mikeh
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Post by mikeh on Apr 11, 2019 20:56:03 GMT
can't find it on my laptop or iphone It's on Funds>Statement. Mine says 10.76%
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hazellend
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Post by hazellend on Apr 11, 2019 20:56:15 GMT
can't find it on my laptop or iphone I didn't want you to think I was spoon feeding you, its Funds, statement and look hard its fairly discreet. But for sure it will be on the screen as stated. Thanks, found it. 11.18%
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amwinv
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Post by amwinv on Apr 11, 2019 22:38:05 GMT
Late on parade again, so missed all the 25% discounts.
Do people think this will make a big difference? There doesn't appear to be any major purchases, just people nibbling around the edges. I think discounters are going to have to sweeten the current deals to shift significant volumes.
I was browsing pretty regular for a good chunk of the day. One loan hit 90% but only for a few hundred. Little else has been lower than 95% for long. Unless anyone's seen anything tasty, I think it's been largely quite tame.
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Post by sirkillalot on Apr 12, 2019 8:25:59 GMT
Late on parade again, so missed all the 25% discounts.
Do people think this will make a big difference? There doesn't appear to be any major purchases, just people nibbling around the edges. I think discounters are going to have to sweeten the current deals to shift significant volumes.
I was browsing pretty regular for a good chunk of the day. One loan hit 90% but only for a few hundred. Little else has been lower than 95% for long. Unless anyone's seen anything tasty, I think it's been largely quite tame. Agreed - this has not really had a major impact so far. In fact there is now slightly more loan parts up for sale than before the change.
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Post by Deleted on Apr 12, 2019 8:36:38 GMT
Patience, young padawans. Some of these sellers have been patiently waiting in queues for months. I bet many only log in every few days, in fact some may not even know about the changes at this point. Not everyone watches their email inbox constantly, salivating at the thought of the next MT email arriving I imagine it will slowly dawn on the millions of quid waiting to sell at par that they are being queue-jumped... but this won't happen overnight
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tarq
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Post by tarq on Apr 12, 2019 8:52:00 GMT
Whose going to cancel their 'at par' sale, say half way done the q, and relist at a discount, but still not sell, only to be 'back of the q again'?
NUL springs to mind.
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Post by queenvictoria on Apr 12, 2019 9:07:58 GMT
I've been successful in selling (Lpool and Scotl) at rates of 95-96%. I'm happy with that because I wanted the money out to get this year's ISA going.
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SteveT
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Post by SteveT on Apr 12, 2019 9:38:06 GMT
I was browsing pretty regular for a good chunk of the day. One loan hit 90% but only for a few hundred. Little else has been lower than 95% for long. Unless anyone's seen anything tasty, I think it's been largely quite tame. Agreed - this has not really had a major impact so far. In fact there is now slightly more loan parts up for sale than before the change. Reading anything much into the total "Available" figures is pretty pointless, IMHO. There is no downside to lenders leaving their parts in the Par queues so I doubt many will bother to cancel them, until / unless they're minded to sell instead at "market rate" (I have a Liverpool part very near the front of the Par queue which I'll simply leave there for now, even though I added to my Liverpool holding at 5.5% discount earlier today). Of greater relevance, the "Recent investments" lists show much more active trading than we saw previously, and anyone wishing to sell can do so for a (relatively) modest discount. At least, parts offered today at more than around 5% discount are being bought pretty quickly!
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Post by Ace on Apr 12, 2019 9:57:28 GMT
Whose going to cancel their 'at par' sale, say half way done the q, and relist at a discount, but still not sell, only to be 'back of the q again'?
NUL springs to mind.
I think the answer is: everyone who wants to move towards the front of the queue and is prepared to offer a small discount to do so. It seems to me that MT has gone from an illiquid market to a liquid one in one sensible swoop. I will be increasing my holding because of it.
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Post by df on Apr 12, 2019 13:20:32 GMT
Whose going to cancel their 'at par' sale, say half way done the q, and relist at a discount, but still not sell, only to be 'back of the q again'?
NUL springs to mind.
I did and actually managed to sell almost everything that was stuck in queues for many months. I've earned more interest on these loans than lost on discounted sales, so still in profit. NUL is not available for discounts as expected. If it was the discounts would've been very generous
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hazellend
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Post by hazellend on Apr 12, 2019 13:40:25 GMT
Is there a system in place to stop people listing at a discount and rebuy the discounted loan in their or relatives ISA?
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boundah
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Post by boundah on Apr 12, 2019 13:52:22 GMT
Is there a system in place to stop people listing at a discount and rebuy the discounted loan in their or relatives ISA? Nope. I've done it for all my non-ISA loans.
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hazellend
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Post by hazellend on Apr 12, 2019 14:02:55 GMT
Is there a system in place to stop people listing at a discount and rebuy the discounted loan in their or relatives ISA? Nope. I've done it for all my non-ISA loans. I suspect a lot of the discounts are probably people doing this then. Suspect it wold raise a red flag with HMRC but not sure how they would ever be able to track it
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Post by Deleted on Apr 12, 2019 14:10:51 GMT
Suspect it wold raise a red flag with HMRC but not sure how they would ever be able to track it Perhaps they could start with people openly admitting to doing it on a public forum
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boundah
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Post by boundah on Apr 12, 2019 14:48:46 GMT
Suspect it wold raise a red flag with HMRC but not sure how they would ever be able to track it Perhaps they could start with people openly admitting to doing it on a public forum I'm not too sure what the problem is. I put the loans onto the open market, so anyone could buy. If I get there fast enough I can buy the loan from my ISA account. Ablrate's worked that way ever since they opened their ISA.
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