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Post by misotu on Nov 15, 2017 11:08:04 GMT
fuzzyiceberg I agree, and if Zopa could buy the loan part and sell it back in the way you describe this would be a really simple solution to the restriction. But I really don't think this is going to happen, because if it were, then this "So we’re focussing on make sure that the ISA projected return people have at the end of this process looks as close to the one they had before as possible" would be a piece of cake. If you were simply buying back your original loans, your projected return wouldn't be "as close as possible". It would be identical.
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aju
Member of DD Central
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Post by aju on Nov 15, 2017 12:30:29 GMT
fuzzyiceberg I agree, and if Zopa could buy the loan part and sell it back in the way you describe this would be a really simple solution to the restriction. But I really don't think this is going to happen, because if it were, then this "So we’re focussing on make sure that the ISA projected return people have at the end of this process looks as close to the one they had before as possible" would be a piece of cake. If you were simply buying back your original loans, your projected return wouldn't be "as close as possible". It would be identical. Not sure that would be correct though and I think thats where the term "close" comes in. Whats really interesting is that the loans I am getting in my ISA core from the SG sales I assume give the spread (BorrowerRate-Lendrate) but the only way of knowing if that is correct is to look at existing similar loans in SG I guess, I bet the spread rates are different anyway. Since classic rates and core rates are different are Zopa taking a different cut when its moved perhaps!. Less or more perhaps. Trouble is it's hard to understand the spread rates at the best of time as we are not aware of the internal splits anyway - eg Operating costs, Profits!, SG fund, etc. To be fair not sure there are any profits!!.
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