4.8% in 5 year market at moment | P2P Independent Forum

4.8% in 5 year market at moment Dec 18, 2019 9:53:16 GMT

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Post by aju on Dec 18, 2019 9:53:16 GMT

Dec 18, 2019 9:08:57 GMT Stonk said:

Dec 18, 2019 1:27:33 GMT aju said:

Looking at the current queue on the 1Y they would only have to put 250k into it and even the 10% ones might get a touch. Mind you there were some people recently on Trustpilot withdrawing large sums so perhaps that has a bearing too. certainly enough money to cover the current 251.5k queue twice over or more.

I doubt RS would let it happen. Something an RS representative once said a long time ago leads me to believe there are checks in place to prevent a borrower order taking out the whole order book unless RS explicitly permits it. More likely they would let it sit at an attractive level and attract lenders.

If it did happen, then it would be intentional, similar to the time a few months ago when Rolling matched up to 10%. RS allowed that to happen (quietly at a weekend) because a large backlog of RYIs had developed and lenders were getting nervous about how long it was taking to RYI.

Sadly i only had minimal amounts to even try and to be honest I'd rather get an acceptable rate say 5-6% and stick rather just get sold off in days because rate was not desired by the lender. I have just checked and my 5.7% was not hit. There is now almost 600k ahead.