c88dnf
Member of DD Central
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Post by c88dnf on Dec 16, 2020 15:59:35 GMT
All 1-year loans repaid with a large wodge of interest too. Just under 15% of my RS investment liquidated in one go. Looks like I'll be able to afford a (very) substantial meal with my booze tonight. Mind you, I'll miss the average 5.3% interest (= 2.65% currently) on those loans.
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mikeh
Member of DD Central
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Post by mikeh on Dec 16, 2020 16:22:36 GMT
My one and only 1-year loan just repaid.
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coogaruk
Hello everyone! Anyone remember me?
Posts: 703
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Post by coogaruk on Dec 16, 2020 16:54:47 GMT
Fascinating. Where have they all gone? I got rid of my last 1Y loan a little while ago, so haven't participated in today's party. Does this mean that the 1Y market is now defunct? I still have access to it, although I don't have any holding funds to be able to try a test investment. I see around £5M on the market from lenders, though - are all these loan offers about to be cancelled, too? All good questions.
I never even thought of doing a 'test order', even though I've left a wadge remaining in my Holding Account. Tempting but will I be tempted?
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coogaruk
Hello everyone! Anyone remember me?
Posts: 703
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Post by coogaruk on Dec 16, 2020 16:59:01 GMT
And here's your answer:
(New blog post from RS)
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
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Post by beagle on Dec 16, 2020 17:03:00 GMT
And here's your answer:
(New blog post from RS)
haha well i was right - it seemed so obvious a sale. i hope this releases huge parts of the queue - i wonder what the impact on QIF will be.
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Post by jockstrap on Dec 16, 2020 17:04:25 GMT
Thanks cougar.
The blog says "We have written to all 1 Year market investors with more details" - but have they? My inbox is suspiciously empty...
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coogaruk
Hello everyone! Anyone remember me?
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Post by coogaruk on Dec 16, 2020 17:11:13 GMT
Thanks cougar. The blog says "We have written to all 1 Year market investors with more details" - but have they? My inbox is suspiciously empty... Mine too, for the moment.
Further, as the 1yr market is not due to close until 15th January ('statutory' one month's notice?) maybe the astute amongst us now have the chance of gaining an extra month's interest? Probably wouldn't get lent out though, would be my guess!
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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 Dec 16, 2020 17:12:12 GMT
Thanks cougar. The blog says "We have written to all 1 Year market investors with more details" - but have they? My inbox is suspiciously empty... come on... give them slack it is clearly winding its way through
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coogaruk
Hello everyone! Anyone remember me?
Posts: 703
Likes: 463
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Post by coogaruk on Dec 16, 2020 17:12:14 GMT
And here's your answer:
(New blog post from RS)
haha well i was right - it seemed so obvious a sale. i hope this releases huge parts of the queue - i wonder what the impact on QIF will be. There was no queue on the 1yr market, of course. It was up to date (as is the 5yr).
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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 Dec 16, 2020 17:23:07 GMT
haha well i was right - it seemed so obvious a sale. i hope this releases huge parts of the queue - i wonder what the impact on QIF will be. There was no queue on the 1yr market, of course. It was up to date (as is the 5yr). they wrote property in APM too
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Post by Deleted on Dec 16, 2020 17:25:31 GMT
My property loans in APM have not yet repaid
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ceejay
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Post by ceejay on Dec 16, 2020 17:25:45 GMT
There was no queue on the 1yr market, of course. It was up to date (as is the 5yr). they wrote property in APM too True. Anyone know what the proportion of Property loans in APM was? One might imagine that those are to be paid off too, although I think the "huge" impact you hoped for in another post might be a tad optimistic.
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Post by Ace on Dec 16, 2020 17:27:42 GMT
There was no queue on the 1yr market, of course. It was up to date (as is the 5yr). they wrote property in APM too Some of the cash from the 1 year will find its way to the APM accounts, so that will have a positive impact on RYIs. Though it would be much more sensible to invest it in property lending on other platforms IMO, where much better rates can be obtained without the impending danger of an RS capital haircut.
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
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Post by beagle on Dec 16, 2020 17:31:11 GMT
they wrote property in APM too True. Anyone know what the proportion of Property loans in APM was? One might imagine that those are to be paid off too, although I think the "huge" impact you hoped for in another post might be a tad optimistic. Well it is hard to tell, however, they tried to shunt us into APM at some point or another. Given the fact 1 year was liquid already i think it will have a huge (subjective word) impact. If they moved from 19th March until e.g. 19th April that is a huge improvement. Given it took 9 months to move 5 or 6 days.
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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 Dec 16, 2020 17:32:11 GMT
they wrote property in APM too Some of the cash from the 1 year will find its way to the APM accounts, so that will have a positive impact on RYIs. Though it would be much more sensible to invest it in property lending on other platforms IMO, where much better rates can be obtained without the impending danger of an RS capital haircut. true - just mind your settings then - you might get caught.
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