pom
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Post by pom on Dec 11, 2019 11:05:12 GMT
Not sure who you're expecting to answer, looks like the rep hasn't logged on in over 3yrs
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pom
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Post by pom on Dec 11, 2019 11:01:00 GMT
I assume its because pooling was across all loan cohorts, and now returns are dependent on cohort performance.
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pom
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Post by pom on Dec 10, 2019 13:03:18 GMT
You could also say Goji are in run-down, as there's probably still some folk waiting for their investments to end at the end of Feb I assume given they halted accepting new in March. And when does Landbay count as entirely closed what with ISA transfers?
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pom
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Post by pom on Dec 6, 2019 14:06:07 GMT
Err do we REALLY have to do it twice for regular and ISA accounts ?!?!?! (ugh looks like it as no lend buttons on my ISA account) We are working on a fix for that - it is not a feature! I will mark yours as OK POM I already did it - figured you might fix it for me but wanted to finish what I wanted to do and get on with other stuff...thanks anyway
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pom
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Post by pom on Dec 6, 2019 13:22:16 GMT
Err do we REALLY have to do it twice for regular and ISA accounts ?!?!?! (ugh looks like it as no lend buttons on my ISA account)
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pom
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Post by pom on Dec 6, 2019 11:21:45 GMT
If you remove cash from a flexible ISA, you can simply fund a new ISA, of a different type, immediately, up to the amount you withdrew. Incorrect - you are allowed to subscribe to one ISA of each type in a tax year The "Flexible" bit allows you to withdrawal and redeposit in the same year (previously "outs" didn't offset "ins") but doesn't relax the one a year rule Depends really if its current/past years cash. If it's past years cash then obviously it has to go back where it came from. If it's current years AND you remove ALL of it then its effectively as if you never subscribed in the first place....tho to be on the safe side it might be better to stick it in a different type of ISA. If you only withdraw part of it then it'd def have to go into another type
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pom
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Post by pom on Dec 5, 2019 14:29:51 GMT
Anyone arranging an ISA transfer out....don't forget its a different address to the regular LB address, so if you want it to happen more quickly use: Landbay,
133 Whitechapel High Street,
London,
E1 7AQ
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pom
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Post by pom on Dec 5, 2019 14:25:47 GMT
With the sudden closure of LandBay I find a need a Cash ISA pdq as for various reasons I don't want to do a transfer in to any of my other IFISAs right now (in fact I was going to do one TO my LB ISA soon). Normally I'd open one right at the end of the tax year for any unused "new money" that I'd then transfer out once the tax year flips over so convenience was more important than rate,but since I now potentially need one for several months the 0.65% Santander are offering really doesn't appeal! Looking on MSE suggests Virgin Money might be my best bet, so anyone here got any experience with them? Wondering how well they'll cope with a transfer FROM an IFISA...as a quick look only mentions transfers from cash/S&S Or anyone got any other suggestions? Want a good rate without tie-ins and no faff coming from an IFISA. Not bothered about it being flex...or maybe I should...
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pom
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Post by pom on Dec 5, 2019 13:38:55 GMT
And it is currently possible to log in and download tax statements. Not once they've paid out your classic account it'd seem. I can access nothing except v basic details...no statements...no info on my ISA. V poorly exectuted in my view landbayceo Edit ok, I was missing a link that was hidden by the cookies message
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pom
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Post by pom on Dec 5, 2019 12:59:30 GMT
Whilst I appreciate there may well have been reasons for the speed of all this, I'm not v appreciative of how its been handled. First email I noticed was the one confirming my entire balance had been withdrawn - which caused me to instantly fear someone had hacked me and taken my cash, and it was only after I tried to login that I then found the other email buried in seasonal stuff Meanwhile IFISAs can be withdrawn (how when you can't access it any more?) or transferred (again how, when you can't access account ref info any more?). I really think a little bit more notice would have been appropriate to give us time to plan what to do with the funds
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pom
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Post by pom on Dec 4, 2019 16:16:19 GMT
What I didn't like about this Festive Bonus is the sneaky clause that if you take ANY of your increased funding away then you lose the bonus on ALL of it. That's mean and I don't like it. But that's not new, all previous bonuses have required you to maintain the new increased level and they're not the only site that do that. On the plus side at least now the bonus is based on actual increase and not the tier it fell into so you can actually pay in what you want rather than having to go for set amounts to maximise your return.
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pom
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Post by pom on Dec 3, 2019 16:05:38 GMT
I think it might be time to be a little cautious with this Festive Bonus....... it looks too good to be true ... and it possibly is ... (see below). I notice that the terms and conditions of the festive bonus are different to all the previous bonuses Growth Street offered in that : "No bonuses will be payable, and any right to any bonus will be lost, on the occurrence of a Resolution Event in accordance with clause 6 of the Investor Terms. In accordance with the Investor Terms, you will be notified as soon as possible and by no later than 5 working days where a Resolution Event is declared." Given that we would have had a Resolution Event during November had the founders not pumped more money into the provision funds to cover the loss .... I was startled to see this additional term and condition appear in the festive bonus Ts and Cs. I've decided to run down my Growth Street investment ..... Probably more to do with having to meet the new FCA reqs to be honest, and/or closing a loophole they previously forgot.
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pom
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Post by pom on Dec 3, 2019 11:11:54 GMT
Regarding my previous email. I actually won £25 three times yesterday! Which is not bad for a 25k investment!! Which by the looks of things is more than I got on my 50k this month Having said that here was definitely a bit of lag when I first invested with them (I thought I might have won something the month before I actially did), but since then I think there's only been one month in 4yrs that I've not won anything. Usually anything from 1-6 x £25, but also £500 and 4x£100 in amongst that so like carol167 I'm also averaging 1.64% (spooky! Especially when over different timespans) which as I'm a 40% tax payer is the equivalent of 2.73%...which I don't see any banks paying right now...so in my view the max investment is a bit of a no-brainer for anyone paying higher rate tax, not least as you're much more likely to beat the average then
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pom
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Post by pom on Dec 3, 2019 10:41:14 GMT
I'm waiting to see if they rollover the xmas bonus again before I decide whether to invest more There is a "Festive Bonus" now... how did you know? Did they do the same last year? No that's a new one - and interesting to see it only applies to the classic account...I'm also waiting to see if my 2 bonuses about to mature are going to get screwed up by having moved some of my money to the ISA..a winter bonus due in a couple of weeks, and the other was the one I was referring to, in itself a rollover of the December 2017 bonus. Had to increase amount invested by 20% but the bonus was on the WHOLE amount not just the increase, so I suspect they may not offer it again. The Festive one looks better than last years winter bonus tho I think, as that was tiered. But irritatingly based on last years timings that will be over before I find out if they are going to roll over the December one again, so I'll probably end up with neither!
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pom
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Post by pom on Nov 20, 2019 19:25:30 GMT
I'm waiting to see if they rollover the xmas bonus again before I decide whether to invest more
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