corto
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one-syllabistic
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Post by corto on Jul 13, 2019 13:12:09 GMT
I have some ££ at 6% in the 5y queue. It was at 1.2m in the morning, but is at 1m now.
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aju
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Post by aju on Jul 13, 2019 13:17:20 GMT
I have some ££ at 6% in the 5y queue. It was at 1.2m in the morning, but is at 1m now. Yeah it might be a bit slower than I had thought as it seems to have only dropped £700 in thest 15 mins. I thin kI may have been a bit hasty.
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Post by Deleted on Jul 13, 2019 13:58:07 GMT
I expect some new money will be added at 5.9% over the weekend which will slow things down quite a bit.
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aju
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Post by aju on Jul 14, 2019 10:37:12 GMT
5.9% just went exhausted in the 5Y and its chipping away at the 6% I still have 896k to go but its shaved 50k off the4 6 in the last hour or so... Very tempting to move my money up to the 6.1% but then I'd have 1.2M in front again not sure its going to fly off the table that fast.
current matched rates as of 11:38 are
Rolling 4.2% 1 Year 4.3% 5 Year 6.0%
oops RS just dropped £962 into the 5.9% but its not lent yet ...
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Post by Deleted on Jul 14, 2019 14:21:12 GMT
Think Rolling may reach 4.9 or 5.0 and I'd prefer that to 6.0 in 5 year (with a total of 776k queued).
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aju
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Post by aju on Jul 14, 2019 16:09:34 GMT
Think Rolling may reach 4.9 or 5.0 and I'd prefer that to 6.0 in 5 year (with a total of 776k queued). I'm watching the rolling Lender market as well as my not yet matched 5Yq on left side of my screen and the latest LMR's on the right side. I'm using a reload extension to update all 3 screens every minute. The 5Y keeps dropping some lends at 6.0% every so often. Its really annoying that the last matched time in the LMR is no loaner there. It touched 4.5 on rolling a few minutes ago but dropped back to 4.4 on the LMR data and then jumped back to 4.5% looking at the full view of the Rolling it will be a 4.4 or lower next
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Post by p2plender on Jul 15, 2019 8:57:00 GMT
The kids on work experience in the RS IT department have tinkered so much that it appears investors are pulling out forcing rates up.
Nice one RS. Bunch of muppets!
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Post by propman on Jul 15, 2019 9:33:59 GMT
The kids on work experience in the RS IT department have tinkered so much that it appears investors are pulling out forcing rates up. Nice one RS. Bunch of muppets! Possibly, but lending increased last week back close to levels which were depleting the built up offers backlog and RS have reduced the info available to lenders. This latter is far more of a concern to me. Rightly or wrongly, I believe any IT issues are due to incompetence and poor management and believe that the PE backers will force management to address this. Of course some of the "issues" might be deliberate. What RS wants is the passive funds. Making active monitoring and lending harder is going to annoy the active lenders ion this platform and will cause some to withdraw or reduce funding. If they believe that making it difficult will make some potentially active lenders accept MR or "Lend now", they might think the loss of our funds a price worth paying.
while it annoys me, looking at the impact on lending that the reduced availability of cheap funds had in the 2 weeks to 6 July, I understand their concerns. RS has to tread a fine line of maintaining investment funds, providing adequately for the PF and increasing the competitiveness and hence demand for their loans. while I would love to lend again at 6.5% plus, I would rather have some loans at 5.9% than none at 6.5%! As someone who actively attempts to only participate in the higher rates achieved, I applaud any successes they have to attract and maintain sufficient funds to subsidise my loan portions.
- PM
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mark123
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Post by mark123 on Jul 15, 2019 11:19:41 GMT
What RS wants is the passive funds. Making active monitoring and lending harder is going to annoy the active lenders ion this platform and will cause some to withdraw or reduce funding. If they believe that making it difficult will make some potentially active lenders accept MR or "Lend now", they might think the loss of our funds a price worth paying. Thanks propman for your balanced and thoughtful contribution. Most business models have an "80/20 rule" - in this case: 80% of lending comes from maybe as few as 20% of lenders - and the product design must work for that 20%. The vision you suggest raises a big question for RS: will the relatively small number of big lenders accept MR? I believe in the model of two parallel streams: passive investors to keep average rates low plus active investors to fill the gap when demand exceeds supply. In this year's ISA season rates have been consistent and lowish. But there was a period when rolling rates went very high. It is likely that demand will exceed supply more often between July and April... that is when RS need to keep active investors on board. If active investors are disengaged by a perception that we are not wanted and a website that does not cater for us, there could be more frequent and extended periods of high rates which take RS into loss or out of the market. So, in my view, RS need a carefully designed website which attracts passive investors to keep routine rates low and attracts active investors to avoid peak rates getting too high. I see no sign that they have allocated staff with a clear vision to design this key aspect of their business. Good luck, Mark
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