation" on the Rolling market if the 5 Year repayments were available to lenders. Not sure how the "situation" was at the time you made your post, but it looks to me like there's now more than enough money to match all known demand on the rolling market even before additional funds arrive from repaying the longer-term markets... albeit at a higher rate than they'd likely want to match it, but no harm to them in waiting a few hours, as the amount seems to be rapidly dropping, presumably as people who think 4.1% is a great rate are jumping at the opportunity? Edit: I see also that 5 year repayments are at least starting to dribble in, so perhaps part of the effect I'm seeing is what you were hinting at - 5 year money coming in and being re-invested in rolling.
|
|
dermot
Member of DD Central
Posts: 862
Likes: 517
|
Post by dermot on Oct 2, 2017 16:49:03 GMT
Well, 'tis now 17:45 and nothing on my 5 year repayments expected for today (3 year has paid).
A bit naughty of RS not to publish some sort of update ...
|
|
wapping35
Member of DD Central
Posts: 385
Likes: 210
|
Post by wapping35 on Oct 2, 2017 17:05:08 GMT
It is still running for me, about 75% done. I think they process the oldest loans first.
At this rate I suspect it will be finished around 7pm, for me at least.
w35
====
Edit : I was wrong it is still running pitifully slowly now and still around +15% to go.
|
|
|
|
Post by yorkshireman on Oct 2, 2017 17:22:34 GMT
82% of my 5 year repayments paid at 18:20, poor show RS.
|
|
rambler
Member of DD Central
Posts: 68
Likes: 11
|
Post by rambler on Oct 2, 2017 22:13:10 GMT
Only 2 of my 3 repayments received so far today.
|
|
Stonk
Stonking
Posts: 735
Likes: 658
|
Post by Stonk on Oct 2, 2017 23:54:35 GMT
3 of 6 for me.
Also, a match on Rolling has been in the state "waiting for the loan to be formed" for very much longer than normal.
RS's computers are doing an FC.
|
|
wapping35
Member of DD Central
Posts: 385
Likes: 210
|
Post by wapping35 on Oct 3, 2017 8:42:17 GMT
|
|
|
|
Post by davee39 on Oct 3, 2017 10:05:19 GMT
This change, and calling deposits 'money in' looks like it has FCA fingerprints all over it.
|
|
jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
|
Post by jonah on Oct 3, 2017 18:32:47 GMT
But for example, MoneyThing still calls it deposits, so if it is the fca they aren’t consistent.
The changing of the fee structure though, removes one of this boards biggest bugbears, so is positive.
Now they just need to fix the PF and have rates go up and I might start putting cash in instead of ‘money out’ as I am doing currently.
|
|
|
|
Post by supernumerary on Oct 5, 2017 9:08:16 GMT
Just in case anyone is interest. I note the repayment due in the 5 year market has not been repaid yet (Oct 2nd due date). I called RS and yes apparently they are running on a delay. Apparently the Rolling and 1 year markets have been paid, but the 5 year repayments are still in process. They expect it to be in around 3-4 pm. W35 Late again today. It has gone past 10am, with no repayments made.
|
|
|
|
Post by supernumerary on Oct 5, 2017 16:03:20 GMT
Just in case anyone is interest. I note the repayment due in the 5 year market has not been repaid yet (Oct 2nd due date). I called RS and yes apparently they are running on a delay. Apparently the Rolling and 1 year markets have been paid, but the 5 year repayments are still in process. They expect it to be in around 3-4 pm. W35 Late again today. It has gone past 10am, with no repayments made. Just gone past 5pm. Still nothing been deposited...
|
|
09dolphin
Member of DD Central
Posts: 631 
Likes: 857
|
Post by 09dolphin on Oct 6, 2017 12:16:29 GMT
You have to wonder about the competence of Ratesetter.
|
|
|
|
Post by supernumerary on Oct 13, 2017 8:32:25 GMT
You have to wonder about the competence of Ratesetter. It is again late today... It didn't used to be like this. I'd be guessing as to why, but with repeated occurrences, it has left me wondering what is going on...
|
|
