gt94sss2
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Post by gt94sss2 on Sept 11, 2015 0:58:23 GMT
This latest release of the aftermarket allows for fractions of a penny to be bought and sold which allows lenders to use up the final little parts of their funds and we have also reenabled the merging of loan units. However this then magnifies the discrepancies once again which is going to cause it to look like lenders are gaining pennies here and there, when they aren't actually doing so. You have already chosen so as least I know what is responsible for my account buying 0.0006699210599093013440000000000000200000 of a loan Have to say, I would have preferred keeping things rounded up/down to a penny - at least dislay wise if not behind the scenes
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gt94sss2
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Post by gt94sss2 on Sept 8, 2015 14:58:39 GMT
19.46%
This was due to a pre-funding pot of £2,337,400 for this £455,000 loan.
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gt94sss2
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Post by gt94sss2 on Sept 7, 2015 16:09:24 GMT
Could someone check the FP hamster hasn't gone walkabout please?
I transferred some funds (£250) to AC a few hours ago using my saved payment details but they haven't yet been credited to my account.
Cheers
EDIT - Thanks, it turned up at 17:16
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gt94sss2
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Assetz Capital (AC)
GBBA
Sept 7, 2015 16:06:56 GMT
Post by gt94sss2 on Sept 7, 2015 16:06:56 GMT
From my GEIA and GBBA account being fully invested over the weekend (which I was happy with) - they are now showing as £202.18 76.81 uninvested in the GEIA and 71.33 uninvested in the GBBA - no idea why.
The GEIA account has 10.5 pages of transactions for today alone so far - almost all in #180.
Also, for some reason on the statement/transaction page I can't choose which page to go too - I can only pick those listed (i.e. the ... functionaility I would expect isn't working
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gt94sss2
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Assetz Capital (AC)
GBBA
Sept 6, 2015 16:03:11 GMT
paul123 likes this
Post by gt94sss2 on Sept 6, 2015 16:03:11 GMT
chris, any news on this? ISTR the same question being asked about the green account. Should really have a solid answer by now... Yes, I raised it back in March when it happened with the GEIA
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gt94sss2
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Post by gt94sss2 on Aug 29, 2015 11:47:58 GMT
With many others, I haven't managed to invest in all the loans I would like with SS. But I also also have concerns about the new pre-funding model which mean I may not use it/shift some of my lending to other platforms.
Many of which have been expressed here already - buying loans without seeing the documentation especially with the new trust structure, needing to more actively manage my account, the risk of running up a BACS deficit when I may not have cash available etc. so I won't repeat them.
One thought that I imagine someone has already considered but is buying loans unseen in line with FCA rules?
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gt94sss2
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Post by gt94sss2 on Aug 8, 2015 12:59:04 GMT
I imagine that the supply problem can only get worse (at least until the first major loss.). More people are discovering p2p, ISAs are on the way and little chance of any significant rise in bank rate for a couple of years. I have also started getting lots of ad banners for SS so I imagine there will be even more investors if they are actively recruiting..
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gt94sss2
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Post by gt94sss2 on Aug 4, 2015 7:34:35 GMT
Possible I have missed any notification but FYI another managed electronic portfolio just went live on MT ー£700 max in he first 24 hours Hi gt94sss2, An email was sent out to all users on Friday at 9.45am. If you didn't receive it, please PM me with your email address and I will investigate. Regards, Ed Mea culpa - I've found the email - just surprised there was no mention of it here by anyone as well. In my defence, I was 40,000 feet in the air on a 12 hour flight when it was sent
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gt94sss2
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Post by gt94sss2 on Aug 3, 2015 15:09:55 GMT
Possible I have missed any notification but FYI another managed electronic portfolio just went live on MT ー£700 max in he first 24 hours
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gt94sss2
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Post by gt94sss2 on Jul 24, 2015 15:14:57 GMT
Does anyone know if the Piper loan is still due to be repaid today?
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gt94sss2
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Post by gt94sss2 on Jul 22, 2015 14:41:55 GMT
Does HMRC receive any information regarding interest payments at present from a) banks or b) P2P lenders? Yes, financial institutions have to report the amount of interest paid to HMRC. Yes - and also on IT systems to cross reference the information - which are getting better and better to the extent HMRC are going to start pre-populating these fields on their new online tax returns.
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gt94sss2
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Post by gt94sss2 on Jul 22, 2015 10:53:49 GMT
But it's not quite true that there's a need to declare it to HMRC. I think it's later this year that HMRC will start to use the quarterly savings interest reports that those deducting the ta x have to file to pre-fill tax returns and they may also start adjusting PAYE tax codes using the information after that. So no UK resident might then have to even tell HMRC about domestic untaxed or taxed interest because HMRC will tell them and they would only need to tell HMRC if there's a problem or relief to claim. With the computers taking care of most of this that's a significant avoidance of the need to push paper around. Ditto. I believe as part of the £1000 'tax free' personal allowance for interest coming in next April, the rules on the taxation of interest are also changing so that banks etc. no longer need to deduct 20% tax from everyone (unless registered for an R85 etc) As james indicates, HMRC plan to get details of interest earned directly from the institutions themselves. Their argument is that 95% of savers would fall within the new allowance anyway.. It doesn't make sense to abolish this regime for banks/building societies only to introduce it for p2p lenders at the same time. Regards Sunil
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gt94sss2
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Post by gt94sss2 on Jul 18, 2015 12:12:08 GMT
On the 'Your Loans' page, it would be good to add a field showing Units Available, next to the your holding/target fields
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gt94sss2
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Post by gt94sss2 on Jul 18, 2015 12:03:47 GMT
Something simple that AC could do is not to keep displaying their telephone number as 0207 870 1023.
It should be formatted as 020 7870 1023 - as the code for London is 020
As someone who took part in the recent fund raising, it would certainly make them appear that much more professional
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gt94sss2
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Post by gt94sss2 on Jun 26, 2015 23:15:21 GMT
As I indicated on this forum before, the functionality of "Your Rate" is changing. The blog is here: www.ratesetter.com/blog/article/the_way_we_calculate_the_market_rate_is_changing Change to “Your Rate”
“Your Rate” will become exactly that – those lenders who choose to re-invest at “Your Rate” will have their funds put on the market at that rate, with no other change made." An email was sent to all RateSetter customers with the "Your Rate" set today (this has gone to around 3,500 customers, of which I believe around 2,000 to be active lenders each month). As feedback, could I suggest the email should have gone to all lenders. While I don't currently use YR, I have in the past and might do so in the future and don't think its right for RS to only personally inform customers of these changes purely on the basis of who is using YR on once specific day. Some will obviously read this forum (as I do) or your blog (I don't) but not all.
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