starfished
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Post by starfished on Dec 4, 2014 14:55:44 GMT
Market possibly illogical, though I can think of arguments why the rate curve shouldn't necessarily always be upwards
Plus timeframe comparison is closer to 1 year vs approx. 1.5 years (the 3 year has repayments)
I suspect 1 year is higher due to limited other options relative to the many other options on the 3 year repayable P2P market front?
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Post by p2plender on Dec 4, 2014 15:54:16 GMT
I think 5 year has just been capped at 6% for 2014 as well....
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Post by westonkevRS on Dec 6, 2014 14:43:22 GMT
I just took 5.9%, there is £1.2m sitting at 6.0% so I took the rate today whilst I could easily.... I hope I'm not accused of manipulating he markets....
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duck
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Post by duck on Dec 6, 2014 15:35:48 GMT
I just took 5.9%, there is £1.2m sitting at 6.0% so I took the rate today whilst I could easily.... I hope I'm not accused of manipulating he markets.... I feel the 'accusing' stage can be missed out since we have a written confession ........
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agent69
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Post by agent69 on Dec 6, 2014 18:01:22 GMT
I just took 5.9%, there is £1.2m sitting at 6.0% so I took the rate today whilst I could easily.... I hope I'm not accused of manipulating he markets.... Maybe just accused of being in a bit of a rush. You should have held out for 6%
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oldgrumpy
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Post by oldgrumpy on Dec 10, 2014 13:00:18 GMT
What happened this morning? There was almost nothing in the 5.8% last night, lots waiting in 5.9%. yet RS have suddenly chosen to call 5.8% the "market rate" rather than the more likely 5.9%. Did someone drop in a few tens of thousands into 5.8% while I was asleep? (Kevin's petty cash box getting too heavy, maybe?)
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c88dnf
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Post by c88dnf on Dec 10, 2014 15:16:00 GMT
What happened this morning? There was almost nothing in the 5.8% last night, lots waiting in 5.9%. yet RS have suddenly chosen to call 5.8% the "market rate" rather than the more likely 5.9%. Did someone drop in a few tens of thousands into 5.8% while I was asleep? (Kevin's petty cash box getting too heavy, maybe?) Yes, that's exactly what happened and it was more than tens of thousands. Seems someone's not spending much in the run-up to Christmas. Rates will doubtless drop like a stone during the inevitable Festering Season lull in borrowing. The good news is that RS lending appears to be back on an upward trend after wallowing for around a month. I'll post some comparative data for RS & Zopa next week, but bottom line is that RS continues to outsell Zopa consistently.
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Post by davee39 on Dec 10, 2014 17:48:17 GMT
And that's with RS rates more than 2% higher than Zopa. Z have been stuck only going for premium borrowers with rates on loans as low as 4.4% which compete head on with offers from certain Banks for the same customers. If they cannot find growth elsewhere they may have to resort to property bridging loans  .
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Post by yorkshireman on Dec 11, 2014 9:49:52 GMT
I don’t know about rates being manipulated down but looking at 5 year rates this morning some people would appear to have taken leave of their senses. Good luck to anyone who is daft enough to lend at 5.3 to 5.6% over 5 years with the following scenario a possibility after the election: uk.news.yahoo.com/snp-surge-uks-most-left-wing-government-since-121744171.html#tLVqh8eShould that happen then we may well have a rerun of Denis Healey’s visit to the IMF and interest rates going through the roof. Beware!! |
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Post by davee39 on Dec 11, 2014 10:17:28 GMT
I don’t know about rates being manipulated down but looking at 5 year rates this morning some people would appear to have taken leave of their senses. Good luck to anyone who is daft enough to lend at 5.3 to 5.6% over 5 years with the following scenario a possibility after the election: uk.news.yahoo.com/snp-surge-uks-most-left-wing-government-since-121744171.html#tLVqh8eShould that happen then we may well have a rerun of Denis Healey’s visit to the IMF and interest rates going through the roof. Beware!! A pre-christmas good news article. Perhaps an alternative Govt would have less desire to squeeze savers to benefit millionaire borrowers in London. The 5.3% lenders are altruists filled with Santa Spirit. I suspect most of us are looking for something better.
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Post by oldatheist on Dec 11, 2014 10:52:57 GMT
Scotland seems to be doing quite nicely under the SNP, so I don't think we need to be too scared. On the other hand a Tory / UKIP coalition scares the pants off me, and if that happens we will seriously consider moving north.
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Post by yorkshireman on Dec 11, 2014 11:45:56 GMT
Scotland seems to be doing quite nicely under the SNP And who is paying for it?
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Post by yorkshireman on Dec 11, 2014 11:54:34 GMT
I don’t know about rates being manipulated down but looking at 5 year rates this morning some people would appear to have taken leave of their senses. Good luck to anyone who is daft enough to lend at 5.3 to 5.6% over 5 years with the following scenario a possibility after the election: uk.news.yahoo.com/snp-surge-uks-most-left-wing-government-since-121744171.html#tLVqh8eShould that happen then we may well have a rerun of Denis Healey’s visit to the IMF and interest rates going through the roof. Beware!! A pre-christmas good news article. Perhaps an alternative Govt would have less desire to squeeze savers to benefit millionaire borrowers in London. The 5.3% lenders are altruists filled with Santa Spirit. I suspect most of us are looking for something better.
Salmond and Sturgeon? If they weren’t so dangerous it would sound like a fishy comedy act. Perhaps an alternative Govt would have less desire to squeeze savers to benefit millionaire borrowers in London.
No such thing exists today. The 5.3% lenders are altruists filled with Santa Spirit. I suspect most of us are looking for something better.
Bah Humbug! to the first part, agree 100% with the second part!
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agent69
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Post by agent69 on Dec 11, 2014 19:44:44 GMT
What happened this morning? There was almost nothing in the 5.8% last night, lots waiting in 5.9%. yet RS have suddenly chosen to call 5.8% the "market rate" rather than the more likely 5.9%. Did someone drop in a few tens of thousands into 5.8% while I was asleep? (Kevin's petty cash box getting too heavy, maybe?) Yes, that's exactly what happened and it was more than tens of thousands. About £400k I believe. Currently down to less than £300k, so I'm holding out for the end of month spike (does this happen over Christmas?)
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Post by GSV3MIaC on Dec 11, 2014 20:59:47 GMT
I'm holding out too - recycled funds for 5.9% or bust, adding new money for 'a less wearing' website. 8>. Obviously they are not suffering from my missing funds (or not enough).
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