IR rises to 0.75% what does this mean?.

Is that the QE thingy (Quantative Easing I think, deflation I think it used to called in years gone by ;-0) they always seem to go on about?. I think I read somewhere recently that they were planning to claw that lot back sometime soon. Perhaps if that's the case then the banks will need our money for mortgages and things. Thing is though I gave up on traditional saving accounts years ago, when the current accounts offered best deals in the cash market. 

I think the same as you though it'll make no real difference to Zopa other than if the banks lend at higher rates than current then it must all Zopa to drive up rates. I thought the reason Zopa rates were so damned low were because everywhere else's rates for lending were lower. Surely the rate rise will affect general borrowing rates, definitely the credit cards recently seemed to tie their voluminous rates to base rises, I thought they did that. I seem to remember my Santander Zero terms changed to tie in to the base rate, might tesco CC. I don't pay that much attention as I only use credit for my benefit rather than for their benefits so just noticed it in the skim of the terms changes.

[EDIT]
Just looked up SONIA (Sterling Over Night Index Average) very interesting, the notion that this will be more reliable than LIBOR rate is a curious one. Lets see how long it takes to frig that one then ;-) They'll need some bedding in time to figure one out but they most surely will ......

I remember the Icelandic banks era just before the crash, late 2007 I think it was, that was fun. I did a stooze on one of those when they were at 7%+ return rates, when they went belly up it was lucky that I didn't lose my shirt on that one fortunately they were bailed out somehow I think. I seem to remember I took a punt with money I borrowed from one of my CC cards where the rate on teh card was 3% I think. That was worth a punt as long as they didn;t fold. 

Never will I borrow at low rates to get higher return rates again, too risky by far, mind you I wasn't retired then. In fact that's the one and only time i've borrowed since late 2007 anyway when I had paid off all my debts apart from the mortgage at that time with my kings ransom from my workplace at the time. I still use credit cards but its in my favour and pay them off as I go, they are great for exchange rates foreign parts.

I'm quite loaded up on P2P money so money moving to other forms is not my desire. I think though that P2P will follow the lending rates wherever they go well the 3 main ones at least. Mind you it remains to be seen what happens with banking on the Zopa front too. I do hope there is adequate walling between the bank and the P2P side for Zopa at least as that's the only platform I'm in.

The BOE rate has been 0.5% for a very long period from 2009 till 2016, then dropped to 0.25%, but zopa return was droped when the classic was launched.

When boe rate was raised to the 0.5 again in 2017, the projected return of core and plus was lowered.

so I doubt zopa investors will get higher net return even then boe rate is raised d, it’s more likely the opposite due to higher default risk.

In general, I'd agree with you and certainly if it had been a meaningful increase. However, with base rate at what must be the 3rd lowest rate in decades, I doubt it'll have much effect at all (but time will tell).

In the late 80% the mortgage rate I was on (Nationwide at the time) went up to 14%+ from 7% I seem to recall. I'd like to be on the other side of some of that now that I haven't had a mortgage for the best part of 7 years or so.

The thing is anyone who is on an SVR, the most likely to rise the quickest, is probably on much higher than 0.5% so the increase might not hit them that hard. I do agree though it must be hard for many who do not have the benefit of history behind them.  If anyone was lucky enough to be on 0.5% then it will be a 50% hike in payments almost.

I remember for us it was particularly a hard knock having been recently promoted to a manager on quite a bit more money but not that bigger 1st rung as I lost a lot of overtime at the time. I remember we had just moved up the ladder house wise and as you did in them days took on as much debt as I could afford as inflation always knocked it for six after the 1st couple of years or so. So the cost doubled overnight and we had less money coming in ... we took on some foreign students, in cambridge it was the norm at the time, they helped us out of a big hole a the time but it was hard I remember.