carol167
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Post by carol167 on Jul 13, 2018 16:49:03 GMT
Currently 5.7%
Haven't seen that in a long time. Been pushing 5.6 the last few days on and off.
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Stonk
Stonking
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Post by Stonk on Jul 13, 2018 19:01:24 GMT
There have been -- or shortly will be this evening - some matches at the front of the 5.8% queue. Those people have certainly been waiting a long time for it!
The 5 Year market often goes a few tenths higher over the weekend than how it finishes on Friday, and the offers are quite thin at 5.8% and 5.9%, so I am expecting this to happen. Now, whether a new offer at the tail end of the 6.0% queue will get matched is another story.
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ashtondav
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Post by ashtondav on Jul 14, 2018 8:04:35 GMT
The amount of money on offer has declined dramatically in five year - down from over 3M to just over 1M in two months!. I picked up 5.6% yesterday. I reckon we’ll be seeing 6% by end month.
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Post by Ace on Jul 14, 2018 12:47:09 GMT
I've had a match at 5.7% and 5.8%, both were waiting about 12 weeks.
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jlend
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Post by jlend on Jul 14, 2018 13:02:21 GMT
I've had a match at 5.7% and 5.8%, both were waiting about 12 weeks. With RS lending over 62.8 million in June in their PF protected accounts that is about twice Growth Street, AC and Lending works PF protected lending combined. And 14% more than RS lent in June last year. So they seem to be doing a great job of originating new loans at the moment which is pushing up rates for lenders, as well as some lenders withdrawing cash.
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coogaruk
Hello everyone! Anyone remember me?
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Post by coogaruk on Jul 14, 2018 14:10:33 GMT
5.5 is the best I've managed so far. Bit impatient I guess.
As for RS originating plenty of new loans at the moment let's hope the borrowers are creditworthy or at the end of the day the rates won't matter.
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Post by ogwellian on Jul 14, 2018 16:23:16 GMT
I deposited £2,500 at 1.23pm and it's just been matched at 5.8%.
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jlend
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Post by jlend on Jul 14, 2018 16:25:58 GMT
5.5 is the best I've managed so far. Bit impatient I guess.
As for RS originating plenty of new loans at the moment let's hope the borrowers are creditworthy or at the end of the day the rates won't matter.
The PF coverage ratio has been gradually going up and is now 125% according to the website Fingers crossed that improvent is accurate.
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Stonk
Stonking
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Post by Stonk on Jul 14, 2018 19:09:37 GMT
I've had a match at 5.7% and 5.8%, both were waiting about 12 weeks.
I trust they were just markers! Having the cash idle at 0% for 12 weeks has reduced the 5.8% down to about 5.5%, or worse if the loans don't go the full 5 years.
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Post by Ace on Jul 14, 2018 21:21:17 GMT
I've had a match at 5.7% and 5.8%, both were waiting about 12 weeks.
I trust they were just markers! Having the cash idle at 0% for 12 weeks has reduced the 5.8% down to about 5.5%, or worse if the loans don't go the full 5 years.
Yes, I put markers in at 0.1% intervals up to 6.0% to confirm my suspicions that I would be better off with LW despite their initial 20 day cash drag at the time. It was confirmed many weeks ago, but I thought I would leave the markets on RS to ride just to see how long, if ever, they would take to get matched.
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ashtondav
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Post by ashtondav on Jul 15, 2018 10:20:19 GMT
Bunged in a few hundred at between 5.8% and 6%. If it goes by month end all well and good. If not i’ll Sweep it up and shove it into LW.
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star dust
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Post by star dust on Jul 15, 2018 12:13:28 GMT
I put some on yesterday afternoon at 5.8% and it was matched very quickly, put some more on yesterday evening and it went overnight. I've just put a bit more on, but it is piling up a bit now so I wouldn't be surprised if it doesn't match in which case I'll pull it next week. Too many people reading this thread I guess  . I'm grateful for it though, I haven't lent anything on RS since opening my 'new' account in January and getting 5.9-6.0+% on both one year and five year markets. Surprisingly most of the one year ones are still live whilst the majority of the 5 year stuff repaid early.
In Edit: No need for removal next week - money matched at 5.8% at 17:31, and it looks like it's started on the 5.9% queue.
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Post by befuddled on Jul 15, 2018 18:54:11 GMT
Lots of activity today, high rates - and lender amounts seem relatively low for rolling and 5yr.
What could this signify ? Is it healthy for lenders or could there be darker underlying reasons
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trevor
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Post by trevor on Jul 15, 2018 21:42:26 GMT
This situation used to be common over a year ago. Don't panic, take advantage, lend.
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ashtondav
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Post by ashtondav on Jul 16, 2018 7:26:38 GMT
Bunged in a few hundred at between 5.8% and 6%. If it goes by month end all well and good. If not i’ll Sweep it up and shove it into LW. 5.8% snaffled up that same evening. Back in business RS! The dumb money has been hoovered up at last, presumably mostly ISA investments.
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. I'm grateful for it though, I haven't lent anything on RS since opening my 'new' account in January and getting 5.9-6.0+% on both one year and five year markets. Surprisingly most of the one year ones are still live whilst the majority of the 5 year stuff repaid early.