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Post by redeye555 on Oct 20, 2018 2:24:57 GMT
With the end of Libor in 2021, what will Landbay base the tracker on? Sonia? Or something else?
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Post by landbayceo on Oct 21, 2018 10:49:28 GMT
Our loan contracts allow us to switch to an equivalent benchmark if/when LIBOR is abolished.
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Post by redeye555 on Dec 15, 2018 23:15:23 GMT
December 14th Libor rate is 0.90, my initial investments will be up to 3.4% minus repayments come 2019.
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Post by gravitykillz on Apr 2, 2019 14:58:42 GMT
Libor has dropped again apparently. Think the tracker rate at landbay is now 3.18%.
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Post by df on Jul 1, 2019 19:45:01 GMT
Tracker rate now down to 3.09%. According to e-mail I received it is 3.19%. Not that it makes a lot of difference 
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bigfoot12
Member of DD Central
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Post by bigfoot12 on Jul 2, 2019 9:40:00 GMT
According to e-mail I received it is 3.19%. Not that it makes a lot of difference The email says 3.19% but when you click on invest the tracker rate says 3.09%, at least it does on my account. As LIBOR has fallen I'm guessing its the latter.. Perhaps Landbay or landbayceo would like to confirm which it is. Looks like a typo in the email as the email says 2.30% over libor which is reset to 0.79% so 3.09%
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bigfoot12
Member of DD Central
Posts: 1,817
Likes: 816
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Post by bigfoot12 on Jul 2, 2019 9:52:35 GMT
Also worth noting that this time last year LIBOR was 0.01% higher than it is now, but Landbay's tracker rate was 3.30% as opposed to 3.09% now. Yeah that did for me, I haven't re-invest since. All my loans are still libor +2.5%, withdrawing as capital paid back.
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