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Post by hammertime on Dec 17, 2018 10:32:54 GMT
I have only invested in 10%+ loans but as there are none around at the moment i have not invested any more cash.
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dc848
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Post by dc848 on Dec 17, 2018 15:56:51 GMT
I have only invested in 10%+ loans but as there are none around at the moment i have not invested any more cash. Interestingly, you state in another thread about having just voted 'A' for #408 - which is a mere 7.9%.
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Post by hammertime on Dec 17, 2018 16:15:22 GMT
Yes but i only have 0.01p in that investment i don't really know why they asked me to vote on it.So don't worry yourself about it to much?
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IFISAcava
Member of DD Central
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Post by IFISAcava on Jan 22, 2019 22:13:36 GMT
I have a good diversified MLA portfolio of over 200 loans and high 5 figures total. I'm averaging 7.7%.
But looking at the upcoming loans, virtually all are in the 5-6% range, just a few at 6.5% or 7%. So I am expecting my average to go down as loans are churned.
Forget the idea of getting 9-10% on Assetz, I think 6-7% will be the new norm, if you want decent diversification and a decent sized investment.
I'd say the 30-day/QAA + bonuses looking a better and better bet for the longer term, and I wonder if the new AC model is gradually edging towards a focus on those accounts anyway (although I also wonder if they can keep QA/30 day rates up)
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trium
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Post by trium on Jan 23, 2019 15:33:33 GMT
I too have over 200 loans, average 7.3%, but I'm struggling to mop up recycled funds at acceptable rates.
I wonder if the "pick and choose" P2P model is doomed. Platforms, of which there are now many, have to compete with each other as well as with traditional lenders. If the platform doesn't offer attractive rates to borrowers it won't get the business, but lenders will not fund the lower offerings if they're given a choice. Zopa took all choices away knowing that to compete for the highest-quality borrowers they would have to force lenders to accept rates like 2.4% - something that no cherry-picker would ever do.
Right now, Assetz seem to be quite active in the commercial mortgage market but the going rate, albeit with reduced risk, offers a mere 5-6% to lenders. Most of these loans are 60-month so if rates in general go up the current rates are going to look even less alluring. Perhaps the MLA's days are numbered (perhaps that's also why improvements promised months ago have yet to materialise)
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Post by hammertime on Jan 23, 2019 15:41:34 GMT
I quite agree i think that A/C are going the same way as F/C . So really stay with a P2P until the rates go down then choose another.
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ton27
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Post by ton27 on Jan 24, 2019 12:51:15 GMT
Rates at AC have been on a downward trend for a long time. I have found it impossible over the past 12-18 months to maintain my investment levels in the MLIA partly because of rates but also because of the preponderance of development loans at equally low rates. I do have money in the "cash" accounts and in some of the lower rated loans but only with LTVs below 60% and through 2 ISAs.
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Post by hammertime on Jan 24, 2019 15:44:51 GMT
I think you are right i may start withdrawing cash from the MLA and put it in the 30 day account.I still have some good loans in there though but it maybe time to move on now .Which is a shame as i quite like there set up. Much better than F/C. Looking at F/S but i have heard good and bad i suppose it is the same all over . I am beginning to think P2P has had its day .They all want to become like a normal bank.
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gibmike
Member of DD Central
What is a cynic? A man who knows the price of everything and the value of nothing.
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Post by gibmike on Jan 24, 2019 20:01:52 GMT
I have been with AC for a while and the Interest Rate drop was something I mentioned last year when we had a reply (from Stuart I think) giving the reasons and their thinking behind it.
At the time I was leaving LendInvest as they too were going from 10% towards 4.5% and it is blatantly obvious that AC are going this way. The newcomers to AC probably want the safety of the 30D acc and the property back account which is great but I have always been an MLIA guy.
I am not actively leaving, just keeping my balance as there are other platforms offering 8%+ plus other ways to make 8% online.
Shame, but market forces and a whole raft of other reasons are pushing the rates down.
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Post by hammertime on Jan 25, 2019 10:12:57 GMT
It is a shame but i am going to start taking some of my cash out Of the MLA and reinvest in there other loan options. And start to look at other P2P sites .Any suggestions.
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IFISAcava
Member of DD Central
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Post by IFISAcava on Jan 25, 2019 11:04:28 GMT
It is a shame but i am going to start taking some of my cash out Of the MLA and reinvest in there other loan options. And start to look at other P2P sites .Any suggestions. Proplend is the obvious alternative at the moment
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Post by oppsididitagain on Jan 25, 2019 11:32:35 GMT
When the BOE rate is below 1% anything over 4% is still good.
Increased competition I would imagine is behind this, or maybe they are making the spreads wider to prop up the provision fund ?
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Jan 25, 2019 11:45:28 GMT
I think you are right i may start withdrawing cash from the MLA and put it in the 30 day account.I still have some good loans in there though but it maybe time to move on now .Which is a shame as i quite like there set up. Much better than F/C. Looking at F/S but i have heard good and bad i suppose it is the same all over . I am beginning to think P2P has had its day .They all want to become like a normal bank. Fully agree with your views on AC and FC.
But please, for the good of your wealth (and health) don't move into FS at this time. It's turning into a horror show.
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Post by hammertime on Jan 25, 2019 13:04:42 GMT
Thanks for the reply's very helpful
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cb25
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Post by cb25 on Jan 25, 2019 15:10:10 GMT
It is a shame but i am going to start taking some of my cash out Of the MLA and reinvest in there other loan options. And start to look at other P2P sites .Any suggestions. Proplend is the obvious alternative at the moment Am I correct in thinking there's a minimum of £1000 per loan? (from www.proplend.com/invest/investor-faqs/ "In order to participate in an ‘In Funding’ (new) loan, you will be required to have a minimum of £1,000 in your Proplend client account as loan investments are made in multiples of £1,000")
If so, too high for me.
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