smezz
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Post by smezz on Jan 21, 2019 7:28:22 GMT
The catch up is slow today - £5k at 6.4% on borrowers queue at 06:30.
Smezz jr has some small repayments due today which I want to reinvest.
Rather than waiting for the repayments, I deposited the equivalent amount and got immediate 6.4 match.
By the time the repayments actually come in I guess the rate will be about 5.5%!
I will withdraw the money so me and jr are 'square'.
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mark123
Member of DD Central
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Post by mark123 on Jan 21, 2019 14:11:17 GMT
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 believe that the "borrower rate" is not determined by the rate the borrower is paying. I understand that RS puts loans on the borrowing queue at a lowish rate and periodically move up .1% until they reach matches in the lending queue. It forms the loan from the lowest matches, using the oldest offers at each rate. So the borrower pays the rate that their credit score dictates. RS sources the funds at the blended lender rate. And RS running costs are met from the difference.
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aju
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Post by aju on Jan 21, 2019 14:37:00 GMT
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 believe that the "borrower rate" is not determined by the rate the borrower is paying. I understand that RS puts loans on the borrowing queue at a lowish rate and periodically move up .1% until they reach matches in the lending queue. It forms the loan from the lowest matches, using the oldest offers at each rate. So the borrower pays the rate that their credit score dictates. RS sources the funds at the blended lender rate. And RS running costs are met from the difference. mark123 , Thanks for that its an interesting theory and as I read it before I got to the RS bit I started to think is this how RS funds their loans. If it is then its in RS interests to hold daily lender rates as low as possible and for as long as possible, that would explain the rates peaking perhaps later in the day, sadly all of their stats data they make public are averages as far as I can tell.
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cb25
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Post by cb25 on Jan 21, 2019 15:55:18 GMT
1yr currently offering 5.4%, with £510K Borrowers offers at 5.4%, £101K Lenders offers at 5.5%
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Post by erniec on Jan 21, 2019 16:22:45 GMT
Choose your rate:
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ceejay
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Post by ceejay on Jan 21, 2019 16:40:05 GMT
Total borrower demand - £722k Total lender supply (all the way up to 10%) - £440k
There might be some high matches today, with the caveat of course that they may not last long.
As luck would have it, I had some 1Y money come in unexpectedly early today, which had been lent out at lower rates than these. What a tragedy.
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aju
Member of DD Central
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Post by aju on Jan 21, 2019 16:58:45 GMT
That's an interesting thought ceejay , looking at the top end as well as the bottom. I've just thought of something that I have not seen anyone else mention (apologies if they did and I missed it) but one of the things when I came to lend out today's new funds I was looking at the smezz approach of split lending on the same offer and changed my mind a little since there was little difference between 6.5% and 6.4% and things are sort of queuing on the 6.5% I put one on the 6.5% and then I looked at the other items below that and saw that some of them had very low numbers of lenders and sums of money. I decided to poke some at the 6.4% which when I lent on it it had only 27k and it had only 100 offers whereas the 6.5% has 880 lenders and over .5 mill still. I'm not sure if this is a good strategy or not but I'm also mindful of increasing the stab options.
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Post by gricehead on Jan 21, 2019 17:05:04 GMT
1yr currently offering 5.4%, with £510K Borrowers offers at 5.4%, £101K Lenders offers at 5.5% That £500k at 5.4% disappeared around 17:00, without materially affecting the amount offered by Lenders...
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Post by fiatlender on Feb 4, 2019 20:27:11 GMT
Just a heads up as there is currently £639k of borrower money waiting to be matched on the 1yr, so could push rates close to 6% later, already at 5.2%.
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Post by faraday815 on Feb 11, 2019 19:09:15 GMT
Still hovering at 5.0%
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Post by stevepn on Feb 14, 2019 16:57:51 GMT
5.5% at the moment.
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lobster
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Post by lobster on Feb 15, 2019 7:05:37 GMT
For me, the home page indicates that 5.3% is available , but when I actually drill down into the 1 year availability, there is no borrower queue at all !! Just lender offers all the way down to 3% . I've noticed this before - that the availability stats on the homepage are incorrect
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smezz
Posts: 180
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Post by smezz on Feb 15, 2019 7:29:37 GMT
5 year lend queue looks low < £1M maybe good rates this w/e?
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ashtondav
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Post by ashtondav on Feb 15, 2019 9:10:11 GMT
My 6.3% wedge was hoovered up last night in 5 year. The weekend could be tasty...
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markdirac
Member of DD Central
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Post by markdirac on Feb 15, 2019 19:42:01 GMT
Why is this?
Scarcity of lenders fearful of Brexit consequences for the economy?
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