jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
|
Post by jonah on Nov 1, 2017 6:07:21 GMT
416 repaid.
|
|
trouble
Member of DD Central
Posts: 127
Likes: 97
|
Post by trouble on Nov 11, 2017 13:59:29 GMT
349 and 240 repaid
|
|
ton27
Member of DD Central
Posts: 431 
Likes: 267
|
Post by ton27 on Nov 12, 2017 13:33:42 GMT
Once again, repayments arriving and nothing to invest in at anything like a decent rate.
|
|
n
Member of DD Central
Yet another Nick
Posts: 880
Likes: 461
|
Post by n on Nov 13, 2017 9:15:57 GMT
Once again, repayments arriving and nothing to invest in at anything like a decent rate. Not on this platform! 
|
|
markb
Member of DD Central
Posts: 79
Likes: 43
|
Post by markb on Nov 13, 2017 16:12:04 GMT
Credit to AC - I see that finally they've accepted that it's wrong to suspend a manual investment target without informing the lender.
|
|
|
|
Post by lynnanthony on Nov 13, 2017 18:04:12 GMT
527 repaid, very early.
|
|
happy
Member of DD Central
Posts: 397
Likes: 497
|
Post by happy on Nov 14, 2017 7:05:27 GMT
Also loan #173 to the same borrower repaid.......32 months early!
|
|
|
|
Post by roandy55 on Nov 30, 2017 16:32:06 GMT
256 looks set to repay.
My first repayment. Only £19.60 but gives me a bit more confidence when my GBBA allocates <0.01 to loans with only one month left to run.
|
|
ianj
Member of DD Central
Posts: 656
Likes: 520
|
Post by ianj on Dec 8, 2017 17:42:00 GMT
#415 has been moved to Repaid. Funds "should be transferred to lenders' accounts as soon as possible".
|
|
|
|
Post by notascooby on Dec 8, 2017 20:15:09 GMT
Re Loan update email today. AC sent out an email today reminding us that there was £9M worth of loans across 92 borrowers, (hint - why aren't we taking up the offers). Am I alone in thinking that the reason is that the rates are pants?
|
|
crabbyoldgit
Member of DD Central
Posts: 669
Likes: 583
Member is Online
|
Post by crabbyoldgit on Dec 8, 2017 20:43:07 GMT
My very amateur feeling ,AC in all effect are their own underwriters via the 2 short term access accounts , but they need to churn loan parts into the other accounts to release funds to underwrite new loans. However the two 7% funds make the present offers to new lenders at rates around 8% uneconomic to put these loans into them given the risk level and fund a provision fund. So they need a mlia to pick them up, but the mlia investers are not picking up the required level of loan parts, hence the advertising.
The answer they hope i think is the isa mlia accounts that will make low return, risc loans gross into reasonable return loans net , transfering the tax savings in effect to their bottom line, transfered from the investers.
Ok its a very hard view of the world , but the world is a hard place.
|
|
jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
|
Post by jonah on Dec 8, 2017 20:51:43 GMT
My very amateur feeling ,AC in all effect are their own underwriters via the 2 short term access accounts , but they need to churn loan parts into the other accounts to release funds to underwrite new loans. However the two 7% funds make the present offers to new lenders at rates around 8% uneconomic to put these loans into them given the risk level and fund a provision fund. So they need a mlia to pick them up, but the mlia investers are not picking up the required level of loan parts, hence the advertising. The answer they hope i think is the isa mlia accounts that will make low return, risc loans gross into reasonable return loans net , transfering the tax savings in effect to their bottom line, transfered from the investers. Ok its a very hard view of the world , but the world is a hard place. Unlikely I’m afraid. They have said the mlia will be later than the packaged accounts. Unfortuantely they have also strongly suggested the packaged accounts rate will drop. So a 6% or similar GBBA will be ‘fed’ by the 7% or similar loans which AC seems to be finding currently.
|
|
trouble
Member of DD Central
Posts: 127
Likes: 97
|
Post by trouble on Dec 9, 2017 11:21:37 GMT
My very amateur feeling ,AC in all effect are their own underwriters via the 2 short term access accounts , but they need to churn loan parts into the other accounts to release funds to underwrite new loans. However the two 7% funds make the present offers to new lenders at rates around 8% uneconomic to put these loans into them given the risk level and fund a provision fund. So they need a mlia to pick them up, but the mlia investers are not picking up the required level of loan parts, hence the advertising. The answer they hope i think is the isa mlia accounts that will make low return, risc loans gross into reasonable return loans net , transfering the tax savings in effect to their bottom line, transfered from the investers. Ok its a very hard view of the world , but the world is a hard place. Unlikely I’m afraid. They have said the mlia will be later than the packaged accounts. Unfortuantely they have also strongly suggested the packaged accounts rate will drop. So a 6% or similar GBBA will be ‘fed’ by the 7% or similar loans which AC seems to be finding currently. I suspect the time difference is to see whether there is a large uptake in QAA / 30DAA deposits via ISA.
|
|
jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
|
Post by jonah on Dec 9, 2017 15:14:50 GMT
Unlikely I’m afraid. They have said the mlia will be later than the packaged accounts. Unfortuantely they have also strongly suggested the packaged accounts rate will drop. So a 6% or similar GBBA will be ‘fed’ by the 7% or similar loans which AC seems to be finding currently. I suspect the time difference is to see whether there is a large uptake in QAA / 30DAA deposits via ISA. Could be. My recollection of the email from AC suggested GBBA / GEIA / PSIA would also go live day 1, along with QAA / 30day. Given that it suggested a go live in Q4 this year though, we only have a maximum of 22 days left before we will know for sure!
|
|
|
|
Post by slumberingaccountant on Dec 9, 2017 17:06:17 GMT
By flagging up the iSA in advance, i am sure that some tax paying holders of MLIA loans at around 6-8 % will be trying to sell out and reinvest in one of the auto accounts inside the ISA. so i see quite a bit of movement in the SM for a while. I have beeen picking up more of some 8% loans over the last few days. Once the MLIA loans are available in the ISA there might be signifactly more demand and a sell back out of automated accounts.
Referring to the above points about lowering rates, as a non-tax paying i am hoping that the rates dont drop any further, although at lendinvest they still dropping too.
|
|
