|
|
Post by Ace on Apr 26, 2021 16:52:34 GMT
It turned out that I had 33p in the QAA that wasn't subject to a withdrawal request.
I issued a new withdrawal request for it at 15:39 and it completed at 16:33, so almost back to (old) normal.
|
|
Steerpike
Member of DD Central
Posts: 1,977 
Likes: 1,687
|
Post by Steerpike on Apr 26, 2021 16:53:19 GMT
Myself included, every last penny in these Access Accounts been paid back. I am sending off my transfer out form to HL shortly. Now all that is left is defaulted loans in the zombie accounts, these amount to like £100 so its basically done and dusted at this point. Is that an ISA transfer form? HL recently told me that the reason that they had not processed mine was because they have a 6 week backlog and that is before they start the process.
|
|
|
|
Post by Harland Kearney on Apr 26, 2021 17:07:44 GMT
Myself included, every last penny in these Access Accounts been paid back. I am sending off my transfer out form to HL shortly. Now all that is left is defaulted loans in the zombie accounts, these amount to like £100 so its basically done and dusted at this point. Is that an ISA transfer form? HL recently told me that the reason that they had not processed mine was because they have a 6 week backlog and that is before they start the process. Yes, I however do not wish to lose the tax shelter allowance as its a full years worth. Whatever the wait is, I'm fine with it. I simply cannot invest in these AA's with the complexity and ever changing rules on the AA's. Too low a rate for a investment I don't understand anymore.
|
|
dead-money
Rocket to the Moon
Posts: 746
Likes: 654
|
Post by dead-money on Apr 27, 2021 7:39:21 GMT
Is that an ISA transfer form? HL recently told me that the reason that they had not processed mine was because they have a 6 week backlog and that is before they start the process. Yes, I however do not wish to lose the tax shelter allowance as its a full years worth. Whatever the wait is, I'm fine with it. I simply cannot invest in these AA's with the complexity and ever changing rules on the AA's. Too low a rate for a investment I don't understand anymore. You could do an ISA transfer to LoanPad, takes under a week ; then do the drawn out transfer to S&S ISA from there, at least you'll be earning some interest still that way. (Just an idea)
|
|
rscal
Posts: 985
Likes: 537
|
Post by rscal on Apr 27, 2021 8:13:21 GMT
Myself included, every last penny in these Access Accounts been paid back. I am sending off my transfer out form to HL shortly. Now all that is left is defaulted loans in the zombie accounts, these amount to like £100 so its basically done and dusted at this point. Is that an ISA transfer form? HL recently told me that the reason that they had not processed mine was because they have a 6 week backlog and that is before they start the process. 'Six weeks'! Is that for money going 'in'? The Financial Services 'star' has fallen mightily when you're just grateful to the Solicitor for putting all your money into escrow. It really says a great deal about money when people have stopped 'time maximization' [JMO]
|
|
cb25
Posts: 3,528
Likes: 2,668
|
Post by cb25 on Apr 29, 2021 9:32:35 GMT
Loan #1124 has been redeemed, £73K
|
|
ceejay
Posts: 975
Likes: 1,149
|
Post by ceejay on Apr 30, 2021 8:39:07 GMT
FYI, although I have reduced my AA holdings over the last year I left some behind because it felt like it had a place in my portfolio. As it happens, yesterday I decided I wanted some out (not a judgement on AC, just usual money management stuff) ... I was offered the opportunity to withdraw immediately at 0.09% but thought, what the hell, so went for the full 0% discount. It was matched overnight.
