gg
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Post by gg on Dec 15, 2018 20:35:00 GMT
I like my money to be lent so I aim it at whatever rate is £300k in the queue. If the rate is too low I just place it at my target rate and wait.
GG
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aju
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Post by aju on Dec 15, 2018 23:50:29 GMT
I like my money to be lent so I aim it at whatever rate is £300k in the queue. If the rate is too low I just place it at my target rate and wait. GG Do you mean 300k cumulative or 300k on offer? Which queue, i asked about the 5y originally?.
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aju
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Post by aju on Dec 16, 2018 10:14:33 GMT
Okay so just started looking at the Lender markets and it would seem on the 1yr and the 5yr there are no borrowers is that normal, is it just a sunday thing anyone got any views on this one?.
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Post by gravitykillz on Dec 16, 2018 10:19:14 GMT
I have found that sunday evenings you usually get the best rates. Especially just before midnight.
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mickj
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Post by mickj on Dec 16, 2018 12:27:48 GMT
I have found that sunday evenings you usually get the best rates. Especially just before midnight. I find the same, it helps if you have funds pledged at the rate you will accept (this varies), there is 76k before 6% (885k) starts to be lent just now and I expect new funds will be placed lower to be lent quickly. It's a bit of a game, like you aju watching and learning. Edit 4:15pm £10 at 5.9% (so one could possibly pickup 5.8/5.9 quickly), 893k waiting at 6% large amounts above 6% rolling & 1 year still very low 3's.
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mark123
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Post by mark123 on Dec 16, 2018 17:43:44 GMT
I have found that sunday evenings you usually get the best rates. Especially just before midnight. Yes, I often get the best rates in the evening of the last Sunday of the month (except November & December). But please don't tell anybody.
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Post by gravitykillz on Dec 16, 2018 19:57:04 GMT
Rates in December have been poor. I remember getting over 4.5% on rolling in late October and early November. Even 5.9% on one year and 6.9% on the 5 year. Really only made one deposit in December on rolling at 3.8%. Otherwise just withdrawing and hoping January the rates will be better. Put a large chunk in lending works as well at 6.5% on the 5 year. Only issue with that is it is currently taking almost 2 weeks to get matched.
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ashtondav
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Post by ashtondav on Dec 17, 2018 9:10:48 GMT
December is a very slow month for lending. Probably the worst. January is the best month, so lick yer lips and get some money on the table
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aju
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Post by aju on Dec 17, 2018 11:37:24 GMT
So just logged into my account (11:30) for daily log screens and noticed that one of my £10 (6.0) was snapped up since last night. The rate at the moment is posting 6.0% @11:24 - may have been me may not have. At present there is n real info on the loan I have. I wonder will my 6.1, 6.2 and 6.3 get snapped up at some point soon maybe who knows.
On Zopa I can see when my loan is taken up in statements data, I know that RS has a date of the loan but not sure if there is any further timing details.
Any Ideas anyone.
Edit: Last sweep of the rates tables just shows it dropped to 5.9% @11:38 - my monitors are set at 1 minute intervals.
Lender Offers Rate On Offer Orders Cumulative 6.3% £190.3k 1869 £1.7m 6.2% £314.7k 2887 £1.5m 6.1% £412.8k 1142 £1.2m 6.0% £790,563.35 2682 £790,563.35
Borrower Offers Rate On Offer Orders Cumulative 5.9% £262.64 1 £262.64 5.7% £1.8k 1 £2.1k 5.6% £22 1 £2.1k 5.5% £12.9k 2 £15.1k 5.3% £5.3k 1 £20.3k 5.2% £12.0k 2 £32.3k 5.0% £22.2k 1 £54.6k
Edit2: Last sweep of the rates tables just hit 6.0 again @ 11:54 then dropped back to 5.9 so its definitely peaking for some lenders.
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benaj
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Post by benaj on Dec 17, 2018 14:14:56 GMT
Lots of money being lent on RS, I estimate there's at least 7 Mil from reinvestment each week. RS is the one to decide the matched market rates, but some of us can follow the trend I suppose. Let's hope it's not too far away.
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aju
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Post by aju on Dec 17, 2018 14:53:26 GMT
Lots of money being lent on RS, I estimate there's at least 7 Mil from reinvestment each week. RS is the one to decide the matched market rates, but some of us can follow the trend I suppose. Let's hope it's not too far away. 5y dropped right down to 5.6%. I'm not in it but the 1yr seems to have stalled at 11:21 with lack of borrowers. Perhaps there is a borrower run waiting in the pipeline Edit: 5Y Jumped back up to 5.8 @ 15:02, Nope as I write this its back up to 6.0 @ 15:03 perhaps I might get a sniff at 6.1 after all mind you there is a lot of money in there. The 1y also jumped back into life and hit 4.9 @ 15:06
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benaj
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Post by benaj on Dec 17, 2018 15:07:48 GMT
My guess some of the £7mil waiting in the queue is already agreed to be lent out. RS must have some complex and clever algorithm to balance the lenders orders and borrowers to reduce some level of cash drag of each market. Average loan term on Ratesetter is 26 months, shorter loans can be lent on 5 year market and longer loans can be lent on the rolling market. RS decides how to match the money. p2pindependentforum.com/post/291554/thread
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aju
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Post by aju on Dec 17, 2018 15:29:03 GMT
The 5Y dumped right back down to 5.6 and it looks like an Extra 1M was dumped in as well if the 5.9 spot is anything to go by. Perhaps there was a run of repayments ended in the last 10 mins. Does RS hold this stuff back or is it just that they have a number of processes running throughout the day to even out the load.
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gg
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Post by gg on Dec 17, 2018 22:30:48 GMT
I like my money to be lent so I aim it at whatever rate is £300k in the queue. If the rate is too low I just place it at my target rate and wait. GG Do you mean 300k cumulative or 300k on offer? Which queue, i asked about the 5y originally?. Cumulative. HTH gg
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aju
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Post by aju on Dec 17, 2018 22:34:38 GMT
Do you mean 300k cumulative or 300k on offer? Which queue, i asked about the 5y originally?. Cumulative. HTH gg thx
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