jonah
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Post by jonah on Jan 22, 2016 22:12:51 GMT
Despite the last matched rate being 6.1% in the 5 year market, all my 6.4% (about 5 of them) have been matched, and still more than £200k looking for a home. Are we looking for a long overdue rate blip? Some 6.5 has gone. I was second in the queue at that rate, so it might only have been a little.
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registerme
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Post by registerme on Jan 22, 2016 23:52:28 GMT
Despite the last matched rate being 6.1% in the 5 year market, all my 6.4% (about 5 of them) have been matched, and still more than £200k looking for a home. Are we looking for a long overdue rate blip? Some 6.5 has gone. I was second in the queue at that rate, so it might only have been a little. Forgive the ignorant question, but how do you know where you are in the "queue"? Cheers, RM
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Post by westonkevRS on Jan 23, 2016 6:52:09 GMT
Hi registerme, Within the logged-in members area, click on whichever market your interested in under 'Your Portfolio' from the left hand menu. There is a plus tab called "unmatched money", this shows you where you are currently in the queue. You can drill further in from here to see the actual market and your position in it. Of course this queue can get longer if new money joins at a chosen lower rate or if the overnight reinvestment comes in on a lower Market Rate. Kevin.
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adrianc
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Post by adrianc on Jan 23, 2016 9:24:51 GMT
Despite the last matched rate being 6.1% in the 5 year market, all my 6.4% (about 5 of them) have been matched, and still more than £200k looking for a home. Are we looking for a long overdue rate blip? Some 6.5 has gone. I was second in the queue at that rate, so it might only have been a little. I'd got a £10 marker in 6.5 - hadn't been there THAT long, so wasn't right up at the very front. It went.
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jonah
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Post by jonah on Jan 23, 2016 9:40:10 GMT
Some 6.5 has gone. I was second in the queue at that rate, so it might only have been a little. Forgive the ignorant question, but how do you know where you are in the "queue"? Cheers, RM Following westonkevRS comments, the reason I knew I was second at 6.5 is there was precisely £10 ahead of me at that rate. I'd been waiting a long time but figured it was a good marker. This morning my second (and last) 6.5 money was also matched. That had over 100k ahead iirc so quite a lot of cash cleared through.
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Post by westonkevRS on Jan 23, 2016 10:22:10 GMT
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registerme
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Post by registerme on Jan 23, 2016 10:45:44 GMT
Hi registerme , Within the logged-in members area, click on whichever market your interested in under 'Your Portfolio' from the left hand menu. There is a plus tab called "unmatched money", this shows you where you are currently in the queue. You can drill further in from here to see the actual market and your position in it. Of course this queue can get longer if new money joins at a chosen lower rate or if the overnight reinvestment comes in on a lower Market Rate. Kevin. Thanks westonkevRS.
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agent69
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Post by agent69 on Jan 23, 2016 11:51:20 GMT
Mark Carney said at a speech in London on Tuesday "Now is not yet the time to raise interest rates"... The governor of the bank of England is giving advice to RS on their interest rates? That doesn't seem fair
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spiral
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Post by spiral on Jan 24, 2016 9:13:10 GMT
But we set the rates and I'm not listening. <fingers in ears> la la la la
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dermot
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Post by dermot on Jan 25, 2016 11:37:04 GMT
Wonder what happens then - monthly run for salaries/wages? VAT and supplier payments due? Dermot
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Steerpike
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Post by Steerpike on Jan 27, 2016 16:27:16 GMT
I had a decent size loan mature and intended to withdraw it at the weekend but thought that I would leave it at 4.1% in the one year market just in case. Much to my surprise it just matched. Reasonably pleased with 4.1% for one year money.
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Post by westonkevRS on Jan 27, 2016 21:19:25 GMT
Wonder what happens then - monthly run for salaries/wages? VAT and supplier payments due? Dermot People get paid near the end of the month and then the start. Not many companies pay salaries (for lenders to then invest) in the middle of the month. But also a lot of borrowers choose their payment date near the end of the month or the very start, and this lender repayment money is usually reinvested by lenders. The size of reinvested money is lower in the middle of the month. Borrower demand is relatively stable through the month, but supply from lenders (either new money from salary/pension, or reinvestments) varies hugely through the month. My personal lending direct debit is set for the 21st of every month! Kevin.
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toffeeboy
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Post by toffeeboy on Jan 28, 2016 9:32:04 GMT
Following westonkevRS comments, the reason I knew I was second at 6.5 is there was precisely £10 ahead of me at that rate. I'd been waiting a long time but figured it was a good marker. This morning my second (and last) 6.5 money was also matched. That had over 100k ahead iirc so quite a lot of cash cleared through. I got my £250 leant out at 6.5% on the 23rd and the bugger repaid this morning, I hate it when then do that
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agent69
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Post by agent69 on Jan 28, 2016 14:57:29 GMT
In the 5 year market there's £430k of borrower offers at 6.1%.
Nearly enough to take out my cash waiting at 6.4%.
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toffeeboy
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Post by toffeeboy on Jan 28, 2016 15:01:12 GMT
In the 5 year market there's £430k of borrower offers at 6.1%. Nearly enough to take out my cash waiting at 6.4%. Strangely it says it is just 2 orders though so it looks like an error somewhere along the line
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