coogaruk
Hello everyone! Anyone remember me?
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Post by coogaruk on Nov 14, 2017 16:06:14 GMT
I appreciate that ZC is being 'retired' at the end of the month but 9 out of my last 10 contracts have been at an 'Investor Rate' of below 2%.
Whilst on the subject of Zopa's rates, did anyone else notice in the recent past many borrower rates at huge multiples of the investor rate?
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aju
Member of DD Central
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Post by aju on Nov 14, 2017 16:56:41 GMT
Not sure this helps much but it does show that looking too closely across too shorter period can skew things a little.
Mrs Aju's last 8 ZC contracts from 9th-14th Nov, £10 at a time, gave an average rate of 5.3% and 8.4%, lend/borrow respectively. Since start of the month there have been 19 < 2%.
Since start of the month, however, there has been 58 loans in ZC with an average lend rate 3.8% and average borrower rate of 6.9%. The lowest rate for Nov so far was 1.74% and the highest was 9.6% and for borrower rates lowest was 2.63 and 15.98%.
Interestingly she has 15 loans at 1.74% each with a borrower rate of 2.84% (A* mkt) and 1 loan at 9.6% with a borrower rate of 11.1% (a2 Mkt). Thing is you can't really take the Zopa lending engine on a simple scan you really have to check across the ranges a bit. What I have found though that the more on offer the more the engine seems to suck up lower numbers as it takes just over 5 @ 1.74 rate to balance out a single 9.6% rate say.
Not really great though that for November so far the avg rate is 3.77% and especially if a few higher ones default will then skew things further I guess.
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zlb
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Post by zlb on Nov 18, 2017 13:03:39 GMT
Yes, I've noticed round down to 1% to lender/investor on Z. This is low, I've not looked at proportion which are like this. I've found it interesting to try out the borrowing sliding scale. When I last looked, they compared well with major car loan sites and e.g. Tesco bank but not far different.
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