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Post by Ace on Oct 22, 2018 7:43:41 GMT
It's pretty clear from the terms, and Chris's clarification that it is a straight 1% of new capital inveysted (NOT a1% AER, so different to the previous campaign). You will indeed be pleasantly surprised  , or maybe not quite so surprised now  |
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Post by chris on Oct 22, 2018 8:35:33 GMT
It's pretty clear from the terms, and Chris's clarification that it is a straight 1% of new capital inveysted (NOT a1% AER, so different to the previous campaign). You will indeed be pleasantly surprised , or maybe not quite so surprised now This is correct. It's a flat 1% cashback at each of the two dates.
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Mike
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Post by Mike on Oct 22, 2018 9:52:45 GMT
Aside: I believe for it to be 'cashback' (as an incentive to spend) it can't be an annualised return. The latter would definitely be taxable.
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zlb
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Post by zlb on Oct 22, 2018 11:48:58 GMT
We couldn’t compliantly say ‘whichever is the soonest’ ! That’s the reason. We’ve kept the cap tight at £10m as it’s our biggest ever bonus % but then we’re the biggest we have ever been. Hi Stuart. How secure is Assetzcapital looking these days, is it in profit for example? My concern is that this looks really attractive, and encourages people (or me) toward less diversification in P2P. This seems to be a big raise, and I'd be interested to see how that will be invested. Are you still focussing on business loans rather than property? I'm only in the access accounts so I tend not to see the spread of individual loans. thanks.
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Post by hammertime on Oct 25, 2018 15:33:49 GMT
From what i now see is the interest rates are going down so maybe better to look elsewhere.
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bigfoot12
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Post by bigfoot12 on Oct 25, 2018 16:10:54 GMT
From what i now see is the interest rates are going down so maybe better to look elsewhere. The two most recent loans are 8% and 10% and the one loan in upcoming is 9%. Whilst some of the loans earlier in the week were lower I's say the picture is mixed rather than falling. And with 1% cash back if you invest new money in the next few days and hold it for a couple of months.
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stub8535
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Post by stub8535 on Oct 25, 2018 16:17:32 GMT
From what i now see is the interest rates are going down so maybe better to look elsewhere. The two most recent loans are 8% and 10% and the one loan in upcoming is 9%. Whilst some of the loans earlier in the week were lower I's say the picture is mixed rather than falling. And with 1% cash back if you invest new money in the next few days and hold it for a couple of months. And in the previous 2 weeks there were 2 renewals at highly reduced interest rates. One went from 8.5% to 5.5 and another 8 down to 6. Increased ltv and ill considered valuation and credit reports imo. Being more choosy now on the renewal loans.
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cb25
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Post by cb25 on Oct 25, 2018 16:23:44 GMT
The two most recent loans are 8% and 10% and the one loan in upcoming is 9%. Whilst some of the loans earlier in the week were lower I's say the picture is mixed rather than falling. And with 1% cash back if you invest new money in the next few days and hold it for a couple of months. And in the previous 2 weeks there were 2 renewals at highly reduced interest rates. One went from 8.5% to 5.5 and another 8 down to 6. Increased ltv and ill considered valuation and credit reports imo. Being more choosy now on the renewal loans. Headline high gross rates don't necessarily translate to high net rates (i.e. after bad debt), e.g. my Zopa+ account includes loans up to 31% and it's been a pile of poo this year.
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stub8535
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Post by stub8535 on Oct 25, 2018 16:33:19 GMT
And in the previous 2 weeks there were 2 renewals at highly reduced interest rates. One went from 8.5% to 5.5 and another 8 down to 6. Increased ltv and ill considered valuation and credit reports imo. Being more choosy now on the renewal loans. Headline high gross rates don't necessarily translate to high net rates (i.e. after bad debt), e.g. my Zopa+ account includes loans up to 31% and it's been a pile of poo this year. I was referring to 2 individual loans, cb25, where the ir went down significantly at renewal. I was not talking black box accounts. The trend on interest rates, barring the 3 mentioned, have recently been down. Some coming in at below the 30 daa interest rate. Thank goodness for the magic accounts where cash lurks for ac to allocate.
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cb25
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Post by cb25 on Oct 25, 2018 16:35:09 GMT
Headline high gross rates don't necessarily translate to high net rates (i.e. after bad debt), e.g. my Zopa+ account includes loans up to 31% and it's been a pile of poo this year. I was referring to 2 individual loans, cb25, where the ir went down significantly at renewal. I was not talking black box accounts. The trend on interest rates, barring the 3 mentioned, have recently been down. Some coming in at below the 30 daa interest rate. Thank goodness for the magic accounts where cash lurks for ac to allocate. Sorry, lazy posting on my part, I should have made it clear I was referring to the general point made by hammertime "From what i now see is the interest rates are going down so maybe better to look elsewhere"
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elliotn
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Post by elliotn on Oct 25, 2018 17:16:03 GMT
The two most recent loans are 8% and 10% and the one loan in upcoming is 9%. Whilst some of the loans earlier in the week were lower I's say the picture is mixed rather than falling. And with 1% cash back if you invest new money in the next few days and hold it for a couple of months. And in the previous 2 weeks there were 2 renewals at highly reduced interest rates. One went from 8.5% to 5.5 and another 8 down to 6. Increased ltv and ill considered valuation and credit reports imo. Being more choosy now on the renewal loans. But did you like the collateral?
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Post by hammertime on Oct 26, 2018 12:35:26 GMT
Mind you higher interest rates can mean more chance of risk. I had that problem with F/C and got out quick .A/C do seem better when choosing loans.
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Post by df on Oct 26, 2018 12:53:30 GMT
Mind you higher interest rates can mean more chance of risk. I had that problem with F/C and got out quick .A/C do seem better when choosing loans. It can, but it is not always the case. I don't think this 2% cashback promo adds to the risk that already exist.
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Mike
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Post by Mike on Oct 26, 2018 14:19:03 GMT
It would be great if they could pay the cashback to me personally as an incentive for investing in a corporate account..
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Post by stuartassetzcapital on Oct 31, 2018 8:51:35 GMT
From what i now see is the interest rates are going down so maybe better to look elsewhere. the Access Accounts rates are at all time highs and with this promotion on top of all accounts we believe that we we are highly competitive.
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, or maybe not quite so surprised now 
