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Post by landbayceo on Jul 21, 2017 11:52:27 GMT
The nature of mortgages is that they often draw down on Thursday & Fridays and we release funds 2-3 days before that. Loans are now drawing down every week & therefore we would anticipate in most cases them being deployed in a week but if there is a large influx of funds in a particular week then it may take longer - thus why we state 2 weeks.
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Post by beeje13 on Aug 6, 2017 14:26:15 GMT
I'm adding to my initial investment with Landbay, the amount of new loans has ramped up in the last couple of months. It's very much a hands off platform.
Also the new dashboard is very pretty!
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Post by 999william on Aug 8, 2017 16:32:39 GMT
Yes, the new dashboard is a big improvement, especially when viewing on mobile.
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puddleduck
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Post by puddleduck on Sept 2, 2017 7:28:52 GMT
I opened an account on the 20th August, the bank transfer was credited on the 22nd and I logged in yesterday to see the money had gone from the queue to invested. I put in 1k to get the 50 quid referral incentive to dip my toe in.
I am not planning to put too much in here as the rates are low (3.29% currently) but the site seems decent enough and well designed.
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djpix99
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Post by djpix99 on Sept 11, 2017 9:57:53 GMT
Has anyone recently deposited any funds into the Tracker rate product recently? Just wanting to get an idea of timescales to invest.
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macq
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Post by macq on Sept 11, 2017 21:51:16 GMT
they have been saying 2 weeks but that may change as they dropped their rates today!
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rgog
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Post by rgog on Sept 13, 2017 16:16:09 GMT
No longer investing in Landbay, the Fixed Rate is too close to the inflation rate to be worth the risk. Your real return on Tracker with inflation hitting 2.7 or some reports 2.9% is either .29 or .09% hardly compensating you for the risk and if you look at the RPI rather than the Governments preferred measure of CPI you are under water!
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macq
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Post by macq on Sept 13, 2017 20:45:42 GMT
think they market themselves against BS rates so on that basis they are in front at the moment
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puddleduck
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Post by puddleduck on Sept 14, 2017 6:34:53 GMT
I had no idea rates had dropped until the posts here.
Not worth doing now, I went in last month at 3% + libor and frankly that was only because of the 50 quid referral bonus (which is paid very quickly).
I will not do any peer to peer lending under 3% - and even so 3% still seems very low as I recall Santander123 accounts paying 3% only 12 months ago.
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macq
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Post by macq on Sept 14, 2017 7:39:06 GMT
you do wonder if they will struggle for money coming in but i think they are seen as a first step into p2p by many.When you think that Nationwide bs are doing a 5 year loyalty bond @ 1.65% some people will still be interested even at the new rates as the fixed rate is also for 5 years.Not in the tracker but assume the rate would go back up if there are rate rises so people would have a small buffer over savings rates
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puddleduck
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Post by puddleduck on Sept 15, 2017 8:06:26 GMT
Has anyone recently deposited any funds into the Tracker rate product recently? Just wanting to get an idea of timescales to invest. Hello, I put my 50.00 referral cash up for reinvestment on 8th September and I see today it's now invested. I never seem to get e-mails from Landbay so not certain when this happened it looks to have been about a week,
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Post by Landbay on Sept 15, 2017 9:41:53 GMT
Hi puddleduckWe sent an email out to all our investors about the rate changes last week - please could you check your junk folder? Alternatively, email support@landbay.co.uk and we can verify that you are signed up to our newsletter. Best wishes Landbay
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djpix99
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Post by djpix99 on Sept 15, 2017 16:03:13 GMT
Thanks puddleduck , my funds have also been invested within a similar timescale, now just awaiting my £50
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rgog
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Post by rgog on Sept 18, 2017 11:37:01 GMT
RPI (which includes property costs unlike the Governments preferred CPI, though they still use RPI when it is to their advantage) stands at 3.9%. Anything less than that and you are losing money.
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Post by dan1 on Sept 18, 2017 12:03:44 GMT
RPI (which includes property costs unlike the Governments preferred CPI, though they still use RPI when it is to their advantage) stands at 3.9%. Anything less than that and you are losing money. An alternative to CPI that includes housing costs is CPIH, which currently stands at 2.7%: www.ons.gov.uk/economy/inflationandpriceindices/timeseries/l55o/mm23The main difference between CPI and RPI variants is that CPI use the geometric rather than arithmetic mean calculation. Arithmetic indices are generally not used by other nations.
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