jlend
Member of DD Central
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Post by jlend on Nov 30, 2017 8:04:46 GMT
Just to say my 5.9% matched yesterday.
It's hard to guess which market will be best each day which doesn't feel right
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spiral
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Post by spiral on Nov 30, 2017 8:21:31 GMT
I matched 6.0% with reinvestment money yesterday. The timestamp on the email was 1650.
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Post by skint4achange on Nov 30, 2017 16:42:32 GMT
Looks like the 1 year is on the up again. Currently matching 5.7 with only £280k available on the market
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Post by skint4achange on Dec 4, 2017 11:53:11 GMT
A big slug has just been swallowed on the 1 year market. The market is heading above 5%, with a few matches already made at 5.3% this morning.
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Post by skint4achange on Dec 4, 2017 14:41:05 GMT
Now 5.8% and still rising if you fancy it.
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r00lish67
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Post by r00lish67 on Dec 4, 2017 14:51:22 GMT
Now 5.8% and still rising if you fancy it. I do, I do...but is there any way we can guess where this will end up? Usually you can measure the borrower queue to have a stab, but there isn't one for the 1 year market. Tagging oldgrumpy as he dabbles here.
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Post by skint4achange on Dec 4, 2017 14:54:57 GMT
The 1 year was a bit quiet earlier and then went into overdrive and has now gone quiet again...................While they pour more low APR interest payments back onto the market.
I am still holding out for a bit higher. Hopefully a lot higher!!
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oldgrumpy
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Post by oldgrumpy on Dec 4, 2017 16:23:38 GMT
Had a quick look this morning but didn't expect it to go quite so high. In the meantime my morning repayments were swallowed up by 4.4% in "rolling"/one month. This is the same rate as RS are giving away lending other "uninformed" people's money for five years.
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markr
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Post by markr on Dec 4, 2017 17:27:17 GMT
Rats, itchy trigger finger, I took 5.3%, happy enough with that though.
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Post by skint4achange on Dec 4, 2017 17:33:32 GMT
This is the first time I have seen the market crossed for a while though
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nairda
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Post by nairda on Dec 4, 2017 22:04:28 GMT
I managed to pick up 5.7% earlier this evening. I used some money that had been sitting in 5 year waiting for sensible rates to return.
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brianlom1
Member of DD Central
He's not the Messiah, he's a very naughty boy!
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Post by brianlom1 on Dec 4, 2017 22:48:40 GMT
Apologies if this is covered elsewhere but you guys may be able to restore my faith in RS (or not).
I like the RS platform and when rates were consistently above 6% I was a regular investor. When rates tumbled, I kept watching. Every now and then, rates would look attractive and I'd transfer money in only to find the advertised rates were no longer available. It seems to me that attractive rates continue to be promoted for several hours after actual rates have dropped. Is this a scenario you recognise?
Having fallen for this trick a few times, I lost faith in RS and deposited my money with Growth Street instead.
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mary
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Post by mary on Dec 5, 2017 11:11:12 GMT
Apologies if this is covered elsewhere but you guys may be able to restore my faith in RS (or not). I like the RS platform and when rates were consistently above 6% I was a regular investor. When rates tumbled, I kept watching. Every now and then, rates would look attractive and I'd transfer money in only to find the advertised rates were no longer available. It seems to me that attractive rates continue to be promoted for several hours after actual rates have dropped. Is this a scenario you recognise? Having fallen for this trick a few times, I lost faith in RS and deposited my money with Growth Street instead. All my >6% October matches in the 1 year market were repaid last night (although they were set up as full 1 year loans) and I suspect everyone elses were also, hence the sudden larger 1 year lender queue which is now £3.5m.
It appears that this is not really a loan repayment - but a re-finance at lower rates as the last match was just 2.5%.
This is not a nice trick (although I understand the business reasons to maximise RS profitability).
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rscal
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Post by rscal on Dec 5, 2017 11:36:10 GMT
which is now £3.5m.
It appears that this is not really a loan repayment - but a re-finance at lower rates as the last match was just 2.5%.
This is not a nice trick (although I understand the business reasons to maximise RS profitability).
No, you miss the point. It's set up like this to "treat customers fairly" ("well" or "badly" they don't stipluate) But as it happen I had a largish 3.6% 1 year loan of seven months standing repaid early this monring also - with interest - which made me 'happy' for once! Now I wonder how long my '1 year' 5.4% loans from yesterday's market will be maintained on their books?
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puddleduck
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Post by puddleduck on Dec 5, 2017 11:36:21 GMT
Apologies if this is covered elsewhere but you guys may be able to restore my faith in RS (or not). I like the RS platform and when rates were consistently above 6% I was a regular investor. When rates tumbled, I kept watching. Every now and then, rates would look attractive and I'd transfer money in only to find the advertised rates were no longer available. It seems to me that attractive rates continue to be promoted for several hours after actual rates have dropped. Is this a scenario you recognise? Having fallen for this trick a few times, I lost faith in RS and deposited my money with Growth Street instead. All my >6% October matches in the 1 year market were repaid last night (although they were set up as full 1 year loans) and I suspect everyone elses were also, hence the sudden larger 1 year lender queue which is now £3.5m.
It appears that this is not really a loan repayment - but a re-finance at lower rates as the last match was just 2.5%.
This is not a nice trick (although I understand the business reasons to maximise RS profitability).
Yes, this happened to me too, and I had a lot at 10% I just withdrew the funds and will put it elsewhere, I'm not really keen on long term lockins for unsecured loans anyway, 10% I will take, but with 6%+ with security available elsewhere withdrawing was an easy decision for me.
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