morris
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Post by morris on Mar 19, 2023 8:40:13 GMT
PL is designed to prevent this. They told me ' you can't buy a loan you already own'. firedog & Ace are referring to the sale of a holding in a loan in a non-ISA account and the re-purchase of the same holding in an ISA account. In the case of PL, the accounts should be separate identities, so the 'you' buying isn't the same as the 'you' selling. Do Proplend really prevent me from selling a holding and re-purchasing in an ISA account? [This is hypothetical for me - I don't have a Proplend ISA account.] If you place a loan for sale from your classic account on the secondary market you will be unable to see it for sale, let alone buy it in your ISA account, or vice versa.
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eeyore
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Post by eeyore on Mar 19, 2023 13:44:53 GMT
Note: Two copies of Firefox of the same version doesn't work but one Firefox and one Chromium (or two different versions of Firefox) does work - tested with Proplend and Crowdproperty. But it's slower - two computers would be preferred if only because it makes it easier to remember which user is which. Now I'm confused - how can you test CrowdProperty if it doesn't have a secondary market? "Tested" in the sense of logging into two different accounts on the same P2P platform simultaneously on the same computer and checking that both accounts can respond (listing loans available, contents of portfolio, etc, on the assumption that loan sale and purchase would also function). Apologies for raising anyone's hopes - this was just an academic exercise on my part to ascertain whether two physical computers were required.
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Post by birdie on May 2, 2023 7:58:12 GMT
What a pleasant surprise the increase in rates has made to the ISA account this morning.
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Post by barnsleybiker on May 12, 2023 8:50:19 GMT
12th May, 2023. since the last bank of england rise i haven't heard from loanpad abart any planned rate % rises for the coming months.
did i miss the email or is nowt happening?
any news loan-padders? thx
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firedog
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Post by firedog on May 12, 2023 9:32:09 GMT
12th May, 2023. since the last bank of england rise i haven't heard from loanpad abart any planned rate % rises for the coming months. did i miss the email or is nowt happening? any news loan-padders? thx Rates last went up only 11 days ago; haven't heard any further news
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Post by barnsleybiker on May 12, 2023 13:20:27 GMT
On Thursday 11 May 2023, the bank of England raised the interest rate (Bank Rate) by 0.25 percentage points to 4.5%. i just wondered if i had missed an email from loanpad.
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Post by df on May 12, 2023 19:21:00 GMT
On Thursday 11 May 2023, the bank of England raised the interest rate (Bank Rate) by 0.25 percentage points to 4.5%. i just wondered if i had missed an email from loanpad. No you didn't They will probably announce further scheduled increases soon, but I doubt they will be very persuasive. These rapid BoE increases are big challenge for LP, I think.
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Post by Ace on May 12, 2023 19:33:12 GMT
On Thursday 11 May 2023, the bank of England raised the interest rate (Bank Rate) by 0.25 percentage points to 4.5%. i just wondered if i had missed an email from loanpad. No you didn't They will probably announce further scheduled increases soon, but I doubt they will be very persuasive. These rapid BoE increases are big challenge for LP, I think. I don't have the full stats, but I do look at each new loan that's taken on. The vast majority for several months now have been at least 8% to LP. Many more than that, and many have a higher rate range, which I assume means that they are linked to the base rate. There are obviously lots of legacy loans at lower rates, but the balance is changing almost daily. Their total funds under management has started to slowly grow since the last rises. I think there is scope to keep ahead of FSCS accounts with similar terms. I certainly hope so, anyway.
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Post by scrumper on May 30, 2023 11:47:55 GMT
Notification of rate increases via email today.
19 Jun Classic 4.6% 19 Jun Premium 5.6%
17 Jul Classic 4.8% 17 Jul Premium 5.8%
No mention of ISA, presumably because I don't hold one with them.
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Post by nesako on May 30, 2023 11:57:02 GMT
Notification of rate increases via email today. 19 Jun Classic 4.6% 19 Jun Premium 5.6%
17 Jul Classic 4.8% 17 Jul Premium 5.8%
No mention of ISA, presumably because I don't hold one with them. I hold ISA with them but got same e-mail… seems like classic will overtake ISA in July. My bet is both will get then aligned in August, but will see
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mogish
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Post by mogish on May 30, 2023 13:16:59 GMT
Hmmm I never thought it didnt cover isa. Hopefully it does.
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Post by Harland Kearney on May 30, 2023 13:31:23 GMT
I believe it would sync with ISA. It wouldn't make much sense if it didn't from Loanpads history but have to agree I thought that would be the first comments posted here If we see another Rate Hike I think 6% for ISA might be on the table after July . The July 5.8% rate is very attractive for my portfolio, especially my Limited Company, good work as always Loanpad.
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mogish
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Post by mogish on May 30, 2023 13:42:46 GMT
I believe it would sync with ISA. It wouldn't make much sense if it didn't from Loanpads history but have to agree I thought that would be the first comments posted here If we see another Rate Hike I think 6% for ISA might be on the table after July . The July 5.8% rate is very attractive for my portfolio, especially my Limited Company, good work as always Loanpad. I agree. Wish I hadn't fixed at 4.5% now with another provider! However not a bad thing to stick to my p2p limits. Bird in the Bush and all that 😁
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Post by Ace on May 30, 2023 15:14:09 GMT
I understand from Loanpad that ISA rates will also be increasing.
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firedog
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Post by firedog on May 31, 2023 11:07:00 GMT
Yes, email confirmation of that today for ISA holders
As of 17 July 2023: Classic 4.80% Premium 5.80%
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