Mick
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Post by Mick on Nov 10, 2017 8:08:44 GMT
Lending Works put the rate down for the 5 yr.
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macq
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Post by macq on Nov 10, 2017 8:24:20 GMT
have also not seen any news from companies like Landbay,OC or Kuflink etc who link to mortgages about a rise in their rates unless i have missed a report somewhere
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IFISAcava
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Post by IFISAcava on Nov 10, 2017 8:31:19 GMT
Lending Works put the rate down for the 5 yr. Whilst I am waiting a match in the IFISA - might cancel and transfer elsewhere (Just Us?)
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Post by martinde21 on Nov 10, 2017 8:45:18 GMT
Hi. I think the LW rates are still very good. Three factors to consider:
1) Very strong provision fund and insurance coverage for defaults. Personally speaking I've had no losses for 12 months although of course capital and interest are at risk
2) If you are investing via an IFISA you are not paying tax on interest received. This could effectively put up to 3% on your return % compared with taxable lending if you are a higher rate tax payer
3) LW move rates around by small amounts fairly frequently. They recently went up so I don't see this movement as a big deal on a trend basis.
I think it's good rates have dropped as it shows LW are monitoring the market and their books closely.
Hope this helps as food for thought...
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greatmarko
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Post by greatmarko on Nov 10, 2017 8:47:55 GMT
Lending Works put the rate down for the 5 yr. Growth Street have been constantly dropping their rates by 0.1% approximately every 14 days for the past six months!
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Post by nesako on Nov 10, 2017 8:57:12 GMT
Shows 5.5% for 5 years to me? I am pretty sure this was 5.5% yesterday as well?
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Post by dan1 on Nov 10, 2017 9:04:57 GMT
have also not seen any news from companies like Landbay,OC or Kuflink etc who link to mortgages about a rise in their rates unless i have missed a report somewhere Iirc Landbay rates are relative to libor which will have increased following the rate increase. Landbay update every 3 months and I think the next update is Jan 18 by which time rates could be back down to 0.25% again!
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Post by martinde21 on Nov 10, 2017 9:04:59 GMT
Hi just got their weekly blog saying 5.3%.
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Post by carol167 on Nov 10, 2017 9:43:30 GMT
Shows 5.5% for 5 years to me? I am pretty sure this was 5.5% yesterday as well? Notified rate changes come into effect from the following Monday.
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macq
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Post by macq on Nov 10, 2017 12:46:36 GMT
have also not seen any news from companies like Landbay,OC or Kuflink etc who link to mortgages about a rise in their rates unless i have missed a report somewhere Iirc Landbay rates are relative to libor which will have increased following the rate increase. Landbay update every 3 months and I think the next update is Jan 18 by which time rates could be back down to 0.25% again! True but may slow the amount of money going in while people wait on the 5 year product just in case
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Mick
Be nice... People respond.
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Post by Mick on Nov 10, 2017 15:31:07 GMT
Shows 5.5% for 5 years to me? I am pretty sure this was 5.5% yesterday as well? You're quite correct for this week, next week is down. Mick.
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Post by beeje13 on Nov 11, 2017 18:41:45 GMT
The rates were only 5.0% a month or so ago.
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