MarkT
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Post by MarkT on Jul 26, 2017 15:18:12 GMT
I have 22 days to go until my bonus, so put something onto Rolling at 3.6% and got a fully matched order at 22.14pm But this morning I noticed it had been repaid already - the money seemed to have been on loan for no more than 1.5 hours before being repaid! Down to 3.2% again at the moment (which is far too low for me personally) This happened to both myself and my wife, also fully matched at 22:14 and also repaid 1.5 hours later. Strange. Perhaps RS thought 3.6 was too generous and cancelled the loans.
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Post by dabbler on Jul 26, 2017 18:42:21 GMT
And now a loan issued at 3.1% on 24th has repaid - what's going on? RateSetter seems to have produced dysfunctional market.
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Post by investor1925 on Jul 27, 2017 7:39:43 GMT
I watch today's rolling market with great interest.
There's £2.1 million of borrower offers & only £1.9 million of lender offers this morning. First time I've seen that kind of balance since I can't remember.
Its going to be interesting to see where the rates go.
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m2btj
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Post by m2btj on Jul 27, 2017 10:09:34 GMT
I watch today's rolling market with great interest. There's £2.1 million of borrower offers & only £1.9 million of lender offers this morning. First time I've seen that kind of balance since I can't remember. Its going to be interesting to see where the rates go. I'll be watching with interest too! A nice reversal on the too many lenders chasing too few borrowers scenario seen so often before. In theory the rates could hit 10% plus but I can't see this happening somehow!
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robski
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Post by robski on Jul 27, 2017 10:45:44 GMT
Now reversed, £1.8 to borrow and £2.2M available
I suspect a later matching again today.
Funds have been steadily matching and rates did get up to 3.9, but lenders keep coming along and undercutting rate
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Post by Deleted on Jul 27, 2017 14:35:31 GMT
Just got matched in the rolling market at 3.6%. Very different story from a couple of weeks ago.
I'm hoping for some good rates in the 5 year market now.
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robski
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Post by robski on Jul 27, 2017 16:16:16 GMT
Just got matched in the rolling market at 3.6%. Very different story from a couple of weeks ago. I'm hoping for some good rates in the 5 year market now. 5 year is definately going up, could well be matching at 5.5% today or higher if any bigger amounts are needed. Rolling seems to be peaking around 3.6%, with injections of cash clearly coming in around that amount. Market rate for rolling could be around 3.3 tomorrow if there are fairly decent amounts of roll over tonight, with the 28th of June being a weds there should be a decentish amount, but 28th May was a sunday.
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Post by ruralres66 on Jul 28, 2017 10:46:13 GMT
Higher, .......... and higher!
Borrowers Rate >>3.9% £1.5m 3.8% £554.4k 3.7% £96,395.15
Lenders £770,511.51 3.6% £35.0k 3.5%
Matches last 24 hours: 12972
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Post by stevepn on Jul 28, 2017 13:41:24 GMT
Higher, .......... and higher! Borrowers Rate >>3.9% £1.5m 3.8% £554.4k 3.7% £96,395.15 Lenders £770,511.51 3.6% £35.0k 3.5% Matches last 24 hours: 12972 What will the rates be in 1 months times, I believe it will be back to low rates. Ratesetter have took "their" money to pay off the bad debts and soon they will be wanting it back at the expense of higher rates.
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puddleduck
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Post by puddleduck on Jul 28, 2017 15:35:57 GMT
I have managed to get a reasonable amount placed at 3.7% and 3.8% yesterday and today, most for a 1 month period on rolling, although one 3.8% set is due to repay on 08/08/2017
I will keep in at 3.7+ but do not feel inclined to lend around 3% as 3.75% is always available at Assetz, backed by security, if it goes back to 3% when my bonus pays out, I go.
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puddleduck
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Post by puddleduck on Jul 29, 2017 6:02:21 GMT
Rolling is back down to 2.8% with around 3 million between 2.8% and 3.9% and no 'borrowers'
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Post by stevepn on Jul 29, 2017 9:14:11 GMT
Rolling is back down to 2.8% with around 3 million between 2.8% and 3.9% and no 'borrowers' It's often like that on a weekend, it should be back to normal Monday.
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robski
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Post by robski on Jul 31, 2017 8:47:42 GMT
For rolling again there is less showing as available than the rolled over loans...!
£9.2M to match and £8.2M available
Be interesting to see how much extra comes in to help get RS out of paying excessive interest
Suspect matching will also be late today, even though unusually the system seemed to process the overnight very quickly last night
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Post by p2plender on Jul 31, 2017 13:17:09 GMT
For rolling again there is less showing as available than the rolled over loans...! £9.2M to match and £8.2M available Be interesting to see how much extra comes in to help get RS out of paying excessive interest Suspect matching will also be late today, even though unusually the system seemed to process the overnight very quickly last night This is nothing new.
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spiral
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Post by spiral on Jul 31, 2017 16:53:29 GMT
Can someone explain to me how RS can have several million awaiting matching in the rolling market?
This must all be money that has rolled over today and as such must have been repaid to the previous lenders. But how can that be. It can only be repaid once matched to a replacement lender. For what we are seeing to have happened, RS must be taking the loans on their own books for a sub 24 hour period or worse still, using the money that is already on the market but showing as not matched until they decide the rates are low enough for them to accept.
I wonder what they'd do if all the lender offers were simultaneously withdrawn.
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