nairda
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Post by nairda on Mar 8, 2017 15:30:40 GMT
Mrs Nairda still has some money in 5 year which we will be drawing down as it is repaid. The sellout fee for this money was just plain excessive so we have decided to risk letting it come back in its own good time.
What scares me most about RS at the moment is the volume of money going into Rolling which, as others have implied, stinks of the Northern Rock débâcle. Are they really borrowing short and lending long? If so how the heck are they getting away with it, or have I missed something?
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robski
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Post by robski on Mar 8, 2017 18:30:01 GMT
Mrs Nairda still has some money in 5 year which we will be drawing down as it is repaid. The sellout fee for this money was just plain excessive so we have decided to risk letting it come back in its own good time. What scares me most about RS at the moment is the volume of money going into Rolling which, as others have implied, stinks of the Northern Rock débâcle. Are they really borrowing short and lending long? If so how the heck are they getting away with it, or have I missed something? You missed the T&Cs of rolling So RS are in fact borrowing short-long (depends how long they need it to be), lending long
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nairda
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Post by nairda on Mar 8, 2017 20:51:35 GMT
Mrs Nairda still has some money in 5 year which we will be drawing down as it is repaid. The sellout fee for this money was just plain excessive so we have decided to risk letting it come back in its own good time. What scares me most about RS at the moment is the volume of money going into Rolling which, as others have implied, stinks of the Northern Rock débâcle. Are they really borrowing short and lending long? If so how the heck are they getting away with it, or have I missed something? You missed the T&Cs of rolling So RS are in fact borrowing short-long (depends how long they need it to be), lending long
Either way, when I see £millions going into Rolling and much smaller sums in 5 year it scares me.
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duck
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Post by duck on Mar 10, 2017 7:58:33 GMT
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adrianc
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Post by adrianc on Mar 10, 2017 8:12:36 GMT
83/4 is a fraction. Seriously - only 50,000 registered investors? Wow. That's FAR smaller than I'd have expected.
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elliotn
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Post by elliotn on Mar 10, 2017 8:31:57 GMT
Just a hundred or two then over the month, so what caused the warning email for unprecedented demand of customer services?
Got my shrapnel yesterday, doing my bit to clear the SM logjam.
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duck
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Post by duck on Mar 10, 2017 9:18:59 GMT
1% of 50,000 is 500, that seems very low to me just looking at this thread. A very small fraction of 500 takes us into the 10's Now either the journo has missed a zero off the investor numbers, a lot of the posters on this thread have been on the porkie pies or .......
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adrianc
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Post by adrianc on Mar 10, 2017 9:40:12 GMT
1% of 50,000 is 500, that seems very low to me just looking at this thread. A very small fraction of 500 takes us into the 10's Now either the journo has missed a zero off the investor numbers, a lot of the posters on this thread have been on the porkie pies or ....... ...or almost everybody who's taken the sell-out option has been vocal about it here.
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dandy
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Post by dandy on Mar 10, 2017 9:52:06 GMT
£700m (AUM) /£22,000 (average) makes ~ 31,800 lenders. So ~ 18,000 lenders have left at some point
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Post by GSV3MIaC on Mar 10, 2017 11:42:46 GMT
Just a hundred or two then over the month, so what caused the warning email for unprecedented demand of customer services? Got my shrapnel yesterday, doing my bit to clear the SM logjam. They ALWAYS send that email response about "unprecedented demand" (well they have done for as long as I've been a member) .. must be some new-fangled meaning of 'unprecedented'.
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oik
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Post by oik on Mar 10, 2017 12:16:02 GMT
I'd guess that only a fraction of those 50,000 have yet noticed there's been a change in the terms, fewer still who know what it was, and most of those only because they read it here rather than because they spotted it at the bottom of an email or in a blog. More used to banks and building societies who spell out every change of a dot or comma by letter.
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Post by mukiwa on Mar 10, 2017 20:05:38 GMT
I pulled my lot out of the 5, 3, and 1 year markets. Account stayed open so re-invested all (£410k ish) into rolling in the last couple of days. I have no problem with this. Hopefully if the sh*t hits the fan this forum will be way ahead of the rest to do something about it?
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r00lish67
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Post by r00lish67 on Mar 10, 2017 20:49:35 GMT
Maybe. Maybe not. The first we could know about a significant problem could be an e-mail from RS saying that the Rolling market has been disabled. I certainly hope not, but who can say?
Out of interest, are you only in RS, or diversified across a few platforms?
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Neil_P2PBlog
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Post by Neil_P2PBlog on Mar 10, 2017 20:51:33 GMT
Maybe we would note a marked fall in the provision fund?
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rick24
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Post by rick24 on Mar 10, 2017 21:12:53 GMT
£700m (AUM) /£22,000 (average) makes ~ 31,800 lenders. So ~ 18,000 lenders have left at some point I think 'registered lenders' would be people who signed up. They may not have lent any money.
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