annie
Posts: 45 
Likes: 16
|
Post by annie on Aug 16, 2017 13:11:05 GMT
Just wondering if anyone has actually managed to get totally out of RS, they gave us all the option in July and I get weekly updates saying it'll happen but will it? Was meant to take 30 working days so in theory I should be gone in two weeks time but I'm loosing faith.
|
|
bramhall17
Member of DD Central
Posts: 88 
Likes: 148
|
Post by bramhall17 on Aug 16, 2017 14:17:15 GMT
Having investigated further I decided not to pursue the sell out as it was complete closure. So I'm just reducing my exposure on a gradual basis and still therefore retaining the 5.8% 5 year on a declining size basis.
|
|
clay
Posts: 33
Likes: 22
|
Post by clay on Aug 16, 2017 14:21:04 GMT
I made the request via email on 2 Aug and got an automatic reply saying they'd be in touch. I'd heard nothing more until yesterday, when they sent out a mass email that said:
I wasn't expecting it to be instant so I don't mind waiting a bit, but the phrase "subject to market liquidity" has me worried.
|
|
|
|
Post by dan1 on Aug 16, 2017 14:32:44 GMT
Just wondering if anyone has actually managed to get totally out of RS, they gave us all the option in July and I get weekly updates saying it'll happen but will it? Was meant to take 30 working days so in theory I should be gone in two weeks time but I'm loosing faith. I received an email yesterday informing me that my account would be closed tomorrow. So, yes, the sell out has begun. Edit: sell-out requested on 18 Jul @ 22:42
|
|
|
|
Post by BrianC on Aug 16, 2017 16:52:50 GMT
When was the last date to apply. Guessing it's just gone?
|
|
annie
Posts: 45
Likes: 16
|
Post by annie on Aug 16, 2017 16:54:07 GMT
Yes clay, my concern too, depends on enough new money. However I should only be a day behind dan1 😃 |
|
|
|
Post by WestonKevTMP on Aug 16, 2017 21:51:40 GMT
Yes clay , my concern too, depends on enough new money. However I should only be a day behind dan1 😃 Actually it doesn't depend on new money. Alongside natural repayments and this (which includes £30m of loans repaid), liquidity shouldn't be a problem at all; www.londonstockexchange.com/exchange/news/market-news/market-news-detail/NSF/13317753.htmlAlthough RateSetter do look to have delayed the sell-outs to the maximum 30 days. But as these are account closures, it makes business sense. Kevin.
|
|
|
|
Post by BrianC on Aug 17, 2017 12:26:15 GMT
When was the last date to apply. Guessing it's just gone? To answer my own question.... Today! Decision time 🤔
|
|
|
|
Post by mukiwa on Aug 17, 2017 13:31:44 GMT
Oh goody! Hopefully rates will go up further with all this money being withdawn. Time to put more money in!!
|
|
Steerpike
Member of DD Central
Posts: 1,961
Likes: 1,680
|
Post by Steerpike on Aug 18, 2017 20:44:28 GMT
I have just received my sell-out confirmation, apparently I should see the funds in my bank account within 3 to 5 working days, but in fact the funds are already in my account.
|
|
agent69
Member of DD Central
Posts: 5,585
Likes: 4,181
|
Post by agent69 on Aug 19, 2017 8:44:31 GMT
I've had about 10% of my RS account repay early in the last 3 - 4 days. Is this the sell out in operation, or just coincidence?
|
|
nairda
Member of DD Central
Posts: 112
Likes: 43
|
Post by nairda on Aug 19, 2017 11:25:50 GMT
I've had about 10% of my RS account repay early in the last 3 - 4 days. Is this the sell out in operation, or just coincidence? Mrs N has had a small run of early repayments too.
|
|
|
|
Post by danegeld on Aug 19, 2017 11:52:21 GMT
I've had about 10% of my RS account repay early in the last 3 - 4 days. Is this the sell out in operation, or just coincidence? It almost certainly isn't coincidence - but I don't think it is a consequence of any request to sell out. I had over 15% of my 5yr portfolio repaid in the last 3 days, yet I chose to stay with RS and drawdown naturally. Interestingly, the contract date on most of these repayments was the same (30/03/17). My guess is that this is RS paying off some/all of the bad loans that they have taken a hit on.
|
|
jcb208
Member of DD Central
Posts: 819
Likes: 602
|
Post by jcb208 on Aug 19, 2017 16:54:09 GMT
I've had about 10% of my RS account repay early in the last 3 - 4 days. Is this the sell out in operation, or just coincidence? Mrs N has had a small run of early repayments too. I had 7 early repayments last night about 4 K as well
|
|
pfp
Posts: 12
Likes: 1
|
Post by pfp on Aug 19, 2017 17:57:17 GMT
I had my full funds in my bank account yesterday so all as promised. I have actually now opened a new account with RS and popped a few hundred in to keep my toe in the water....
|
|
