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Post by ogwellian on Jun 2, 2016 11:22:36 GMT
I only buy C and D (very rarely get an E) and sell at par a couple days before third payment. 11.4% average return and no losses.
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Post by ogwellian on May 30, 2016 10:35:49 GMT
Delete
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Post by ogwellian on May 28, 2016 22:37:57 GMT
No you don't; SS may have suggested that you would continue to earn interest on loan parts you put on the SM but didn't follow through (I think because of some negative feedback at the prospect of this). When you go and sell a loan part you get the following message; The last sentence is ambiguous. Is it unpaid interest prior to sale or does it mean prior to being put on sale?
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Post by ogwellian on May 28, 2016 14:22:26 GMT
Precisely, so Lendy are obligated to pay interest aswell as capital "Old Lendy Ltd was responsible for covering all repayments and shortfalls as it acted as both the borrower and the lender to SS lenders." "Old If a loan went into Default, Lendy Ltd continued to pay interest at the normal rate of 1% per month. " Brian hi brian SS sent out a general email message on the 11th may, changing the way interest is paid to defaulted loans, We have made a slight change to our operating procedures for ‘loans in default’ (we have only ever had one to date) - once we declare a loan to be in default, instead of crediting interest to investor's accounts monthly, interest will accrue on account and will be paid once the loan capital is recovered. This rule will only apply to the loan in default and not other loans, which will operate as usual. Loans in default can continue to be traded on the secondary market. Our solicitors have advised us to implement this as the FCA perceives Lendy's own covering of the interest as a potential cashflow risk to the sustainability of the platform.
Im not 100% sure whether this covers all loans old or new t&cs but it certainly does not say it "does not" so i would err on the side of caution, i would guess it covers all loans, due to the FCA rules around sustainability. edit. afaik lendy/SS are free to change their t&cs at any time they like The red 'default' banner clearly says no more interest payments until sale. That's one of the two reasons why I sold yesterday when the default was notified.
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Post by ogwellian on May 27, 2016 14:09:09 GMT
Just sold all mine and upped my prefunding for tomorrow's two. No matter the T&Cs I prefer a photo to a big red 'Loan in Default' banner on my loan list!! I'm really not sure that upping your prefunding for tomorrows tiddlers will make the slightest difference To continue getting monthly interest on my capital, rather than waiting until the garden centre is sold?
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Post by ogwellian on May 27, 2016 13:58:31 GMT
Just sold all mine and upped my prefunding for tomorrow's two. No matter the T&Cs I prefer a photo to a big red 'Loan in Default' banner on my loan list!!
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Post by ogwellian on May 25, 2016 22:15:12 GMT
If you look under Choose a new product, you will see the current projected rates. Do they ever change? Always seem to be 3.5%, 4.5% and 6.5%. We've got two accounts with Classic and Plus. Currently Classic is getting 4.3% in one and 4.8% in the other. Plus in one is getting 11.2% (predicted 7%) and the other is 10.8% (predicted 6.7%).
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Post by ogwellian on May 20, 2016 15:50:20 GMT
Speeding up now. £326k per day, £960k queued. Just put another lump sum in, hopefully it will be fully loaned out within a week. This morning's deposit matched already.
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Post by ogwellian on May 20, 2016 10:14:29 GMT
Speeding up now. £326k per day, £960k queued.
Just put another lump sum in, hopefully it will be fully loaned out within a week.
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Post by ogwellian on May 6, 2016 12:40:33 GMT
My lump sum deposited on the 20th got matched this afternoon and is buying loan parts at 1% of its value as Zopa told me. So a £10k deposit will by £100 parts (£10k deposited in five £2k chunks will buy £20 loan parts). All lent this morning. So 16 days from deposit to fully invested. I'm averaging 11.1%, projected 7%. I've got a much larger sum in AC's GBBA which has a target 7% with asset backed and a provision fund. Hopefully, Zopa+ will do better and like FC the projected rate is on the pessimistic side.
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Post by ogwellian on May 6, 2016 8:15:59 GMT
Bloody 'I'm not a robot', did me in again!! Just have to stick to prefunding.
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Post by ogwellian on May 5, 2016 11:09:32 GMT
Was stuck on second registration page for many minutes showing "processing" before it timed out. Timed out on create your account page. Can't be asked to fill it all in again.
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Post by ogwellian on May 4, 2016 17:35:51 GMT
Thanks for your help.
All my P2P sites work fine with LastPass, except for Landbay. Can't even get just email and password.
Will have a go with Keefox.
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Wellesley & Co (W&Co) in Administration
Rate Reductions
May 3, 2016 21:51:37 GMT
Post by ogwellian on May 3, 2016 21:51:37 GMT
I've gone to Landbay, but also Assetz Capital's new 30 day notice account paying 4.25%.
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Post by ogwellian on May 2, 2016 15:55:18 GMT
Thanks, Chris.
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