chris1200
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Post by chris1200 on Aug 5, 2020 9:36:19 GMT
I would hope both buyers and sellers would be able to set their own levels yup. Not quite understanding why its taking sooooo long to implement though. Its already Wednesday of ‘next week’ and we have no detail on the market workings and repayments are halted! If I were more cynical, I might think this was a convenient way to get investors to have a decent amount of cash sitting in their accounts so they might be a little more tempted to buy in the secondary market if there are some nice discounts... Good thing I’m not so cynical 
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dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on Aug 5, 2020 9:52:44 GMT
I would hope both buyers and sellers would be able to set their own levels yup. Not quite understanding why its taking sooooo long to implement though. Its already Wednesday of ‘next week’ and we have no detail on the market workings and repayments are halted! If I were more cynical, I might think this was a convenient way to get investors to have a decent amount of cash sitting in their accounts so they might be a little more tempted to buy in the secondary market if there are some nice discounts... Good thing I’m not so cynical I am "apparently"cynical A. IF ac release funds recently received first. B. Released fri evening last thing as ac doors close and as the building alarm beeps as its set. C. (b) catches more of the ratesetter,s fleeing investors ££.
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chris1200
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Post by chris1200 on Aug 5, 2020 9:56:13 GMT
I am "apparently"cynical A. IF ac release funds recently received first. B. Released fri evening last thing as ac doors close and as the building alarm beeps as its set. C. (b) catches more of the ratesetter,s fleeing investors ££. To catch RateSetter 'fleeing investors' we need to actually be able to flee first 
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Post by dave4 on Aug 5, 2020 10:17:12 GMT
I am "apparently"cynical A. IF ac release funds recently received first. B. Released fri evening last thing as ac doors close and as the building alarm beeps as its set. C. (b) catches more of the ratesetter,s fleeing investors ££. To catch RateSetter 'fleeing investors' we need to actually be able to flee first 
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upperdeane
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Post by upperdeane on Aug 5, 2020 15:14:51 GMT
To catch RateSetter 'fleeing investors' we need to actually be able to flee first Indeed!
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blender
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Post by blender on Aug 5, 2020 16:37:37 GMT
I'm not sure I want to sell my Access holdings to RateSetter refugees. Do we know if we can charge a premium?
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Post by essexboy on Aug 5, 2020 16:54:38 GMT
With the way the stock market and savings market interest rates are looking (up and down respectively), and by the time AC actually implement the facility, the book will COMMAND a premium! |
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dead-money
Rocket to the Moon
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Post by dead-money on Aug 5, 2020 17:05:11 GMT
And were are those wanting to flee AC going to next I wonder?
Who's still got their doors open to new lenders and can be trusted to keep those doors open?
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dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on Aug 5, 2020 17:22:40 GMT
And were are those wanting to flee AC going to next I wonder?
Who's still got their doors open to new lenders and can be trusted to keep those doors open?
That is the million dollar question........? I personally think assets wont go down as a platform, and as a lender will have to stand more risk for less reward (estimate 25/50 worse off). also there lender info and treatment of lenders is getting a little taxing. I / we Shouldn't have to go hunting the interweb for platform info/ news.
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dead-money
Rocket to the Moon
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Post by dead-money on Aug 5, 2020 17:24:58 GMT
Yep, announcing an interest rate change five days after it occurred.
Think we worked that one out already, thanks!
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dave4
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Post by dave4 on Aug 6, 2020 7:36:38 GMT
And were are those wanting to flee AC going to next I wonder?
Who's still got their doors open to new lenders and can be trusted to keep those doors open?
Loanpad Kuflink ? have a fresh members deal.
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blender
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Post by blender on Aug 6, 2020 8:10:38 GMT
Ablrate, if you want p2p in its purest and simplest form, and a good SM which has worked through the current unpleasantness. You have to be responsible for your choice of loans - because that alone determines your returns and liquidity.
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dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on Aug 6, 2020 8:53:07 GMT
All very interesting and worthy of a new discussion somewhere more appropriate i think.. (someone /anyone ?). .......
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tonyr
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Post by tonyr on Aug 7, 2020 10:05:23 GMT
Basic question: If try to sell all my QAA, do the dud loans sell as well? The implication from the two emails we've just got is that they do. The discount is very much dependent on how you view the dud loans.
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SteveT
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Post by SteveT on Aug 7, 2020 10:10:09 GMT
Basic question: If try to sell all my QAA, do the dud loans sell as well? The implication from the two emails we've just got is that they do. The discount is very much dependent on how you view the dud loans. Yes, you're trading in "units" of QAA, encompassing everything the QAA holds (live loans, defaulted loans, cash and PF entitlement). If you sell 100% of your QAA holding then your QAA balance goes to zero.
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