ashtondav
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Post by ashtondav on Aug 19, 2015 8:32:01 GMT
Indeed why have any offers over 8%. Is there any point?
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adrianc
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Post by adrianc on Aug 19, 2015 8:41:26 GMT
None whatsoever.
Even if there was a blip in the market sufficient to get a match, it'd fall apart before actually being fully formed.
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ashtondav
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Post by ashtondav on Aug 19, 2015 11:50:13 GMT
Nowt so odd as (some) RS folk...
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mv
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Post by mv on Aug 19, 2015 14:07:20 GMT
Agreed. People can be remarkably dumb.
In a world where people are borrowing money at 100% via RS, those attempting to lend at that rate now are unlikely to survive.
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spiral
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Post by spiral on Aug 19, 2015 15:38:34 GMT
I'd always assumed these were lenders with a high YR set but a couple of months ago about £2K was added to 7.9% and about £6K added to 8% and it is still there (5yr market) . The amounts on offer though are quite low (about 16K total above 7.5%). Not quite enough I suspect for them to want to pull a ZOPA on us.  |
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Post by brokenbiscuits on Aug 19, 2015 18:54:01 GMT
You could say the same about 6.2% lately.
Why try to lend above 6% if it's just going to sit idle?
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Post by westonkevRS on Aug 19, 2015 20:35:40 GMT
At least one of the 100% offers is a CEO of another P2P lending firm (obviously won't say who!). They've placed it as a benchmark so they are notified if the markets are depleted. In fact a long while back when the 5-yr money once was depleted, he called me. Unsure if to provide a helpful notification or a gloating hope of failure.... @ westonkevRS |
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