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Post by dan1 on Apr 27, 2017 8:32:34 GMT
How can the Aston Martin be listed at a 1.20% premium??? Can someone confirm that I'm not seeing things? I thought the increments were 1.0%, 1.25%, 1.5%  ? Am I seeing things? |
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IFISAcava
Member of DD Central
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Post by IFISAcava on Apr 27, 2017 9:11:56 GMT
My sense is that the launch of the FS IFISA has already had a fair impact on SM availability and "best effective rate" prices. However it's hard to know for certain without tracking over time. For interest, as of 12.30pm today, there are £490k of parts available on the SM in loans with a "best effective rate" of at least 13% (although inevitably a good proportion will be at lower rates than that). Breaking that down: 13%+ £490k 14%+ £370k
15%+ £275k
16%+ £170k
17%+ £110k
18%+ £62k
19%+ £49k
20%+ £0 The trend towards lower Effective Rates continues. Updated snapshot as at 08.30 on 27th April: 13%+ £515k 14%+ £319k 15%+ £179k 16%+ £104k 17%+ £32k 18%+ £26k 19%+ £12k 20%+ £0 Makes the non-IFISA even more attractive for higher/additional rate taxpayers if they can sell for lesser discounts. Everyone appears to be winning (well, all taxpayers that is - non-taxpayers are getting lower returns now).
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elliotn
Member of DD Central
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Post by elliotn on Apr 27, 2017 9:28:03 GMT
The trend towards lower Effective Rates continues. Updated snapshot as at 08.30 on 27th April: 13%+ £515k 14%+ £319k 15%+ £179k 16%+ £104k 17%+ £32k 18%+ £26k 19%+ £12k 20%+ £0 Makes the non-IFISA even more attractive for higher/additional rate taxpayers if they can sell for lesser discounts. Everyone appears to be winning (well, all taxpayers that is - non-taxpayers are getting lower returns now). Yes, I'm a non tax payer & I expected to get royally shafted by the nation's highest earners and that's exactly what I'm getting 
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Post by dan1 on Apr 27, 2017 16:01:52 GMT
There appears to be a mini sell-off on FS of long-dated loans at 1% discount. Discounts above 0.9% haven't lasted long since the introduction of the IF-ISA.
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SteveT
Member of DD Central
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Post by SteveT on Apr 27, 2017 18:56:29 GMT
The trend towards lower Effective Rates continues. Updated snapshot as at 08.30 on 27th April: 13%+ £515k 14%+ £319k 15%+ £179k 16%+ £104k 17%+ £32k 18%+ £26k 19%+ £12k 20%+ £0 And the hoovering up of discounted parts continues apace.... (snapshot as of 19.50) 13%+ £489k 14%+ £259k 15%+ £97k 16%+ £0k
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nick
Member of DD Central
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Post by nick on Apr 27, 2017 19:36:19 GMT
Very nice.
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Post by dan1 on Apr 28, 2017 7:44:48 GMT
How can the Aston Martin be listed at a 1.20% premium??? Can someone confirm that I'm not seeing things? I thought the increments were 1.0%, 1.25%, 1.5% ? Am I seeing things? And now the same loan is listed at 1.10% premium. How is this possible?
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SteveT
Member of DD Central
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Post by SteveT on May 5, 2017 10:02:24 GMT
And the hoovering up of discounted parts continues apace.... (snapshot as of 19.50) 13%+ £489k 14%+ £259k 15%+ £97k 16%+ £0k Best available discounts now down to -0.3% / -0.4% as the SM continues to drain 13%+ £316k 14%+ £88k 15%+ £12k 16%+ £0
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Post by dan1 on May 5, 2017 10:14:34 GMT
And the hoovering up of discounted parts continues apace.... (snapshot as of 19.50) 13%+ £489k 14%+ £259k 15%+ £97k 16%+ £0k Best available discounts now down to -0.3% / -0.4% as the SM continues to drain 13%+ £316k 14%+ £88k 15%+ £12k 16%+ £0 There are discounts at -4% quite often - just not for very long!
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Post by resiak on May 5, 2017 15:05:53 GMT
And the hoovering up of discounted parts continues apace.... (snapshot as of 19.50) 13%+ £489k 14%+ £259k 15%+ £97k 16%+ £0k Best available discounts now down to -0.3% / -0.4% as the SM continues to drain 13%+ £316k 14%+ £88k 15%+ £12k 16%+ £0 I have managed to get 2 loans discounted at 1.0% and 0.9% respectively yesterday but all the parts have gone pretty quickly.
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,447
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Post by stub8535 on May 5, 2017 15:24:07 GMT
Very odd market activity compared to normal today. Could be time to offload sufxxlk lanx at a smaller discount et al.
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elliotn
Member of DD Central
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Post by elliotn on May 5, 2017 15:33:41 GMT
Apart from not activated & overdue, nearly all sold up!
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stevio
Member of DD Central
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Post by stevio on May 5, 2017 18:26:03 GMT
From newsletter:
With the growth in the platform (including IFISA accounts) and the very rapid increase in the secondary market, we will be implementing a small change to ensure the main purpose of the market remains the same. Both premium and discount rates will, therefore, be limited to a maximum of 1%. This change will be implemented next week.
As more than 96% of all trades to date have fallen within this range it will not have any effect on the bulk of the transactions but will eliminate the very small percentage of potentially inappropriate trading.
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SteveT
Member of DD Central
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Post by SteveT on May 12, 2017 8:58:29 GMT
And the hoovering up of discounted parts continues apace.... (snapshot as of 19.50) 13%+ £489k 14%+ £259k 15%+ £97k 16%+ £0k Best available discounts now down to -0.3% / -0.4% as the SM continues to drain 13%+ £316k 14%+ £88k 15%+ £12k 16%+ £0 Next to nothing left at any sort of discount now! 13%+ £56k 14%+ £8k 15%+ £0k
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Liz
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Post by Liz on May 12, 2017 10:25:18 GMT
Best available discounts now down to -0.3% / -0.4% as the SM continues to drain 13%+ £316k 14%+ £88k 15%+ £12k 16%+ £0 Next to nothing left at any sort of discount now! 13%+ £56k 14%+ £8k 15%+ £0k Are you going into the loan to check the exact amount available? The only 14%+ is the boat with £8k available, but only £600 available at a discount. The bulk, £5k is available at a 0.3% premium, effective rate 11.16%.
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