ashtondav
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Post by ashtondav on Aug 13, 2017 9:39:14 GMT
Wishful thinking or could we see tastier rates later this month?
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puddleduck
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Post by puddleduck on Aug 13, 2017 10:17:26 GMT
Wishful thinking or could we see tastier rates later this month? Well this is really a crystal ball question, and yours is a good as mine or anyone elses! I would not want to be lending money unsecured for 5 years regardless of rates. I do not think Ratesetter will be around in 5 years, I expect a number of platforms to fail (no one is making money), and anything much over 18 months feels risky to me. No crystal ball, just reading the runes.
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Post by beeje13 on Aug 13, 2017 11:28:37 GMT
Wishful thinking or could we see tastier rates later this month? Well this is really a crystal ball question, and yours is a good as mine or anyone elses! I would not want to be lending money unsecured for 5 years regardless of rates. I do not think Ratesetter will be around in 5 years, I expect a number of platforms to fail (no one is making money), and anything much over 18 months feels risky to me. No crystal ball, just reading the runes. A few platforms are making money. A few more would be were they not reinvesting for growth. If you are using FCA certified platforms, you could argue platform failure isn't a huge problen due to wind-up processes being in place and your lending is directly with the borrower anyway. Obviously it's not ideal, and Ratesetter is not FCA certified but it is trying to be. Capital coverage of the Ratesetter provision fund is over 300% of expected losses last time I looked.
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warn
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Curmudgeon
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Post by warn on Aug 13, 2017 12:52:27 GMT
...I do not think Ratesetter will be around in 5 years, I expect a number of platforms to fail (no one is making money)... In five years, I prophesy that the following WILL still exist. In alphabetical order: Assetz Capital Ratesetter Zopa I have no confident view of any others. If there is still a "here", and indeed still an "I", then I'll come back here five years from today to either crow or eat my liver. Unless Google Calendar has also packed up by then, of course...
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ashtondav
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Post by ashtondav on Aug 14, 2017 10:59:57 GMT
...I do not think Ratesetter will be around in 5 years, I expect a number of platforms to fail (no one is making money)... In five years, I prophesy that the following WILL still exist. In alphabetical order: Assetz Capital Ratesetter Zopa I have no confident view of any others. If there is still a "here", and indeed still an "I", then I'll come back here five years from today to either crow or eat my liver. Unless Google Calendar has also packed up by then, of course... Funding Circle, as well, surely?
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pip
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Post by pip on Aug 14, 2017 18:37:11 GMT
Well this is really a crystal ball question, and yours is a good as mine or anyone elses! I would not want to be lending money unsecured for 5 years regardless of rates. I do not think Ratesetter will be around in 5 years, I expect a number of platforms to fail (no one is making money), and anything much over 18 months feels risky to me. No crystal ball, just reading the runes. A few platforms are making money. A few more would be were they not reinvesting for growth. If you are using FCA certified platforms, you could argue platform failure isn't a huge problen due to wind-up processes being in place and your lending is directly with the borrower anyway. Obviously it's not ideal, and Ratesetter is not FCA certified but it is trying to be. Capital coverage of the Ratesetter provision fund is over 300% of expected losses last time I looked. Trying and failing to be fca regulated worries me more than not trying at all! It's been going on years now. Just a backlog, really ? Others were authorised ages ago.....
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jonah
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Post by jonah on Aug 14, 2017 19:18:01 GMT
In five years, I prophesy that the following WILL still exist. In alphabetical order: Assetz Capital Ratesetter Zopa I have no confident view of any others. If there is still a "here", and indeed still an "I", then I'll come back here five years from today to either crow or eat my liver. Unless Google Calendar has also packed up by then, of course... Funding Circle, as well, surely? Whilst I'm not investing any cash with them, I'd agree FC are another likely survivor for the medium term.
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kermie
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Post by kermie on Aug 14, 2017 21:08:51 GMT
Funding Circle, as well, surely? Whilst I'm not investing any cash with them, I'd agree FC are another likely survivor for the medium term. FC will probably still be around. But let's ask a slightly different question and see if you still think FC form part of the answer: which platforms will be around in 5 years and actually a proper profitable business (i.e. no longer relying on cash injections / share-issues to generate growth and profits)?
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ashtondav
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Post by ashtondav on Aug 15, 2017 9:39:52 GMT
I would say the same four. But for Zopa it will depend on the new bank's investment requirements.
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oldgrumpy
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Post by oldgrumpy on Aug 26, 2017 18:35:25 GMT
6.1% empty - 6.2% being matched now.
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jlend
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Post by jlend on Aug 26, 2017 19:12:31 GMT
6.1% empty - 6.2% being matched now. 6.4% being matched now
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Post by johnny on Aug 26, 2017 19:39:28 GMT
6.1% empty - 6.2% being matched now. 6.4% being matched now I fully recommend Lidl and it's red wine, after one bottle I saw the 5 year rate at 6.7%, good stuff, didn't know it was going to have that effect
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mb
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Post by mb on Aug 26, 2017 19:43:34 GMT
SEVEN
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mb
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Post by mb on Aug 26, 2017 19:52:27 GMT
8% : astonishing!
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Post by stevepn on Aug 26, 2017 20:05:08 GMT
8.4%. I bet they don't last the 5 year term.
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