aju
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Post by aju on Aug 13, 2020 18:38:02 GMT
My experience is that any APM loans that dip below £10 are repaid in full. That's not been the case for loans in the 5 year market. I can vouch for 5Y I was left with a <10 loan yesterday, no probs for me though I can live with that it keeps all the tools that non old products people cannot see!. (Mind you as I don't know when that loan will quit/payup etc I have a £10 loan on offer in the 5Y too @ 10%. which also maintain the product tools)
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starfished
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Post by starfished on Aug 13, 2020 19:21:02 GMT
My experience is that any APM loans that dip below £10 are repaid in full. That's not been the case for loans in the 5 year market. Wouldn't this be another factor "slowing" down APM ryis for over £10 amounts. That money has to come from somewhere...
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star dust
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Post by star dust on Aug 13, 2020 19:39:39 GMT
Just to add, it was the only one where outstanding capital - capital repayment < £10 I've got a few more like that coming up later in the month, so I'll keep an eye, but this does seem to support your theory. Good detective work! And if I’m right, well done to RS for implementing a clever and helpful policy.
I dunno, it seems like every week someone pops up and asks the same question on this board............ zzzzzzzz
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chris1200
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Post by chris1200 on Aug 13, 2020 20:04:24 GMT
Good detective work! And if I’m right, well done to RS for implementing a clever and helpful policy.
I dunno, it seems like every week someone pops up and asks the same question on this board............ zzzzzzzz Hahaha very good! To be fair, when I mentioned this before in the posts quoted above (and a couple of other times) no one was kind enough to point this out! You only have yourselves to blame for my faux discovery
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star dust
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Post by star dust on Aug 14, 2020 8:12:53 GMT
Hahaha very good! To be fair, when I mentioned this before in the posts quoted above (and a couple of other times) no one was kind enough to point this out! You only have yourselves to blame for my faux discovery I have 1 loan in Access taken out in March this year that had gone below £10 in July and has made a further payment in August, it stands at £8.86 atm with the next monthly payment due in in September. So either it is not a hard and fast rule or Ratesetter have messed up. I think I'll query it tomorrow. I always thought the purpose of RateSetter getting rid of those under £10 in A/M/P was so that people didn't have issues RYI'ing in these accounts, but I have to admit that I've been slightly surprised that they have continued redeeming these under current conditions. I expected them to stop doing it en-route to the RYI and maybe just do any at point of RYI release. However, I've definitely had them still, and iirc have even had one this week.
On another note for those interested in these things I've had my slice of an 18 month bullet payment £107k property loan from January redeem this morning. Glad to see these sort of redemptions coming in (assuming it wasn't to re-finance of course).
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chris1200
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Post by chris1200 on Aug 14, 2020 9:16:16 GMT
On another note for those interested in these things I've had my slice of an 18 month bullet payment £107k property loan from January redeem this morning. Glad to see these sort of redemptions coming in (assuming it wasn't to re-finance of course). Awesome - and perhaps not the only one of these given that £1m is available at the standard going rates in A/P/M
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beagle
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Post by beagle on Aug 14, 2020 9:42:07 GMT
On another note for those interested in these things I've had my slice of an 18 month bullet payment £107k property loan from January redeem this morning. Glad to see these sort of redemptions coming in (assuming it wasn't to re-finance of course). Awesome - and perhaps not the only one of these given that £1m is available at the standard going rates in A/P/M Nice result
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aju
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Post by aju on Aug 14, 2020 10:04:49 GMT
Probably not relevant but a 1Y loan for 178k finished a couple of days ago too for me I only had £28 in it but hey its all income at the end of the day.
It was property too ... do these go into the new markets though or stay on the 1Y market?.
It finished normally though so also not sure it counts - grabbed it quick before my contribution got lent out again.
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chris1200
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Post by chris1200 on Aug 14, 2020 10:06:03 GMT
Probably not relevant but a 1Y loan for 178k finished a couple of days ago too for me I only had £28 in it but hey its all income at the end of the day. It was property too ... do these go into the new markets though or stay on the 1Y market?. That depends on the relevant investors' re-investment settings
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aju
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Post by aju on Aug 14, 2020 10:10:12 GMT
Oops crossed paths whilst editing ...
grabbed money quick before my contribution got lent out again!.
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aju
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Post by aju on Aug 14, 2020 16:00:39 GMT
@16:52 I just checked the lending volume for this week so far and it's the highest its been since COP Sat 28/3 when it was 10M. At present it's sitting at 8.69M and there are 2 more days yet!.
The lending volume figures don't include RYI I believe. One can add the RYI to the LV to get the overall volume for a given week.
I know it's early and RYI today has not yet reported unless it has whilst I was writing this.
I wonder if next week might be a little slower than this perhaps to compensate or has something else happened or worse has RS given less to RYI, they have looked a little low this week so far.
(Hope fully i'm just too early and RYI Fri is going to be better day)
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robski
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Post by robski on Aug 14, 2020 16:14:35 GMT
@16:52 I just checked the lending volume for this week so far and it's the highest its been since COP Sat 28/3 when it was 10M. At present it's sitting at 8.69M and there are 2 more days yet!. The lending volume figures don't include RYI I believe. One can add the RYI to the LV to get the overall volume for a given week. I know it's early and RYI today has not yet reported unless it has whilst I was writing this. I wonder if next week might be a little slower than this perhaps to compensate or has something else happened or worse has RS given less to RYI, they have looked a little low this week so far. (Hope fully i'm just too early and RYI Fri is going to be better day) I doubt it, wasnt great money in 5 year today so I expect another low day
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Post by RateSetter on Aug 14, 2020 16:17:05 GMT
Good afternoon. Today we have delivered £0.3m, and the full update is below:
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chris1200
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Post by chris1200 on Aug 14, 2020 16:22:12 GMT
@16:52 I just checked the lending volume for this week so far and it's the highest its been since COP Sat 28/3 when it was 10M. At present it's sitting at 8.69M and there are 2 more days yet!. The lending volume figures don't include RYI I believe. One can add the RYI to the LV to get the overall volume for a given week. I know it's early and RYI today has not yet reported unless it has whilst I was writing this. I wonder if next week might be a little slower than this perhaps to compensate or has something else happened or worse has RS given less to RYI, they have looked a little low this week so far. (Hope fully i'm just too early and RYI Fri is going to be better day) I mean, this just supports what I and others have been saying, right? It seems RS has increased new lending somewhat recently, and - given most (if not almost all) of this is coming out of A/P/M - this means much less money for A/P/M RYI processing. Yay for us. (On a side note just to be clear, I don't think 'adding RYI to the LV' gives you the 'overall volume'. RYIs aren't added 'volume' per se; they're just transferring a loan from one investor to another, with no change in lending 'volume')
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chris1200
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Post by chris1200 on Aug 14, 2020 16:23:13 GMT
@16:52 I just checked the lending volume for this week so far and it's the highest its been since COP Sat 28/3 when it was 10M. At present it's sitting at 8.69M and there are 2 more days yet!. The lending volume figures don't include RYI I believe. One can add the RYI to the LV to get the overall volume for a given week. I know it's early and RYI today has not yet reported unless it has whilst I was writing this. I wonder if next week might be a little slower than this perhaps to compensate or has something else happened or worse has RS given less to RYI, they have looked a little low this week so far. (Hope fully i'm just too early and RYI Fri is going to be better day) I doubt it, wasnt great money in 5 year today so I expect another low day Did it look around £0.3m? If so, I guess we didn't get to see any of that £1m in A/P/M (yet again). Wonderful.
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