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Post by oppsididitagain on Jan 19, 2019 9:36:59 GMT
just got 6.4% on 5y, might have to move up to 6.5% for next round could this be that there are people pulling funds and i'm just slipping into old loans. That said this loan is a full 5y one, the previous one last night was a 4 year one!. I doubt it, but you might be correct, as RS charge you a hefty 1.5% on capital to withdraw money in the 5Yr Lendingworks.co.uk is currently 6.5% in the 5%yr. with only 0.6% on capital withdrawal Anyone can PM me via messages on the forum and I'll send anyone a link for a new joiner and we both get £50 when you lend some cash :-) I do think something strange is going on in the rolling still as my orders at 4.2% just been filled :-)
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Post by erniec on Jan 19, 2019 9:43:04 GMT
Mrs aju is in for 6.5% but there is quite a bit in front of her (£757k at present) so not convinced it will hit as yet. There's a few more hours left of today though so she may be lucky... Sunday evening in the last 2 weeks of the month is your best bet. I'm holding out for 6.5% too. M. In that situation, I would grab the 6.4%.
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r00lish67
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Post by r00lish67 on Jan 19, 2019 10:13:59 GMT
just got 6.4% on 5y, might have to move up to 6.5% for next round could this be that there are people pulling funds and i'm just slipping into old loans. That said this loan is a full 5y one, the previous one last night was a 4 year one!. Lendingworks.co.uk is currently 6.5% in the 5%yr. with only 0.6% on capital withdrawal With the big caveat that if LW raise their rates again then the outgoing lenders pay the difference. A 0.5% p.a. rise could quickly see RS's fee exceeded.
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Post by oppsididitagain on Jan 19, 2019 11:14:51 GMT
Lendingworks.co.uk is currently 6.5% in the 5%yr. with only 0.6% on capital withdrawal With the big caveat that if LW raise their rates again then the outgoing lenders pay the difference. A 0.5% p.a. rise could quickly see RS's fee exceeded. Thats a fair point, personally I don't see rates goings much higher, or even higher at all on the LW platform. However as you say, needs to be taken into consideration. Just been filled 2K @ 4.4% in rolling :-)
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aju
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Post by aju on Jan 19, 2019 11:41:30 GMT
just got 6.4% on 5y, might have to move up to 6.5% for next round could this be that there are people pulling funds and i'm just slipping into old loans. That said this loan is a full 5y one, the previous one last night was a 4 year one!. I doubt it, but you might be correct, as RS charge you a hefty 1.5% on capital to withdraw money in the 5Yr Lendingworks.co.uk is currently 6.5% in the 5%yr. with only 0.6% on capital withdrawal Anyone can PM me via messages on the forum and I'll send anyone a link for a new joiner and we both get £50 when you lend some cash :-) I do think something strange is going on in the rolling still as my orders at 4.2% just been filled :-) Okay so 6.4%, still with 17k headroom, has just flown out 2 minutes ago on the 5Y so things are looking likely perhaps for Mrs Aju's 6.5% even though there is still 651k of headroom to come down (It was 750k yesterday so some people are probably moving the levels around and money is being lent too). P2P's don't charge me as I've never paid to sell in the last 10 years or more of being in P2P. For us it's a long game with the money in our P2P investments, mind you the divi returns on our shares are very good too. I'm not that familiar with LW as I am a Zopa stalwart of some years who is just branching out a little bit. I had a lot of conversations with a number of people across this forum before I even opened up the RS accounts 2 months or more ago even if I fail we will still have made £250 on the initial investments. I liked the idea of the PF, albeit itself not that safe, and then I liked the idea of better rates but all told I liked the idea of getting better rates being in my control rather than at the whim of the platform as Zopa now is. It is fun writing code to create an extension in chrome that allows me to see a sort of ticker of changes on the lending. I can look at it or not as I desire. The rolling is at 4.1% and if it follows the pattern of 5Y then I reckon it may even lift up higher than 4.2% who knows there are quite a few hours in the day left but I guess RS might step things up too.
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aju
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Post by aju on Jan 19, 2019 11:51:57 GMT
Sunday evening in the last 2 weeks of the month is your best bet. I'm holding out for 6.5% too. M. In that situation, I would grab the 6.4%. yeah I get it that going for extra 0.1% is not much different but I'm getting these stabs of late within a day of putting the money on the market. I'm keeping track of the timing and watching it on my reload tickers. It is quite a bit of fun and its a learning for me too. My zopa stuff is really just monthly now apart from the daily withdrawals from the Invest side that we both have as we run the non ISA side down. It does seem over the past few days that RS has started to move upwards rates wise. I'm sure that there is a potential cutoff point too of loans not lasting that long when the rates are higher and in a few cycles of relending I'll reach a happy medium. (There is only 10.3k left in 6.4 before it jumps to sucking 6.5% funds - isn't this "exciting", haven't had this much fun since the brexit votes earlier in the week!).
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smezz
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Post by smezz on Jan 19, 2019 16:00:16 GMT
Think I would go 10% of investment in 6.5% and 90% in 6.4.
Could take 2,3 weeks or longer to get 6.5 - not sure if it's worth it.
I got loaded up with 6.8% and a tiny bit of 6.9 a few months ago and am 'unwinding' but SMEZZ jnr is reinvesting paid back money and got 6.4 yesterday and earlier in the week.
