alanh
Posts: 556
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Post by alanh on Mar 27, 2020 10:03:50 GMT
RYI's in the 5 year market from the 12th came through a few days ago
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Post by Ace on Mar 27, 2020 10:25:25 GMT
RYI's in the 5 year market from the 12th came through a few days ago Somewhat ironic that the 5 year account has quicker access than the Access account.
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benaj
Member of DD Central
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Post by benaj on Mar 27, 2020 11:09:43 GMT
RYI's in the 5 year market from the 12th came through a few days ago Somewhat ironic that the 5 year account has quicker access than the Access account. Can someone confirm RYI in Max is quicker than Plus / Access as well?
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jlend
Member of DD Central
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Post by jlend on Mar 27, 2020 11:14:27 GMT
Somewhat ironic that the 5 year account has quicker access than the Access account. Can someone confirm RYI in Max is quicker than Plus / Access as well? Access, Plus, Max is the same queue for both investing and RYI The difference between Access, Plus and Max is the interest rate you can earn and the fee you pay to exit. There are 3 queues for RYI Access/Plus/Max 1 Year 5 Year
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Post by Badly Drawn Stickman on Mar 27, 2020 11:20:39 GMT
Can someone confirm RYI in Max is quicker than Plus / Access as well? Access, Plus, Max is the same queue for both investing and RYI The difference between Access, Plus and Max is the interest rate you can earn and the fee you pay to exit. There are 3 queues for RYI Access/Plus/Max 1 Year 5 Year They may have a preference for prioritising the sale of 5 year and 1 year, given it would seem they would be happy to phase these out. I am assuming that a RYI on these accounts removes future access, but that is just an assumption. Maybe somebody with experience could comment?
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jlend
Member of DD Central
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Likes: 1,463
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Post by jlend on Mar 27, 2020 11:31:04 GMT
Access, Plus, Max is the same queue for both investing and RYI The difference between Access, Plus and Max is the interest rate you can earn and the fee you pay to exit. There are 3 queues for RYI Access/Plus/Max 1 Year 5 Year They may have a preference for prioritising the sale of 5 year and 1 year, given it would seem they would be happy to phase these out. I am assuming that a RYI on these accounts removes future access, but that is just an assumption. Maybe somebody with experience could comment? From my recent experience you loose access to the 1 year and 5 year if you completely sell out and have no loans left. You can't sell out of loans less than 10 pounds. So for example if you sell out and are left with a few under 10 pound loans you can continue to invest.
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Post by Deleted on Mar 27, 2020 12:50:03 GMT
If you want to retain access to 1Y or 5Y, add a loan offer at 10% before the RYI goes through. An offer is enough to keep access. If the RYI goes through and you cancel the offer, you'll lose access.
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Post by Undecided on Mar 27, 2020 17:57:28 GMT
Looks like Access might reach 5% tonight or tomorrow if anyone wants to throw some money in to help the ryi queue.
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Post by RateSetter on Mar 27, 2020 18:12:17 GMT
Good evening everyone. The latest update is below - we have delivered £0.7m today.
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Post by gravitykillz on Mar 27, 2020 18:46:14 GMT
I am not overly worried as I only have £270 in ratesetter at 4.9%.
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Post by gravitykillz on Mar 27, 2020 18:47:30 GMT
I have 1k in assetz. 5k in crowdproperty and 3k in lendinvest.
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Post by gravitykillz on Mar 27, 2020 18:48:42 GMT
Was wondering how much I could lose due to Corona. Half ? A third? No idea at all
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Post by cinereus on Mar 28, 2020 0:00:22 GMT
Good evening everyone. The latest update is below - we have delivered £0.7m today. Please can you clarify why we currently cannot release investments? After receiving the quotation, the next page throws the following error: Sorry! There was a problem with the page that you asked for. Note that we have recently updated our site and some pages have been moved.
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Post by BrianC on Mar 28, 2020 1:38:17 GMT
Was wondering how much I could lose due to Corona. Half ? A third? No idea at all Wow, pessimistic much! 4 possible outcomes as I see it.... 1. You lose absolutely nothing. RS get through this and become stronger from it. RYI’s continue albeit slow. Repayments continue as normal. 2. Defaults rise meaning the provision fund runs low or empty. Returns are reduced so everyone receives a lower rate of interest. No capital is lost. RYI isn’t available for a while but repayments still come in. 3. Defaults rise significantly meaning the provision fund empties. Returns are reduced meaning no interest is received and a small loss on capital but 90%+ of capital protected. RYI isn’t available for a long time but repayments still come in. 4. RS go out of business. Their loan book is run down by the administrators. Investors receive returns slowly and much depleted. Just 4 possibilities I can think of, From 1, very likely, to 4, very unlikely. All IMHO. Certainly more hopeful about this than you though.
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Post by cinereus on Mar 28, 2020 1:51:44 GMT
In scenario 4 half is not at all pessimistic.
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