averageguy
Member of DD Central
Posts: 1,172
Likes: 852
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Post by averageguy on Jun 21, 2017 11:13:38 GMT
I think the poster may have got the point
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Post by sannytwist on Jun 21, 2017 13:06:57 GMT
I think the poster may have got the point
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Post by lendinglawyer on Jun 22, 2017 10:18:31 GMT
I think the most interesting thing about the recent Bolton repayments is that a decent chunk of the money seems to have been moved away from MT. No doubt a significant chunk was reinvested, but the SM wasn't exactly on fire was it?
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fp
Posts: 1,008
Likes: 853
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Post by fp on Jun 22, 2017 10:27:52 GMT
I think the most interesting thing about the recent Bolton repayments is that a decent chunk of the money seems to have been moved away from MT. No doubt a significant chunk was reinvested, but the SM wasn't exactly on fire was it? at a glance, I think about half has been re-invested, so certainly a better response than such as lendy have been getting on interest run day for instance
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archie
Posts: 1,854
Likes: 1,855
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Post by archie on Jun 22, 2017 10:35:25 GMT
I think the most interesting thing about the recent Bolton repayments is that a decent chunk of the money seems to have been moved away from MT. No doubt a significant chunk was reinvested, but the SM wasn't exactly on fire was it? Primary market loans reduced considerably, one filled yesterday. Sm has reduced a bit. I could guess where some of the money might have gone, not mine though.
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Post by elephantrosie on Jun 22, 2017 10:52:53 GMT
back to savings account?
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fp
Posts: 1,008
Likes: 853
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Post by fp on Jun 22, 2017 11:46:18 GMT
A bit of a drop on the 14% loans on another platform too. It s a bit, maybe 50k tops ?
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Post by sannytwist on Jun 22, 2017 12:01:44 GMT
Would be nice if MT put up 14% interest loans.... l'm dreaming but its a nice dream! Don't really wanna go to C
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Post by sannytwist on Jun 26, 2017 7:12:32 GMT
Total available loans for sale on the SM is just under £980,000. Selling of loans on the SM is picking up again with the recent repayments. Happy days!
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archie
Posts: 1,854
Likes: 1,855
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Post by archie on Jun 26, 2017 7:31:18 GMT
Total available loans for sale on the SM is just under £980,000. Selling of loans on the SM is picking up again with the recent repayments. Happy days! £134,000 is the primary market, only £844,000 on the sm. Certainly moving though, total availability down by around £700,000 over the last week or so.
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Post by sannytwist on Jun 26, 2017 8:06:39 GMT
I hope there will be no more new loans until most of the loan parts on the SM is gone and good old days of MT back with us for a while.
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Post by ladywhitenap on Jun 26, 2017 8:10:42 GMT
Positive news certainly that the liquidity of the SM is improving but the comment that this has been brought about by recent repayments does rather suggest that lenders might be reaching saturation with little new money coming onto the platform. It is certainly the position I find myself in with no new funds and simply moving money between platforms and loans for diversification purposes and a deliberate but slow move away from Lendy.
LW
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Post by sannytwist on Jun 26, 2017 8:25:07 GMT
In my circumstance and l'm sure others will have experienced similar. My lower rate loans on the MT SM has been locked up for a while when the 13% MT and 14% collateral loans came to the market. This induced huge amounts of lower end 10% -11% loan parts flooding the market and got stuck for ages. Not complaining, just my recent experience.
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,033
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Post by littleoldlady on Jun 28, 2017 11:25:43 GMT
Positive news certainly that the liquidity of the SM is improving but the comment that this has been brought about by recent repayments does rather suggest that lenders might be reaching saturation with little new money coming onto the platform. It is certainly the position I find myself in with no new funds and simply moving money between platforms and loans for diversification purposes and a deliberate but slow move away from Lendy. LW I suspect there is a lot of money trying to leave Lendy for MT but without much success. The sooner MT introduce their ISA the better as there is a lot of money sitting in old years cash ISAs.
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Post by lusitania on Jun 28, 2017 17:53:05 GMT
Positive news certainly that the liquidity of the SM is improving but the comment that this has been brought about by recent repayments does rather suggest that lenders might be reaching saturation with little new money coming onto the platform. It is certainly the position I find myself in with no new funds and simply moving money between platforms and loans for diversification purposes and a deliberate but slow move away from Lendy. LW I suspect there is a lot of money trying to leave Lendy for MT but without much success. The sooner MT introduce their ISA the better as there is a lot of money sitting in old years cash ISAs. I seem to fit perfectly into this category. I'm already 8% above my investment limit on MT. No buying but also no selling - happy with my loans. Would like to move part of my Lendy investment over here but clearly that might take some time as repayments are... well, let's call it 'delayed'. Would definitely revise my investment position on MT should Ed & Co introduce their IFISA although I prefer that they do it without rushing things.
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