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aju
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Post by aju on Jan 19, 2019 17:00:24 GMT
okay so now all the 6.4% is gone at the moment, and i'm down to 615k above us. might peel off a couple of hundred k more today and then i'll be closer for tomo or the next day ... mind you i notice there is no more customers in the 1 yr and rolling is getting a bit low. Does RS switch things around a little when other markets get low. As I was writing this another 7k was swept away and I moved even closer to the front... as nothing was lent out since 10 minutes ago then I'm guessing someone switch positions to grab some of the 6.3 or 6.4 someone put just shy of 300 into the 6.4 and then someone lent out onto 6.5 @ 17:06. i got another 6k closer to the front again.
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aju
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Post by aju on Jan 19, 2019 17:12:44 GMT
does anyone know if they close 6.4 and then open 6.5 do they got to the back of the relevant level they set each time they set it. Im guessing each level is lilo (last in last out) based but I thought someone might know.
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mark123
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Post by mark123 on Jan 19, 2019 18:27:04 GMT
Does RS switch things around a little when other markets get low? I believe they are independent with different classes of loans going into rolling, one-year and five-year queues (property, motor etc.) does anyone know if they close 6.4 and then open 6.5 do they got to the back of the relevant level they set each time they set it? I'm guessing each level is lilo (last in last out) based but I thought someone might know. I believe that loans are put on the borrowing queue at a lowish rate and periodically move up .1% until they reach a rate where there are items in the lending queue when they match the oldest offer (first in first out).
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smezz
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Post by smezz on Jan 19, 2019 19:24:03 GMT
does anyone know if they close 6.4 and then open 6.5 do they got to the back of the relevant level they set each time they set it. Im guessing each level is lilo (last in last out) based but I thought someone might know.
Yes you always go to the back of the queue.
I sometimes put two orders at the same level so I can move some of the money (usually to lower %) but leave the rest in the other queue.
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aju
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Post by aju on Jan 19, 2019 19:27:42 GMT
does anyone know if they close 6.4 and then open 6.5 do they got to the back of the relevant level they set each time they set it. Im guessing each level is lilo (last in last out) based but I thought someone might know. Yes you always go to the back of the queue.
I sometimes put two orders at the same level so I can move some of the money (usually to lower %) but leave the rest in the other queue.
That's an interesting approach that hadn't occurred to me, i'm guessing my relend money would do that as I have that set artificially high so i can catch it but also allow the possibility of a wide sweep catching it as well..
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aju
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Post by aju on Jan 20, 2019 10:45:45 GMT
So I did not get the 5y 6.5% last night it dropped a little headroom, that's life I guess - it did look close though. So at present there is
lenders 6.0% £816 145 orders 5.9% £4,494 442 orders
borrowers £3,465 5.8% 1 order £1,615 5.7% 1 order
So does Rs match these with the lenders orders and then try and get a lower rate on the loans or do the borrowers orders have to match with the lenders orders. In other words in any given loan is there a mix of high interest and low interest to get the average of the borrowers rate.
I've just turned on machine and am watching both full list and the market tables and have a 20 sec delay on my tickers so i can see what happens on each screen.
The 5y income was 6.3 @10:22 but it dropped to 5.9 @ 10:38
I looked at the rate trends in the "Data Hub" statistics and downloaded the datadump.csv and it seems the last time it hit 6.5% on hte 5y was 30th Oct 2018 in fact for rates Oct 2018 was very good as it jumped up to 6.7 on the 14,20 and 29 22/10 - 2 of those were mondays. That said I'm not holding out much hope of this being a rise of similar nature.
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smezz
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Post by smezz on Jan 20, 2019 21:32:39 GMT
I can't answer your detailed questions but the best rates are usually Sunday for obvious reasons (barring bank hols).
Occasionally the Monday 'catch up' run is late starting and/or slow so new Monday borrowers force the rate up higher, then the catch up lending money comes in and rates can go way down by the afternoon/evening.
I got my 6.9% on Oct 17th to 21st.
Hope that helps.
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aju
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Post by aju on Jan 20, 2019 23:31:50 GMT
I can't answer your detailed questions but the best rates are usually Sunday for obvious reasons (barring bank hols).
Occasionally the Monday 'catch up' run is late starting and/or slow so new Monday borrowers force the rate up higher, then the catch up lending money comes in and rates can go way down by the afternoon/evening.
I got my 6.9% on Oct 17th to 21st.
Hope that helps. Yep it does thx, an interesting thing is that the 5y ratetrends data (ratefeed or datadump csv's) shows what looks like the market rate for those date ranges shows as 5 Year Income 16/10/2018 6.5% Tue 5 Year Income 17/10/2018 6.5% Wed 5 Year Income 18/10/2018 6.4% Thu 5 Year Income 19/10/2018 6.3% Fri 5 Year Income 20/10/2018 6.3% Sat 5 Year Income 21/10/2018 6.5% Sun 5 Year Income 22/10/2018 6.7% MonSo if your dates are correct then it would seem that your theory of Sun/Mon might be correct. I used the csv data and excel as it's easier to see the data than on the rate trends screen I feel. (I'm still waiting for my 6.5 hit but the headroom on my offer has reduced to 508k, it went down further earlier today - sun - but recovered again. I think though its just lenders moving their rates around unless someone knows better)
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