robski
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Post by robski on Feb 22, 2019 8:55:52 GMT
I split mine into target chunks of £100, to me its a nice balance on how long it takes to become impossible to sell (around 6 months of the loan left for a 5 year loan) and the annoyance that its lent initially at a decent rate but if it repays early then the rates are possibly lower.
All you are doing by lending in smaller blocks is smoothing, you will get closer and closer to the average the more you split it up. The average on rates, the average on early repayments, the average on defaults (PF payments)
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mary
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Post by mary on Apr 7, 2019 18:38:38 GMT
It’s Sunday evening, there are ZERO Borrower offers, and £12m of Lenders offers, and the new ISA season will likely attract even more Lenders to shove in a wedge next week.
As per last year, I’m going to forget about RS for at least 2 months until rates come back to be more attractive.
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sd2
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Post by sd2 on Apr 8, 2019 10:05:39 GMT
It’s Sunday evening, there are ZERO Borrower offers, and £12m of Lenders offers, and the new ISA season will likely attract even more Lenders to shove in a wedge next week. As per last year, I’m going to forget about RS for at least 2 months until rates come back to be more attractive. Will they come back? I am thinking about there new system. ie averaging over 28 days rather than 1 day. I am just going by the last 2 weeks, I have had nothing at 5.5% (one year market) and nothing at 6.4% on the 5 year market. Or is this just the time of year?? Or both?
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mary
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Post by mary on Apr 8, 2019 13:20:59 GMT
It’s Sunday evening, there are ZERO Borrower offers, and £12m of Lenders offers, and the new ISA season will likely attract even more Lenders to shove in a wedge next week. As per last year, I’m going to forget about RS for at least 2 months until rates come back to be more attractive. Will they come back? I am thinking about there new system. ie averaging over 28 days rather than 1 day. I am just going by the last 2 weeks, I have had nothing at 5.5% (one year market) and nothing at 6.4% on the 5 year market. Or is this just the time of year?? Or both? If you look at the Rate Trends data page, you will see a very significant drop in the MR in early April. The rates slowly edged back higher over the next 1-3 months. With the new, 28 days rolling MR calculation, it will likely take a further month to see any improvement.
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aju
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Post by aju on Apr 9, 2019 11:36:37 GMT
Will they come back? I am thinking about there new system. ie averaging over 28 days rather than 1 day. I am just going by the last 2 weeks, I have had nothing at 5.5% (one year market) and nothing at 6.4% on the 5 year market. Or is this just the time of year?? Or both? If you look at the Rate Trends data page, you will see a very significant drop in the MR in early April. The rates slowly edged back higher over the next 1-3 months. With the new, 28 days rolling MR calculation, it will likely take a further month to see any improvement. Or worse a further reduction - perhaps! I do hope not though.
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Post by gravitykillz on Apr 9, 2019 12:32:49 GMT
This is to do with supply and demand and normal during this tax season. As more people dump isa money rates drop. Should pick up in a couple of months. There are other p2p lenders like lending works who offer rates of 6.5% for 5 years or 5% for 1 year.
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Post by propman on Apr 9, 2019 13:22:37 GMT
This started before the tax year. Do you think significant money was put on for 2018/9?
Certainly the recent reduced lending has paid a part, the 28 day averaging has lead to an irresponsive market from a significant proportion of money added to the market (the Mr Money). Forget >5.9% for the next month in my opinion. Yearly has been more volatile and could have responded, but I don't know how much money will be used from rolling market to delay any recovery.
- PM
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sd2
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Post by sd2 on Apr 10, 2019 18:05:46 GMT
This is to do with supply and demand and normal during this tax season. As more people dump isa money rates drop. Should pick up in a couple of months. There are other p2p lenders like lending works who offer rates of 6.5% for 5 years or 5% for 1 year. Although 6.5% is what you are supposed to get, when I checked the other day it said I was actually getting 5.83%. There is a bit of money drag with lending works. Note I only have about £1500 in lending works.
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aju
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Post by aju on Apr 10, 2019 18:10:15 GMT
This started before the tax year. Do you think significant money was put on for 2018/9?
Certainly the recent reduced lending has paid a part, the 28 day averaging has lead to an irresponsive market from a significant proportion of money added to the market (the Mr Money). Forget >5.9% for the next month in my opinion. Yearly has been more volatile and could have responded, but I don't know how much money will be used from rolling market to delay any recovery.
- PM It's to be expected that many people will topup their end of tax year amounts to ensure they get full cover of the 20,000 allowance as well.
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ashtondav
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Post by ashtondav on Apr 11, 2019 8:42:40 GMT
This started before the tax year. Do you think significant money was put on for 2018/9?
Certainly the recent reduced lending has paid a part, the 28 day averaging has lead to an irresponsive market from a significant proportion of money added to the market (the Mr Money). Forget >5.9% for the next month in my opinion. Yearly has been more volatile and could have responded, but I don't know how much money will be used from rolling market to delay any recovery.
- PM It's to be expected that many people will topup their end of tax year amounts to ensure they get full cover of the 20,000 allowance as well. You get even more cash drag at RS if you want 6.5%...
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aju
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Post by aju on Apr 11, 2019 11:34:20 GMT
It's to be expected that many people will topup their end of tax year amounts to ensure they get full cover of the 20,000 allowance as well. You get even more cash drag at RS if you want 6.5%... You could say!. At the moment the 4.2m buffer on the 5Y is sitting at 6.0% last night when I moved my lending to 5.8% it was sitting at 5.9% but I guess I was not in there in time.
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cb25
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Post by cb25 on Apr 11, 2019 11:40:20 GMT
You get even more cash drag at RS if you want 6.5%... You could say!. At the moment the 4.2m buffer on the 5Y is sitting at 6.0% last night when I moved my lending to 5.% it was sitting at 5.9% but I guess I was not in there in time. There's still £4.2m at 5.9% and £1.1m at 6.0%
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macq
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Post by macq on Apr 11, 2019 13:04:12 GMT
Its a shame really that the RS way of working does not allow them to do the same as LW have and put in a rate lock for the last and first month ISA season
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aju
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Post by aju on Apr 11, 2019 13:13:03 GMT
You could say!. At the moment the 4.2m buffer on the 5Y is sitting at 6.0% last night when I moved my lending to 5.% it was sitting at 5.9% but I guess I was not in there in time. There's still £4.2m at 5.9% and £1.1m at 6.0% yeah, its not looking that great I guess, I've left my money at 5.8%, its better than zopa and a bank so I'll settle for that at the moment. Its only 170k short in the 5.8 queue so may go tonight may go tomo perhaps. Its not the best time to be putting money in I guess but hey its still better than 0%. Mind you 3 weeks ago I was getting 6.4-6.6 those were the days ....
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aju
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Post by aju on Apr 11, 2019 13:14:16 GMT
Its a shame really that the RS way of working does not allow them to do the same as LW have and put in a rate lock for the last and first month ISA season Why would you need to do that when you are getting the kind of levels at the moment they are getting. I guess its a P2P companies market ...
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