oldgrumpy
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Post by oldgrumpy on Aug 7, 2016 15:57:01 GMT
My 5yr in RS averages over 6%.(I usually attain 0.2%-0.5% above the "matching" figures which show during the day) - just recently rates have been borderline low. Don't reinvest for less. Looking at BM and people's opinions. Only heard of it recently, but aren't rates inching down?
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locutus
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Post by locutus on Aug 7, 2016 16:26:17 GMT
My 5yr in RS averages over 6%.(I usually attain 0.2%-0.5% above the "matching" figures which show during the day) - just recently rates have been borderline low. Don't reinvest for less. Looking at BM and people's opinions. Only heard of it recently, but aren't rates inching down? I don't think they're inching down. They have a target 7% after fees and defaults and I think they're beating that rate at the moment for most investors. For money that is not in SS, MT and FS, I think it is the best place to be.
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Post by yorkman on Aug 7, 2016 16:34:27 GMT
My 5yr in RS averages over 6%.(I usually attain 0.2%-0.5% above the "matching" figures which show during the day) - just recently rates have been borderline low. Don't reinvest for less. Looking at BM and people's opinions. Only heard of it recently, but aren't rates inching down? I don't think they're inching down. They have a target 7% after fees and defaults and I think they're beating that rate at the moment for most investors. For money that is not in SS, MT and FS, I think it is the best place to be. "Most investors beating 7%" Are you on the right forum? **** Ah - I see now that you are referring to BM not RS. Confusing as this is the RS forum. Apologies. ****
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Post by moneymagnet on Aug 7, 2016 16:48:27 GMT
My 5yr in RS averages over 6%.(I usually attain 0.2%-0.5% above the "matching" figures which show during the day) - just recently rates have been borderline low. Don't reinvest for less. Looking at BM and people's opinions. Only heard of it recently, but aren't rates inching down? I don't think they're inching down. They have a target 7% after fees and defaults and I think they're beating that rate at the moment for most investors. For money that is not in SS, MT and FS, I think it is the best place to be. They're not inching down, but plummeting as I see it. I watch the rates virtually every day. I was getting 6.4% just a few months ago and now I can't seem to get 6%. I really won't settle for less than 6%. I might as well drip feed the money into a safe regular saver, put it back in my safe TSB current account at 5%, or put it into MT, FS, or SS.
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locutus
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Post by locutus on Aug 7, 2016 16:50:13 GMT
I don't think they're inching down. They have a target 7% after fees and defaults and I think they're beating that rate at the moment for most investors. For money that is not in SS, MT and FS, I think it is the best place to be. They're not inching down, but plummeting as I see it. I watch the rates virtually every day. I was getting 6.4% just a few months ago and now I can't seem to get 6%. I really won't settle for less than 6%. I might as well drip feed the money into a safe regular saver, put it back in my safe TSB current account at 5%, or put it into MT, FS, or SS. Are you talking about BM or RS??
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locutus
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Post by locutus on Aug 7, 2016 16:51:45 GMT
I don't think they're inching down. They have a target 7% after fees and defaults and I think they're beating that rate at the moment for most investors. For money that is not in SS, MT and FS, I think it is the best place to be. "Most investors beating 7%" Are you on the right forum? Again - are you talking about RS or BM? I'm talking about BM. I'm well aware of the poor rates on RS which is why I suggested BM to our simian friend.
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ashtondav
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Post by ashtondav on Aug 7, 2016 17:07:36 GMT
Whats BM? Can't see anything on the top level forum with the initials BM.
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locutus
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Post by locutus on Aug 7, 2016 17:09:29 GMT
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Post by dualinvestor on Aug 7, 2016 17:16:27 GMT
Whats BM? Can't see anything on the top level forum with the initials BM. BM= Bond Mason, a sort of fund of funds
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Post by moneymagnet on Aug 7, 2016 18:04:56 GMT
They're not inching down, but plummeting as I see it. I watch the rates virtually every day. I was getting 6.4% just a few months ago and now I can't seem to get 6%. I really won't settle for less than 6%. I might as well drip feed the money into a safe regular saver, put it back in my safe TSB current account at 5%, or put it into MT, FS, or SS. Are you talking about BM or RS?? I was talking about RS. Maybe I should check out BM if I could be getting 7% there.....
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Liz
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Post by Liz on Aug 7, 2016 18:40:25 GMT
Are you talking about BM or RS?? I was talking about RS. Maybe I should check out BM if I could be getting 7% there..... Or 12% on SS, MT, FS etc, b4 defaults of course.
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Post by moneymagnet on Aug 7, 2016 19:53:10 GMT
I do have some money that had been unmatched at RS going over to MT right now actually!
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Post by westonkevRS on Aug 8, 2016 5:45:53 GMT
And we are led to believe RS staff are hard at work on a sunny Sunday afternoon processing new borrowers' needs as they flood in?? Actually, RateSetter is the city that never sleeps. Perfect customers can be computer approved 24/7, and underwriters also work 7 days a week. There is a quirk that better risk quality customers apply for loans over the weekend (I recall Monday's being the worst), so I'm more than happy to be lending through the weekend... Volumes are lower, but still reasonable. Kevin.
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Post by westonkevRS on Aug 8, 2016 5:50:45 GMT
Basically, RS don't want to lend tomorrow at 6.0% (or even 5.9%), where the true lender market rate should be. Want, or Can't? Have you look on the loan comparison tables recently? Loans for 5 years start at 3.2% APR, it's a bloodbath. So unless you want RateSetter to go " down the risk curve" (and start moaning about bad rates), then it does help if rates are lower. This is a side effect of QE and low base rates, it's a great time to be a borrower with the lowest APRs for centuries - if you're an A* low risk borrower. Kevin.
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Post by jjtbjjtb on Aug 8, 2016 6:07:12 GMT
Here's another excerpt from the lower end of this morning's 5 year market (Monday at 06:45 am) . Over the weekend the actual transactions have been hovering at around 5.9%. I presume the 2942 orders at 5.4% are Ratesetter's attempt to suddenly reduce the going rate by half a percent, using money originating from the rolling and 1 year markets.
The market no longer seems fair.
Surely the 5 year market rate should be set by the investors actually lending in the 5 year market
Maybe Ratesetter could use any profit to boost the Provision Fund.
Rate On Offer Orders Cumulative
6.20% £315.2k 1919 £1.8m
6.10% £282.5k 1190 £1.5m
6.00% £763.0k 1546 £1.2m
5.90% £74.6k 152 £468.8k
5.80% £1.2k 20 £394.2k
5.70% £10.2k 17 £392.9k
5.60% £112 5 £382.7k
5.50% £13.9k 7 £382.6k
5.40% £364.5k 2942 £368.7k
5.30% £4,224 7 £4,224.83
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