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Post by cmundo on May 19, 2020 12:49:18 GMT
I’m sure I read somewhere that it’s still 1.5% of the value released at actual time of release, rather than at time of quote which may have been many weeks since under current climate. I’m waiting for my 5 yr RYI of 18th March, should be this week or next hopefully!
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Post by mdub on May 19, 2020 13:19:42 GMT
I had an RYI from the 5YR market released earlier this month and the fee was indeed 1.5% of the released amount, not of the initial value when the request was made.
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
Likes: 322
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Post by beagle on May 19, 2020 13:51:47 GMT
yup it is 1.5% of the CAPITAL not more not less (no 90 days). i would wait or set holding account to exit if you can wait
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Post by carrdelling on May 19, 2020 18:04:07 GMT
But 1.5% of the capital on loans returning a 6.0% (wasn't that hard to get that in the 5 year market even some months ago) is equivalent to 90 days of interest - less days if the interest is even higher than 6.0%.
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