johni
Member of DD Central
Posts: 365
Likes: 327
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Post by johni on Aug 25, 2018 20:30:18 GMT
I transferred by faster payments last night at 6pm money available to loan at 10pm
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Post by beegee on Aug 26, 2018 10:43:44 GMT
By Debit Card payment is virtually instantaneous.
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smezz
Posts: 180
Likes: 73
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Post by smezz on Aug 26, 2018 12:47:12 GMT
5 year market:
Tons of new money pouring in at 6.1/6.2/6.3.
6.4 & 6.5 going backwards.
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Post by nutfield on Aug 26, 2018 15:44:44 GMT
5 year market:
Tons of new money pouring in at 6.1/6.2/6.3.
6.4 & 6.5 going backwards.
I suppose it illustrates that a bird in the hand (6.1 to 6.3%) is worth two in the bush!
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arby
Member of DD Central
Posts: 910
Likes: 959
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Post by arby on Aug 26, 2018 21:59:01 GMT
5 year market:
Tons of new money pouring in at 6.1/6.2/6.3.
6.4 & 6.5 going backwards.
I suppose it illustrates that a bird in the hand (6.1 to 6.3%) is worth two in the bush! Every 0.1% step is worth only a couple of weeks interest, with the risk that you end up being back at 5.5% and missing out on the certain 6.1%, all because you were trying to get 6.4%. But that's the fun of the game, I'm currently in at both 6.3% and 6.4%, and I'm wondering if I should have put more in instead at 6.2 which got loaned out a few days ago...
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mark123
Member of DD Central
Posts: 111
Likes: 120
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Post by mark123 on Aug 28, 2018 9:18:02 GMT
Personal prediction... by Monday 10pm they will be matching 6.7%. Well I got that wrong! Got five-year matches at 6.3% on Monday but my 6.4% never got lent out. Some people also got 6.3% on rolling. Is that a record for this year?
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coogaruk
Hello everyone! Anyone remember me?
Posts: 703
Likes: 463
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Post by coogaruk on Aug 28, 2018 11:03:39 GMT
Got five-year matches at 6.3% on Monday but my 6.4% never got lent out. Some people also got 6.3% on rolling. Is that a record for this year? Rolling is hardly any different from the 5 Year market these days, apart from the fact you can cash in for free but suffer a 14 day ban on reinvestment for doing so.
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smezz
Posts: 180
Likes: 73
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Post by smezz on Aug 28, 2018 12:25:21 GMT
Looks like they are struggling with the morning repayment run on the 5% today.
Don't think anything paid back so far.
They seem to be slowing the lending down to a crawl but a backlog is building.
It could all go bang very quickly!
edit: big chunk of lending ~ £30k just gone through at 6.2%.
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Stonk
Stonking
Posts: 735
Likes: 658
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Post by Stonk on Aug 28, 2018 12:59:20 GMT
Looks like they are struggling with the morning repayment run on the 5% today.
Don't think anything paid back so far.
They seem to be slowing the lending down to a crawl but a backlog is building.
It could all go bang very quickly!
edit: big chunk of lending ~ £30k just gone through at 6.2%.
It's often like this after a long weekend. The earlier 5 Year loans have repaid, but not the later ones (i.e., don't worry, it's happening).
In the meantime, the rates on 5 Year may be artificially high. Once the automated orders go on the market, they will likely be at a lower rate than is available now.
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cb25
Posts: 3,523
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Post by cb25 on Aug 28, 2018 15:26:00 GMT
Just got a match at 6.3%
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mb
Posts: 38
Likes: 11
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Post by mb on Aug 28, 2018 17:11:40 GMT
Now 8.4%.
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Post by brokenbiscuits on Aug 28, 2018 17:12:31 GMT
Used to invest a few years ago. Not really followed rates for some time but know they were closer to 5% when I was pulling out. 6.5 or so average back when I used to invest. looking at putting a little in to spread about my money a little more, as very heavy in the stock market as it stands. Consistently 6+ would be enough to pull me back in for a few grand.
Saying that, I can see 1 year market above 8% right now! What’s that all about? Is it always this “wobbly”?
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Post by ratrace on Aug 28, 2018 19:25:12 GMT
Glad l got my money lent out over the weekend at 6.2%. As there now seems to have been flood of money gone into the 5 year market and rates have now crashed to 5.2%.
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arby
Member of DD Central
Posts: 910
Likes: 959
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Post by arby on Aug 28, 2018 22:18:03 GMT
Glad l got my money lent out over the weekend at 6.2%. As there now seems to have been flood of money gone into the 5 year market and rates have now crashed to 5.2%. Pretty volatile today- but been fun! I did similar to you and chickened out after leaving my money waiting at 6.4% for a week and instead took 6.2%.
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smezz
Posts: 180
Likes: 73
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Post by smezz on Aug 28, 2018 22:53:06 GMT
Looks like they are struggling with the morning repayment run on the 5% today.
Don't think anything paid back so far.
They seem to be slowing the lending down to a crawl but a backlog is building.
It could all go bang very quickly!
edit: big chunk of lending ~ £30k just gone through at 6.2%.
It's often like this after a long weekend. The earlier 5 Year loans have repaid, but not the later ones (i.e., don't worry, it's happening).
In the meantime, the rates on 5 Year may be artificially high. Once the automated orders go on the market, they will likely be at a lower rate than is available now.
Stonk is right.
The reinvestment must have been coming in fairly steadily this morning and matching immediately as it was mostly at a lower rate than the borrowers were prepared to pay.
This made lending from the queued money look really slow as it was interleaved with the repayment money.
Eventually over £1m repayments came in at the lower rates and showed up when the borrowing queue was empty.
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