spiral
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Post by spiral on Jun 11, 2015 12:05:04 GMT
If another platform (new or old) offers the old style no provision/safeguard offering and the ability to lend riskier loans for a larger return then I'll probably lend with that platform. Looks like you may be heading back to Zopa sometime soon then as they are exploring methods of offering non SG loans to "individual lenders". That said, it will still probably only bring their average rate up to RS's which is protected.
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Post by p2plender on Jun 11, 2015 13:39:07 GMT
wonder why these borrowers aren't sniffing around SS then given they'd be paying 12% ish.
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ramblin rose
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“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Jun 12, 2015 22:18:10 GMT
wonder why these borrowers aren't sniffing around SS then given they'd be paying 12% ish. Erm, no. 12% is what SS lenders get. You think SS are doing it for free? No, they are getting very much higher rates than that from the borrowers. Very much.
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Post by westonkevRS on Aug 14, 2015 19:02:25 GMT
Another great piece of analysis by AltFi.com showing a real divergence now in the P for P2P: www.altfi.com/article/1276_what_are_the_institutions_up_to_nowThere are a few quibbles that I can't correct here on competition/partner contract privacy grounds. For example we do have an institution in the form of the British Business Bank, who actually did more due diligence than any of our standard business partners! But overall not bad. @ westonkevRS
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Post by westonkevRS on Sept 17, 2015 17:13:47 GMT
So we've welcomed back an old friend: "RateSetter is once again opening its doors to a carefully defined measure of institutional capital" www.altfi.com/article/1363_ratesetter_reopens_to_institutional_fundsUltimately it's all about proportionality (we've talked about a maximum soft target of 30% funds from institions), a level playing field in the markets and definitely no cherry picking.... @ westonkevRS.
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jonbvn
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Post by jonbvn on Sept 17, 2015 19:10:09 GMT
So we've welcomed back an old friend: "RateSetter is once again opening its doors to a carefully defined measure of institutional capital" www.altfi.com/article/1363_ratesetter_reopens_to_institutional_fundsUltimately it's all about proportionality (we've talked about a maximum soft target of 30% funds from institions), a level playing field in the markets and definitely no cherry picking.... @ westonkevRS. You could hardly decline when they are one of your equity holders and they are limited to only 3% of total capital. Interesting to see that 2 other large UK platforms have 50-60% institutional money. Does that mean they are now officially B2P?
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jonah
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Post by jonah on Sept 17, 2015 19:28:21 GMT
Also known as banks?
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teddy
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Post by teddy on Sept 17, 2015 19:56:34 GMT
I assume this will take lenders back to the dark days of having £250,000 in borrower requests dumped on the 3 and 5 yr markets every morning to match all this institutional money that's no doubt going to be lent out at a full 1% below the usual market rate. . .just to, you know . . .keep the rates artificially low.
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Post by westonkevRS on Sept 17, 2015 20:45:38 GMT
I assume this will take lenders back to the dark days of having £250,000 in borrower requests dumped on the 3 and 5 yr markets every morning to match all this institutional money that's no doubt going to be lent out at a full 1% below the usual market rate. . .just to, you know . . .keep the rates artificially low. You'll have to trust me on this one. But those guys at P2PGI (i.e. a subsidiary of the hedge fund Marshall Wace) will not be wanting to keep any rates low. They'll be on your side hoping to manipulate force the rates upwards! westonkevRS
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jlend
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Post by jlend on Sept 17, 2015 21:51:57 GMT
So we've welcomed back an old friend: "RateSetter is once again opening its doors to a carefully defined measure of institutional capital" www.altfi.com/article/1363_ratesetter_reopens_to_institutional_fundsUltimately it's all about proportionality (we've talked about a maximum soft target of 30% funds from institions), a level playing field in the markets and definitely no cherry picking.... @ westonkevRS. Sounds like a good plan. Ratesetter has to keep growing to compete in the future and for economies of scale.
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pikestaff
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Post by pikestaff on Sept 17, 2015 22:54:25 GMT
It seems like good timing as rates have been drifting up to uncomfortable levels, but it will make my life harder.
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registerme
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Post by registerme on Sept 18, 2015 1:12:19 GMT
I assume this will take lenders back to the dark days of having £250,000 in borrower requests dumped on the 3 and 5 yr markets every morning to match all this institutional money that's no doubt going to be lent out at a full 1% below the usual market rate. . .just to, you know . . .keep the rates artificially low. You'll have to trust me on this one. But those guys at P2PGI (i.e. a subsidiary of the hedge fund Marshall Wace) will not be wanting to keep any rates low. They'll be on your side hoping to manipulate force the rates upwards! westonkevRSI'm struggling to see why the imprimatur of a hedge fund should be seen as a good thing .
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Post by brokenbiscuits on Sept 18, 2015 8:11:55 GMT
I assume this will take lenders back to the dark days of having £250,000 in borrower requests dumped on the 3 and 5 yr markets every morning to match all this institutional money that's no doubt going to be lent out at a full 1% below the usual market rate. . .just to, you know . . .keep the rates artificially low. You'll have to trust me on this one. But those guys at P2PGI (i.e. a subsidiary of the hedge fund Marshall Wace) will not be wanting to keep any rates low. They'll be on your side hoping to manipulate force the rates upwards! westonkevRSWas just about to post something along these lines. No issue here as long as it doesn't become apparent that there is some agreement on the maximum they can offer their money at, regardless of market conditions. If this is the last major bit of tinkering now. It's not terrible news. If this is what it takes for supply to meet demand, id rather have Constant institutional money if it stops a cash back offer every 3-6 months. We shall see
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oldgrumpy
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Post by oldgrumpy on Sept 28, 2015 14:38:41 GMT
I assume this will take lenders back to the dark days of having £250,000 in borrower requests dumped on the 3 and 5 yr markets every morning to match all this institutional money that's no doubt going to be lent out at a full 1% below the usual market rate. . .just to, you know . . .keep the rates artificially low. Well somebody didn't like the direction 3 year rates were heading this afternoon (when I transferred my piggy bank to 3 year aiming at 5.8% and a small queue). £250K of money has suddenly dropped in at 5.2% almost at the same time as another c£250K of borrower offers at 5.1% appears. Wot a coincidence! ... I think I'd better think it out again ... There's always the transfer out into the Wolves Sunbeam development on SS at 12% (+ 0.5% cashback)(watching the development in full swing for the last few weeks).
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teddy
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Post by teddy on Sept 28, 2015 16:39:06 GMT
RS now offering cashback of £20 for new customers deposting £200. Seems they're desperate for lenders.
Currently virtually no difference between the 3 and 5 yr rate. RS need to understand that no lender with a brain cell is going to lend at 5.7% for 5 years when the 3 year is 5.5%.
STOP MANIPULATING THE RATES BY DUMPING HUGE AMOUNTS OF MONEY ON THE MARKET!
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