Not quite "access" as we knew it but not far off...
|
|
rscal
Posts: 985
Likes: 537
|
Post by rscal on Apr 30, 2021 8:43:15 GMT
FYI, although I have reduced my AA holdings over the last year I left some behind because it felt like it had a place in my portfolio. As it happens, yesterday I decided I wanted some out (not a judgement on AC, just usual money management stuff) ... I was offered the opportunity to withdraw immediately at 0.09% but thought, what the hell, so went for the full 0% discount. It was matched overnight. Not quite "access" as we knew it but not far off... A few days ago I requested £1 at par about 9.30am. It was fulfilled within 10 minutes so I guess it's pretty near instant for some amounts during the day.
|
|
cb25
Posts: 3,528
Likes: 2,668
|
Post by cb25 on Apr 30, 2021 9:11:43 GMT
Loan #1084 has repaid £325K (to be allocated £280K/£45K retail/CBILS resp)
|
|
iRobot
Member of DD Central
Posts: 1,680
Likes: 2,477
|
Post by iRobot on May 2, 2021 13:42:42 GMT
April has started strongly - understandably, given IFISAs - will be interesting to see how it continues. Updated table to include April's (partial) figures, average daily payment received by month per £10k of holding: | Jun '20 | 3.60 | Sep '20 | 3.88 | Dec '20 | 6.61 | Mar '21 | 248.03 | | Jul '20 | 8.65 | Oct '20 | 5.38 | Jan '21 | 37.13 | Apr '21 | 874.00 | | Aug '20 | 8.61 | Nov '20 | 3.28 | Feb '21 | 72.29 | May '21 | - |
Figures for April such as I am able to report. As with many others, the April 26th payment saw 100% of my investment returned, so the April figure quoted above is for the previous 25 days. This particular account will now be closed. (It was a business account and AC was used to hold a % of excess cash. I'm in the process of winding that business down so will close the AC account as the legal entity which stood behind it will shortly cease to exist.) The AC account held in my personal name remains open with a near-zero balance as it has done since successfully withdrawing on 11/03/20. Going forward, I'll periodically review AC's performance in terms of new loan origination and weigh that performance in conjunction with property market conditions before utilising AC again. stuartassetzcapital / chris - many thanks to you both for the engagement here and on other channels. Can't say I've agreed with all decisions Assetz have made in the last 15 months or so, but Assetz were never going to please all the people, all the time. Pleasing most of the people, (pretty much) most of the time was no mean feat given the circumstances. I wish Assetz, their staff and remaining investors good fortune over the next 6-12 months but for now: 'so long and thanks for all the interest'. 👍 😊
|
|
cb25
Posts: 3,528
Likes: 2,668
|
Post by cb25 on May 7, 2021 13:25:48 GMT
Loan #1195 was redeemed yesterday (6/5), £75K including interest
Loan #590 has repaid £250K
|
|
Steerpike
Member of DD Central
Posts: 1,977
Likes: 1,687
|
Post by Steerpike on May 10, 2021 11:01:31 GMT
Myself included, every last penny in these Access Accounts been paid back. I am sending off my transfer out form to HL shortly. Now all that is left is defaulted loans in the zombie accounts, these amount to like £100 so its basically done and dusted at this point. Is that an ISA transfer form? HL recently told me that the reason that they had not processed mine was because they have a 6 week backlog and that is before they start the process. Sure enough almost 6 weeks to the day since I sent my ISA transfer request to HL, today I received an email confirming receipt.
I'm feeling pretty cheesed off as I had cash waiting on AC throughout that time as I was not sure that it would otherwise have been immediately available.
|
|
cb25
Posts: 3,528
Likes: 2,668
|
Post by cb25 on May 10, 2021 12:44:58 GMT
Loan #590 has been redeemed, £137K including interest
Loan #1205 has repaid £130K
|
|
cb25
Posts: 3,528
Likes: 2,668
|
Post by cb25 on May 13, 2021 8:24:48 GMT
Loan #690 has repaid £25K
Loan #1084 has repaid £305K (to be allocated £263K/£42K retail/CBILS resp)
|
|
dead-money
Rocket to the Moon
Posts: 746
Likes: 654
|
Post by dead-money on May 13, 2021 8:28:50 GMT
Given that you can now get £10Ks out of QAA in minutes without discounting are we not now back to 'normal' market conditions?
Wonder what's the hold-up with AC introducing their traffic light system?
|
|
