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Post by bluehorseshoe on Jan 8, 2020 13:17:23 GMT
I've had about £200 unmatched in the 1yr market at 4.8% since before Christmas now.
However if I look on the rate trends it's been as high as 4.9% this year.
What am I missing here?
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jlend
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Post by jlend on Jan 8, 2020 13:40:24 GMT
My last match was 13 Dec at 4.9%.
I assume there has been very little volume on the 1 year since then, hence you see the Market Rate around 4.8% and 4.9% but probably only a few matches at much lower rates.
The 1 year is only property loans now, so there may well be very long periods with little or no matches as RS now also use the other markets for property loans.
Difficult to know how long you will have to wait if you stick at 4.8%
RS have ramped up their property lending. 42% of new lending over the last 3 months have been property.
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robski
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Post by robski on Jan 8, 2020 14:36:16 GMT
My last match was 13 Dec at 4.9%. I assume there has been very little volume on the 1 year since then, hence you see the Market Rate around 4.8% and 4.9% but probably only a few matches at much lower rates. The 1 year is only property loans now, so there may well be very long periods with little or no matches as RS now also use the other markets for property loans. Difficult to know how long you will have to wait if you stick at 4.8% RS have ramped up their property lending. 42% of new lending over the last 3 months have been property. Noticed that on the last email, thats a high proportion, and if they are really struggling to be able to support 6% investor return and they are writing 40%+ in property when the bust comes its going to absolutely demolish the provision fund Its difficult to tell if there is any logic to what goes to what market, my suspicion is they do it by stream, if so they could change that at any time. I dont think they particularly keep their eye on the ball, but they could switch things and you may see far far less in 1 year without any obvious change, other than the queue building up
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coogaruk
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Post by coogaruk on Jan 8, 2020 15:06:57 GMT
Best I've managed in the 1yr so far in 2020 is 4.6% (I won't go much lower than that)
The last time I matched above 5% was on 17th Dec @ 5.4%
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Post by herringbone on Jan 8, 2020 20:06:27 GMT
I matched @ 5.5% on 17/12/19. Been trying for 5% since 29/12/19
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upperdeane
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Post by upperdeane on Jan 9, 2020 22:22:24 GMT
I matched @ 5.5% on 17/12/19. Been trying for 5% since 29/12/19 Same here ..Its not good right now. Maybe the beginning of the end of my new investments with FC 1Yr. I'll give it a few more weeks waiting, then money off elsewhere.
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Post by jono75 on Jan 9, 2020 22:36:45 GMT
Trying to get 5% in 1yr since 26/12, I just can't bring myself to use plus at 4% with the three month penalty. 3.5% isn't all that enticing for the risk.
This year is going to be another kick in the teeth for savers, according to Martin Lewis new rules about surplus money not allowed to be invested is hitting the banks along with mortgage rate war. Glad I did lock some cash in at 2.75% (Now 2.1%) for five years at Gatehouse and some at Al Rayan for three. Even those Sharia banks rates are a lot lower now in the space of half a year.
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Post by bernythedolt on Jan 10, 2020 22:19:44 GMT
I matched @ 5.5% on 17/12/19. Been trying for 5% since 29/12/19 Same here ..Its not good right now. Maybe the beginning of the end of my new investments with FC 1Yr. I'll give it a few more weeks waiting, then money off elsewhere. The average loan volume written up by RS over these past three weeks looks lower than at any time in the past two years. I presume borrowers must be finding cheaper money elsewhere at the moment.
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aju
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Post by aju on Jan 11, 2020 16:01:59 GMT
Same here ..Its not good right now. Maybe the beginning of the end of my new investments with FC 1Yr. I'll give it a few more weeks waiting, then money off elsewhere. The average loan volume written up by RS over these past three weeks looks lower than at any time in the past two years. I presume borrowers must be finding cheaper money elsewhere at the moment. My 4.6% got lent into 1Y after < a day today - I thought it might stall. Sadly I had to drop from 4.8 and 4.9 after quite a few days of high numbers and little take up. There will be a lull sometime soon I guess although the general directions of rates does seem to be down. I know others are waiting for better rates but to be honest waiting too long for single points does make it less worthwhile not having it lent out. Its way better than Zopa at the moment I feel and that is still way above inflation tax. My money is relend money and i'm comfortable with RS at present. (I do tend to have my auto relend set high and I come in at the end of the week and change it down a little but after a few days it's diminishing returns to not have it lent out.)
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Post by bernythedolt on Jan 11, 2020 16:58:37 GMT
Same here ..Its not good right now. Maybe the beginning of the end of my new investments with FC 1Yr. I'll give it a few more weeks waiting, then money off elsewhere. The average loan volume written up by RS over these past three weeks looks lower than at any time in the past two years. I presume borrowers must be finding cheaper money elsewhere at the moment. It just so happens that a letter arrived this morning from my bank offering a personal loan. Normally goes straight in the bin, but I took a look. They are offering £7k to £15k over 1 to 5 years at a remarkable 3.3% APR! No wonder RS is struggling to offer lenders anywhere near 5% while continuing to target quality borrowers.
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