robski
Member of DD Central
Posts: 772
Likes: 462
|
Post by robski on Jan 10, 2018 10:29:03 GMT
Matched early again today Looks like RS have adjusted some things, maybe better processing speed It would appear repayments are processed much faster, and also that they match the rolled over much earlier. Means my log on at 12 to check and adjust has had to be revised to log on first thing to check and adjust. Also means it easier for me to be undercut as matching seems to be anywhere from 10-12 now as opposed to normally around 12.30 Maybe some pesky employee has asked for flexible working
|
|
puddleduck
Member of DD Central
Posts: 537
Likes: 489
|
Post by puddleduck on Jan 10, 2018 10:41:12 GMT
The rates seem to have dropped since the start of the year, at current rates I won't be putting in anything else, and will be drawing down as my 1 year 5.5%+ repay.
I need 4.3% on rolling to invest, otherwise I may just as well keep the funds into the Assetz 30 day 4.25% account.
|
|
|
Post by skint4achange on Jan 10, 2018 18:53:54 GMT
I was thinking the same. I am taking money out as and when it becomes available.
Oh well, nice while it lasted!
|
|
robski
Member of DD Central
Posts: 772
Likes: 462
|
Post by robski on Jan 11, 2018 10:17:10 GMT
I am going to go with RS for my IFISA this year, so mine is just rolling over until thats open, once thats open I will see in regards rates, obviously slightly more locked in once in an ISA Next year I am considering MT or Assetz for the ISA, would prefer MT but they would need to pick up the pace on new loan availability as I would be uncomfortable with the size of the individual holdings needed to get £20k into their ISA within a resonable timeframe I don't currently use Assetz and have looked at it a few times. I really should get signed up and use it as well and it helps tick some boxes for me on diversification, but also just to confirm for me its a valid place for me in future. I was considering returning to ZOPA, but I am not convinced in their model (not stability) for keeping a sensible return. Maybe in 3 years time for the ISA after that it may make sense.
|
|
puddleduck
Member of DD Central
Posts: 537
Likes: 489
|
Post by puddleduck on Jan 11, 2018 10:54:27 GMT
I am going to go with RS for my IFISA this year, so mine is just rolling over until thats open, once thats open I will see in regards rates, obviously slightly more locked in once in an ISA I suspect with isa money inflow, the rates will drop by more than the tax saving for most. I reckon P2P sites will be the biggest winners from ISAs, not the lenders who will face a race to the bottom. Sadly I suspect many folks will see a 4% rate in an ISA as a good rate, when in fact its' barely beating inflation.
|
|
dandy
Posts: 427
Likes: 341
|
Post by dandy on Jan 11, 2018 11:43:18 GMT
I am going to go with RS for my IFISA this year, so mine is just rolling over until thats open, once thats open I will see in regards rates, obviously slightly more locked in once in an ISA I suspect with isa money inflow, the rates will drop by more than the tax saving for most. I reckon P2P sites will be the biggest winners from ISAs, not the lenders who will face a race to the bottom. Sadly I suspect many folks will see a 4% rate in an ISA as a good rate, when in fact its' barely beating inflation. The rate of inflation is irrelevant. What is relevant is what the alternatives are, right? It is not as if the inflation rate is the risk free rate obtainable by anyone.
|
|
|
Post by skint4achange on Jan 11, 2018 11:47:12 GMT
I suspect with isa money inflow, the rates will drop by more than the tax saving for most. I reckon P2P sites will be the biggest winners from ISAs, not the lenders who will face a race to the bottom. Sadly I suspect many folks will see a 4% rate in an ISA as a good rate, when in fact its' barely beating inflation. The rate of inflation is irrelevant. What is relevant is what the alternatives are, right? It is not as if the inflation rate is the risk free rate obtainable by anyone. The rate of inflation is irrelevant?? I would have thought that was one of the major targets of investing, beating inflation!
|
|
dandy
Posts: 427
Likes: 341
|
Post by dandy on Jan 11, 2018 11:48:50 GMT
The rate of inflation is irrelevant. What is relevant is what the alternatives are, right? It is not as if the inflation rate is the risk free rate obtainable by anyone. The rate of inflation is irrelevant?? I would have thought that was one of the major targets of investing, beating inflation! You know what I mean - if you don't, never mind
|
|
robski
Member of DD Central
Posts: 772
Likes: 462
|
Post by robski on Jan 11, 2018 13:40:16 GMT
I am going to go with RS for my IFISA this year, so mine is just rolling over until thats open, once thats open I will see in regards rates, obviously slightly more locked in once in an ISA I suspect with isa money inflow, the rates will drop by more than the tax saving for most. I reckon P2P sites will be the biggest winners from ISAs, not the lenders who will face a race to the bottom. Sadly I suspect many folks will see a 4% rate in an ISA as a good rate, when in fact its' barely beating inflation. Thats completely possible, only time will tell. Rates have been volatile enough on RS over 24 months that it would be another 24 months before you could really form a valid opinion on actual impact I would suggest. And in that time plenty of other things are as likely to change so its going to be really hard to tell, unless rates crash to sub 2.5% or so in rolling. Which would likely see people withdrawing, which would reduce availability, which would probably put up rates, which would.....
|
|
robski
Member of DD Central
Posts: 772
Likes: 462
|
Post by robski on Jan 17, 2018 9:39:03 GMT
Todays already matched. I quite like this early matching, less time to be undercut
|
|
|
Post by bricktop on Jan 18, 2018 9:03:30 GMT
The issue I have currently is lend rates are still 3-5.5% on average get their best loan rate I saw was +6%. So there is now a huge gap in the pricing. Where RS always used to go on about prime lending and dabbling in near prime I suspect this has changed. Given they took on a car HP firm which can charge 19.9% the question the becomes risk and reward. I havent withdrawn my funds but all is in rolling or 1 year but is be interested to say what their average API is these days. Anyone have any stats?
|
|
|
Post by baglan on Jan 19, 2018 9:35:06 GMT
Todays already matched. I quite like this early matching, less time to be undercut I think the early matching is just a function of how much money is available in rolling at lower rates. When there is only higher priced money on offer, matching is delayed to later in the day to allow people to reduce their rates. If plenty of cheap money is already there than matching proceeds.
|
|
robski
Member of DD Central
Posts: 772
Likes: 462
|
Post by robski on Jan 19, 2018 15:00:56 GMT
No, the main rolling always used to start matching at 12:30, give or take a few mins, been like that well over a year that I knew exactly when to check my place in the queue Sometimes, normally the first working day of the month, but also around bank hols etc the payment allocations (ie assigning repays to loans) could run past this, and would make it seem like they were delaying the matching. If you had recently written 5 year loans these would be the last to repay (ie the monthly payment) and not long after they came in the rolling matching would start. I suspect at times the actual system could have gone past the end of day so they brought it forwards, or they had some pissed off staff needing to ensure it had completed some processes so they brought it forwards as they are caring employers Or maybe the OT bill was too high
|
|