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Post by erniec on Mar 10, 2020 18:34:00 GMT
The 1 year currently doesn’t have enough lenders. If you still have access to the 1 year, worth a look:
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Post by megadriveguy on Mar 11, 2020 4:10:05 GMT
Market has no money on it
Matching at 10% right now
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Nomad
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Post by Nomad on Mar 11, 2020 4:44:00 GMT
Market has no money on it Matching at 10% right now Thank you!!
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macq
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Post by macq on Mar 11, 2020 7:48:25 GMT
should we run a poll on expected repayment date?
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benaj
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Post by benaj on Mar 11, 2020 8:49:24 GMT
Borrower details: Borrower APR 9.2%, Amount 255k Type: property.
😀
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rscal
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Post by rscal on Mar 11, 2020 10:46:51 GMT
When I go there now it says '4.7%'. When I click on 'set your own rate' the queue now opens at 2.7%
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aju
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Post by aju on Mar 11, 2020 11:40:36 GMT
When I go there now it says '4.7%'. When I click on 'set your own rate' the queue now opens at 2.7% I think they may be settings saved in your browser as mine seem to have higher numbers than you when I switch to 5 year inside the function it changes from 5.4 to 5.7. I think they are last rates I set but to be fair I have not used those for a while since Access was giving better rates recently. I could be wrong though. edit:2 it seems I am wrong and you are right very odd indeededit1: just checking new products the ability to switch product when inside the lending tool does seem a bit flakey too - it lets me switch from access to 1/5 year but then not back to Access. I think thats what happened but its definitely not that intelligent as I think they designed it to be. edit3: Again I could be wrong but it looks to me that its picking the rate for the 2nd from bottom rate as displayed in the list of rates. It remind me when ISO9241 standard for menu design decided that menu options had to be free running in that once you have selected a menu option you could not longer get to same option you last selected and select the one above when you clicked the wrong one by mistake. You had go back through the list of options it took you quite some time to find in the the first place. I suffer from that syndrome every time MS changes one of it's products and thinks they should move all the menu options somewhere else (settings is a case in point) .... Phew that took a while to write.
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coogaruk
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Post by coogaruk on Mar 11, 2020 12:28:13 GMT
I matched at 10% on an order placed yesterday, having noticed that there was higher borrower demand than money available.
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macq
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Post by macq on Mar 11, 2020 15:13:50 GMT
Looks like just over 8% on 1 yr
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Post by erniec on Mar 11, 2020 15:51:55 GMT
Yes, anyone for a significant slice at 8.3%?
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Post by wildlife2 on Mar 11, 2020 16:10:23 GMT
It's not going very fast, everyone must be out shopping today. Or shopping for shares perhaps.
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ceejay
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Post by ceejay on Mar 11, 2020 16:33:35 GMT
It's not going very fast, everyone must be out shopping today. Or shopping for shares perhaps. Still plenty left. I just hoovered up a little bit - I might have gone for more if I weren't pretty sure that it will be repaid soon. No point in making too many waves. As for shopping for shares - well, yes, there may be a time when that becomes very tempting but right now I'd say that any of the RS products is considerably lower risk in the short term than any S&S investment!
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ceejay
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Post by ceejay on Mar 11, 2020 16:45:01 GMT
If this sort of thing keeps happening then one has to suppose that RS will just pull the plug on new loans in this market altogether.
They've made it impossible to access for new lenders, or old lenders who've had their last 1Y loan repaid.
They've made it difficult to access even for those few who are still permitted.
Presumably there is some process which allocates borrowing to this market, and today it's gone wrong. The result will be a cost to RS, even if they do wind up cashing in and reissuing these loans. How long will they keep doing this?
PS - Normal market conditions have now resumed...
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benaj
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Post by benaj on Mar 11, 2020 17:03:39 GMT
It seems someone have put a big lump sum to get rid / satisfy of the borrower's demand, or is it just a cashflow trick by RS? I have no idea
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benaj
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Post by benaj on Mar 11, 2020 17:04:56 GMT
I matched at 10% on an order placed yesterday, having noticed that there was higher borrower demand than money available. Your 10% was worth it, it could have been a different result today.
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