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Post by bobthebuilder on Jan 18, 2017 17:51:27 GMT
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Post by bobthebuilder on Jan 16, 2017 4:35:41 GMT
I doubt whether loans that don’t pay interest monthly are GBBA-eligible. I’ve acquired parts of more than 30 loans in my GBBA account in less than three months, and every one of them is scheduled to make interest payments monthly (and all but one has).
It’s possibly worth pointing out that the return advertised for the GBBA is a 7% annualised rate, and with interest being paid monthly that equates to a monthly interest rate of 6.79%, not 7%.
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Post by bobthebuilder on Nov 2, 2016 7:42:04 GMT
Re #364 R****** F******** M********* Limited, AC seems to be asking us to lend our financial support to a company whose principal activity is plaguing the nation with unsolicited phone calls about PPI reclaims. Seriously? Far be it from me to suggest that RFM disregards people’s Telephone Preference Service registration in the pursuit of their bottom line, but if my personal experience is anything to go by, they would be an industry exception if they didn’t.
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Post by bobthebuilder on Oct 20, 2016 11:30:34 GMT
I did, and still don't see a credit to my holding account for the interest - but we haven't reached the end of today yet, and my rolling market repayments on 17/10 wouldn't have generated more than a few pennies interest anyway.
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Post by bobthebuilder on Oct 18, 2016 17:40:56 GMT
All paid back on mine now, although they didn't have the decency to pay the extra day interest. Same outcome for me. Just as well that the amount due on that particular day was only small
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Post by bobthebuilder on Oct 18, 2016 6:06:34 GMT
Rolling market repayments for today have come through, but those for yesterday seem to fallen into a black hole
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Post by bobthebuilder on Oct 17, 2016 3:26:14 GMT
westonkevRS No repayments processed tonight - can someone give the box a kick please?
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Post by bobthebuilder on Sept 21, 2016 23:52:21 GMT
When I click on the 'View Full Market' link in the attached screenshot, I get the message "Sorry that file is not on this server, please check and try again. " Is anyone else seeing this, and if so, can it be fixed please?
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Post by bobthebuilder on Sept 20, 2016 23:53:24 GMT
i doubt that AC have enough loan capacity to increase the cap by much. There's £34.5M in the QAA/30DAA at the moment. Do we have any idea what the cap is? Just out of curiosity, where does your figure of £34.5M come from? I can't find it anywhere on AC's website.
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Post by bobthebuilder on Aug 26, 2016 0:20:10 GMT
Perhaps it's a measure of the attractiveness of Wellesley as an investment proposition that they've been reduced to the status of a sub-board on this forum
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Post by bobthebuilder on Jul 29, 2016 5:56:52 GMT
Can someone give the box another kick please westonkevRS - it's broken again
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Post by bobthebuilder on Jul 28, 2016 7:21:13 GMT
The whole of last night's batch run seems to have failed. No market rates published for today and consequently no repayments posted
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Post by bobthebuilder on May 26, 2016 20:32:38 GMT
No minutes I’m afraid, but I did just want to say how much I appreciated the amount of work that clearly went into preparing for the evening.
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Post by bobthebuilder on Apr 25, 2016 10:21:15 GMT
I long ago gave up trying to understand people prepared to lend for 3 years at 2.8% when even those who have maxed out the loss-leading current accounts can currently get a FSCS-guaranteed 3 year fixed rate bond paying just 0.3% less. Of course if people choose to behave irrationally that is entirely up to them, but I am concerned that the pile of cheap money on the 3 year market may tempt RS to use it to finance 5 year loans. westonkevRS, you’ve previously said that only a small proportion of money in the monthly market is used to finance loans longer than two years. What’s the policy regarding lending money on offer in the 3 year market? What proportion is used to fund 4 and 5 year loans? Also can you explain the deluge of early repayments in the 3 year market recently (18 for me in the last week and a half), since you say it is unrelated to the early settlement by your commercial partner in the real estate industry.
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Post by bobthebuilder on Apr 9, 2016 12:32:20 GMT
I don’t think the complaint is entirely unreasonable. At present if I have a substantial loan on the monthly (sorry, rolling) market maturing on a Friday and I don’t fancy extending it for a further month at 2.1% (which thanks to Ratesetter’s latest promotion is the level at which matches are currently occurring), then I can’t get my money back until late Monday afternoon. By contrast I would receive the proceeds of maturing 30 day loans with Wellesley the same day (Friday) provided the loan was for more than £1000 and instructions were given before midday. There’s no banking reason why RS can’t give same day value, it’s purely a matter of policy.
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