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IFISA
Nov 5, 2017 22:40:57 GMT
Post by elephantrosie on Nov 5, 2017 22:40:57 GMT
Not out yet??
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Nov 5, 2017 23:02:12 GMT
No. Hopefully they are fixing a number of bugs in the current platform before launching it to the masses of retail ISA market. 
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IFISA
Nov 9, 2017 11:18:53 GMT
Post by sayyestocress on Nov 9, 2017 11:18:53 GMT
No. Hopefully they are fixing a number of bugs in the current platform before launching it to the masses of retail ISA market. On their Seedrs page discussion and updates sections there is the odd tidbit on the subject scattered about; they say that they are 'well advanced' on their ISA implementation and that they're 'very close' to launching. Though one person's 'soon' is another persons eternity, so make of it what you will
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coda
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IFISA
Nov 10, 2017 22:28:53 GMT
Post by coda on Nov 10, 2017 22:28:53 GMT
I can't wait this!!!
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tonyr
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Post by tonyr on Nov 11, 2017 17:21:48 GMT
I expect the ISA to be very good for AC, very bad for us standard investors. There will be a flood of money come in, the ISA rate will be 3% or 4% with lots of money behind it. Rates are always a balance between investors and borrowers, with a flood of investor money the rates will go down and down and us pre-ISA investors will get even worse than the 8% widely available now.
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IFISA
Nov 11, 2017 20:16:35 GMT
Post by wiseclerk on Nov 11, 2017 20:16:35 GMT
I expect the ISA to be very good for AC, very bad for us standard investors. There will be a flood of money come in, the ISA rate will be 3% or 4% with lots of money behind it. Rates are always a balance between investors and borrowers, with a flood of investor money the rates will go down and down and us pre-ISA investors will get even worse than the 8% widely available now. Stuart Law said that it will have the same rates as the normal accounts: www.p2p-banking.com/countries/uk-interview-with-stuart-law-ceo-and-co-founder-of-assetz-capital/
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jonah
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Post by jonah on Nov 11, 2017 20:59:06 GMT
I expect the ISA to be very good for AC, very bad for us standard investors. There will be a flood of money come in, the ISA rate will be 3% or 4% with lots of money behind it. Rates are always a balance between investors and borrowers, with a flood of investor money the rates will go down and down and us pre-ISA investors will get even worse than the 8% widely available now. Stuart Law said that it will have the same rates as the normal accounts: www.p2p-banking.com/countries/uk-interview-with-stuart-law-ceo-and-co-founder-of-assetz-capital/The concern is a lot of cash in QAA or 30day accounts. These will reduce allocations for mlia accounts as there will be less to go around. Hopefully the ac pipeline will increase to provide enough loan slices for all, but time will tell.
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tonyr
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IFISA
Nov 12, 2017 13:14:51 GMT
Post by tonyr on Nov 12, 2017 13:14:51 GMT
The concern is a lot of cash in QAA or 30day accounts. These will reduce allocations for mlia accounts as there will be less to go around. Hopefully the ac pipeline will increase to provide enough loan slices for all, but time will tell. Thanks for that - specifically the quote is "we also intend for our main lending investment accounts to also be available at the same rates in the ISA." and I'd include MLIA as a main lending account (with QAA and 30 day). Of course, ISA is only new money, that'll mean some interesting dynamics as people sell taxable and buy non-taxable.
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tonyr
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IFISA
Nov 12, 2017 13:16:35 GMT
Post by tonyr on Nov 12, 2017 13:16:35 GMT
The concern is a lot of cash in QAA or 30day accounts. These will reduce allocations for mlia accounts as there will be less to go around. Hopefully the ac pipeline will increase to provide enough loan slices for all, but time will tell. Yes, of course. The QAA and 30day can't exist in isolation at the moment, they need the MLIA as a buffer. I wonder how long that will last.
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oldgrumpy
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IFISA
Nov 12, 2017 13:26:16 GMT
Post by oldgrumpy on Nov 12, 2017 13:26:16 GMT
I expect the ISA to be very good for AC, very bad for us standard investors. There will be a flood of money come in, the ISA rate will be 3% or 4% with lots of money behind it. Rates are always a balance between investors and borrowers, with a flood of investor money the rates will go down and down and us pre-ISA investors will get even worse than the 8% widely available now. I note from the AC pipeline that one loan will be at the rate of 5%. I'm getting more than that from my occasional one year grabs on RS, and 4.5-5.6% by careful monitoring of the RS rolling - both with a "provision fund". I'll not take risk for less than 8%.
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ton27
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IFISA
Nov 12, 2017 13:36:58 GMT
Post by ton27 on Nov 12, 2017 13:36:58 GMT
...and even 8% loans are increasingly rare!
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IFISAcava
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IFISA
Nov 12, 2017 13:40:16 GMT
Post by IFISAcava on Nov 12, 2017 13:40:16 GMT
The concern is a lot of cash in QAA or 30day accounts. These will reduce allocations for mlia accounts as there will be less to go around. Hopefully the ac pipeline will increase to provide enough loan slices for all, but time will tell. Thanks for that - specifically the quote is "we also intend for our main lending investment accounts to also be available at the same rates in the ISA." and I'd include MLIA as a main lending account (with QAA and 30 day). Of course, ISA is only new money, that'll mean some interesting dynamics as people sell taxable and buy non-taxable.At least the AC set up means no crazy discounting to sell loans to oneself! Overall it should be an orderly switch between non-ISA and ISA accounts occurring over time. I guess the issue is that in the interim, a lot of parked ISA money will fill the QAA loan quota before the MLIA "transfers" occur, but then it should be subsequently transferred to the MLIA as and when the instructions are processed. So I wouldn't forsee much of an issue other than time to get invested.
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IFISAcava
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Post by IFISAcava on Nov 12, 2017 13:50:05 GMT
...and even 8% loans are increasingly rare! But 8% in an IFISA is equivalent to 14.5% outside (for a 45% rate payer) The 7% loans (or GEIA/GBBA) are 12.7% equivalent Even the 6%ers agross up to 10.9% (obv the differentials less for lower rate payers). So well worth having IMHO.
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elliotn
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Post by elliotn on Nov 12, 2017 14:39:53 GMT
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oldgrumpy
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IFISA
Nov 12, 2017 14:43:44 GMT
Post by oldgrumpy on Nov 12, 2017 14:43:44 GMT
...and even 8% loans are increasingly rare! The 7% loans (or GEIA/GBBA) are 12.7% equivalent Even the 6%ers agross up to 10.9% (obv the differentials less for lower rate payers). So well worth having IMHO. Ah yes ... I'd forgotten about all you medium hitters 
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