rscal
Posts: 985
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Post by rscal on Nov 5, 2021 14:41:19 GMT
There is nothing to buy since yesterday as the remaining 3 loans disappeared. So AC is now 'closed for business' to investors. Or a more charitable description is that MLA has 'zero depth' [Not 'dead' simply 'resting']
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,315 
Likes: 11,523
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Post by ilmoro on Nov 5, 2021 15:03:17 GMT
There is nothing to buy since yesterday as the remaining 3 loans disappeared. So AC is now 'closed for business' to investors. Or a more charitable description is that MLA has 'zero depth' [Not 'dead' simply 'resting'] That's effectively been the case for months ... though there is a difference been nothing available & nothing visible. There has certainly been some availability if you have buying instructions on loans but it is never visible as it's taken up by existing instructions so never visible. Oh & there are 2 loans with avialibility currently, about £6k on one, & 88p on the other though it shows as £0 Not sure what MT means?
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warn
Member of DD Central
Curmudgeon
Posts: 636
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Post by warn on Nov 5, 2021 15:17:16 GMT
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Post by overthehill on Nov 5, 2021 15:41:47 GMT
There is nothing to buy since yesterday as the remaining 3 loans disappeared. So AC is now 'closed for business' to investors. Or a more charitable description is that MLA has 'zero depth' [Not 'dead' simply 'resting'] That's effectively been the case for months ... though there is a difference been nothing available & nothing visible. There has certainly been some availability if you have buying instructions on loans but it is never visible as it's taken up by existing instructions so never visible. Oh & there are 2 loans with avialibility currently, about £6k on one, & 88p on the other though it shows as £0 Not sure what MT means? Same 5-7 usual suspect loans have been available to invest for a long time, 6 figure amounts, but they've finally all disappeared very recently, no idea where or how, I doubt it would be the MLA. So yes effectively empty for a while!
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trium
Member of DD Central
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Post by trium on Nov 5, 2021 15:42:59 GMT
It's going to take a lot of new (not re-fi) loans to mop up investors' spare cash, but we wouldn't want origination at an imprudent rate. Discouraging lenders from further investment by reducing interest rates seems so far to have had little effect, possibly because people don't want to disturb their ISAs and can't be bothered with the transfer rigmarole, so they buy anything they can just to stay invested and diversified.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,315
Likes: 11,523
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Post by ilmoro on Nov 5, 2021 16:09:25 GMT
oh yes, exactly how it sounds. Problem is that abbrev has other connotations so my brain didn't do obvious
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Post by Ace on Nov 5, 2021 16:16:11 GMT
oh yes, exactly how it sounds. Problem is that abbrev has other connotations so my brain didn't do obvious You weren't alone.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,056
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Post by dave4 on Nov 5, 2021 16:17:30 GMT
#1430 £52.
#680 £2
the rest showing full.
On the lowering interest rate, my average % has dropped to 6.79% average, and will drop further im sure. sighhhhh
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