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Post by birdie on Sept 29, 2021 7:35:57 GMT
A small amount went out yesterday from my offer on the 14th Sept but movement in general has really slowed down.
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Post by birdie on Oct 12, 2021 9:44:03 GMT
Money from 15/9/21 went out last week , I'm now still awaiting for offers from 17/9/21 and every day after to move, it's getting slower.
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Post by overthehill on Oct 12, 2021 10:22:50 GMT
Money from 15/9/21 went out last week , I'm now still awaiting for offers from 17/9/21 and every day after to move, it's getting slower.
The irony and greed is that if they let investors out without charging them opportunistic penalty charges then there might not be any input queues. They still want around 8% of my capital to exit despite negative interest (taking my capital) for the last 18 months. They want their cake and to eat it. If I was them I'd be doing everything possible to pull in investors with stagnant cash in their accounts to offset investors who have seen enough.
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mogish
Member of DD Central
Posts: 1,105
Likes: 527
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Post by mogish on Oct 12, 2021 10:48:41 GMT
Money from 15/9/21 went out last week , I'm now still awaiting for offers from 17/9/21 and every day after to move, it's getting slower.
The irony and greed is that if they let investors out without charging them opportunistic penalty charges then there might not be any input queues. They still want around 8% of my capital to exit despite negative interest (taking my capital) for the last 18 months. They want their cake and to eat it. If I was them I'd be doing everything possible to pull in investors with stagnant cash in their accounts to offset investors who have seen enough.
Exactly. Down to 2k. Im adamant I wont pay any more to withdraw but doesn't stop me checking how much to leave. Happy to sell my loans to anyone wanting to earn 1.1% 😁
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Post by birdie on Nov 9, 2021 9:07:28 GMT
Still no movement , money on offer dating back to 27th Sept, monthly updates give no indication as to lending waiting time so I have started to withdraw yet again, it's not a large sum just a bit I left in to see how it panned out.
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mogish
Member of DD Central
Posts: 1,105
Likes: 527
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Post by mogish on Nov 9, 2021 10:32:18 GMT
Still no movement , money on offer dating back to 27th Sept, monthly updates give no indication as to lending waiting time so I have started to withdraw yet again, it's not a large sum just a bit I left in to see how it panned out. Would be intereted to hear what their response is....have you tried calling them to ask why your money is taking so long to lend?
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Post by birdie on Nov 10, 2021 9:21:41 GMT
Still no movement , money on offer dating back to 27th Sept, monthly updates give no indication as to lending waiting time so I have started to withdraw yet again, it's not a large sum just a bit I left in to see how it panned out. Would be intereted to hear what their response is....have you tried calling them to ask why your money is taking so long to lend? No I haven't made contact, like most of you I'm loosing interest in Lending Works altogether, I left a bit in there to give them a chance but they've had long enough now.
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mogish
Member of DD Central
Posts: 1,105
Likes: 527
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Post by mogish on Nov 10, 2021 10:12:50 GMT
Where do you intend te investing ?
After applauding their speed to transfer isa, I had to poke them last week to transfer as they had exceeded the 5 days.
Think intriva is the priority now. Not retail.
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Post by birdie on Nov 11, 2021 8:40:37 GMT
Where do you intend te investing ? After applauding their speed to transfer isa, I had to poke them last week to transfer as they had exceeded the 5 days. Think intriva is the priority now. Not retail. I have put a bit more into Loanpad and Kuflink, but I have enough in them now, I have been trickling a bit into Qardus waiting patiently for another offer. They are my main investments along with a spread of ISA's with banks earning very little and what's left in Lending Works and Zopa.
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Post by birdie on Nov 15, 2021 9:26:12 GMT
Just made another withdrawal, I left one offer from 27th Sept just to see how long it takes to go out, it's in the flexible market which was moving nicely at one point.
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mogish
Member of DD Central
Posts: 1,105
Likes: 527
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Post by mogish on Nov 15, 2021 11:43:01 GMT
Just made another withdrawal, I left one offer from 27th Sept just to see how long it takes to go out, it's in the flexible market which was moving nicely at one point. It seems LW have slipped backwards again. Yet again I'm needing to chase them to transfer isa out. Did you get a chance to call them to ask why your funds hadn't been deployed?
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Post by birdie on Nov 16, 2021 9:14:14 GMT
Just made another withdrawal, I left one offer from 27th Sept just to see how long it takes to go out, it's in the flexible market which was moving nicely at one point. It seems LW have slipped backwards again. Yet again I'm needing to chase them to transfer isa out. Did you get a chance to call them to ask why your funds hadn't been deployed? Didn't bother, I'm starting to withdraw now, I've left a couple of offers just to see how long it takes to move, still the last one is from 27th sept.
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Post by birdie on Nov 16, 2021 10:08:47 GMT
It seems LW have slipped backwards again. Yet again I'm needing to chase them to transfer isa out. Did you get a chance to call them to ask why your funds hadn't been deployed? Didn't bother, I'm starting to withdraw now, I've left a couple of offers just to see how long it takes to move, still the last one is from 27th sept. I e-mailed them just about lending times , so I'll see what reply I get.
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Post by overthehill on Nov 16, 2021 10:51:56 GMT
It seems LW have slipped backwards again. Yet again I'm needing to chase them to transfer isa out. Did you get a chance to call them to ask why your funds hadn't been deployed? Didn't bother, I'm starting to withdraw now, I've left a couple of offers just to see how long it takes to move, still the last one is from 27th sept.
I admire your persistence after the masses have long gone. People wanting to invest and people wanting to exit, doh. If they had any intentions they would have facilitated this before now instead capitalising on covid, their own rank performance and the panic to exit. Once the retail revenue stream dries up there will be a significant announcement no doubt.
Their rock solid transparent algorithms still have me on negative interest 18 months on, in part due to a diminishing balance. Of course it's correct and how would I check it anyway!
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mogish
Member of DD Central
Posts: 1,105
Likes: 527
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Post by mogish on Nov 16, 2021 18:14:35 GMT
Another email prod to get isa transferred out. I shouldnt need to constantly do this, it shows LW have no respect for investors or basis customer service.
Admittedly the sums involved are relatively small however its my money and my wish to move it. Its a disgrace that i can get more return from a cash isa than from this crowd .
Still i have the choice to pay to leave....no chance. I think weve all supported thier business enough.
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