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Post by Ton ⓉⓞⓃ on Mar 7, 2016 11:38:40 GMT
According to Elljay's charts Zopa isn't lending much at all, but by Griceheads Zopaquotes it's all about normal... I'm thinking that we're only seeing Institution Lending for the moment perhaps will the new Three Loan Types kick in, just guessing mind you. |
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happy
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Post by happy on Mar 7, 2016 12:34:43 GMT
Definately something strange going on...£5.73m queued on the longer market, well above the normal and at current leding rates a 30 day wait to lend. Short market looks really wrong as well at +60days for new money. Maybe ATM Z are feeding new loans with short-term institutional money to ensure a big wadge of repayments looking for a new home in their new products!
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elgerod
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Post by elgerod on Mar 7, 2016 12:47:24 GMT
Agree. In longer, with "Re-lending" on for many months, I haven't managed a single loan yet in March. Usually at least two or three £30 loans a day. Obviously they're waiting for the launch of the new loans.
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oldgrumpy
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Post by oldgrumpy on Mar 7, 2016 13:34:47 GMT
I'm very pleased with my 2014 Zexit move. 30 to 60 days to lend out money??? I know RS is a slightly different borrower base, but lending is almost immediate (at higher rates than Z, around 6%) and within a week for 6.4-6.5% on 5year even at the start of this month. Even 3yr is around 4% for quick lending, just above Z's 3,8%, but can fluctuate up to 5%+. I think Z lost the battle more than a year ago for retail funds to lend to (mainly) private non-commercial borrowers. edit: ... and they've announced the good news recently that they are putting some of the rates down again - that's fine - they'll get less money in so people who stay put will be able to lend in less than 30/60 days.  |
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aju
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Post by aju on Mar 7, 2016 14:15:19 GMT
I've lent £20 today but last time I lent before that was 29/2 - statement says I lent 420 in last 30 days - perhaps Zopa is struggling - the OldMLB seemed quite slow a few hours ago the new one was quite quick minutes ago.
Just tried OldMLB and its much faster at the moment - perhaps it was a blimp.
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registerme
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Post by registerme on Mar 7, 2016 14:20:27 GMT
I'm very pleased with my 2014 Zexit move. 30 to 60 days to lend out money??? I know RS is a slightly different borrower base, but lending is almost immediate (at higher rates than Z, around 6%) and within a week for 6.4-6.5% on 5year even at the start of this month. Even 3yr is around 4% for quick lending, just above Z's 3,8%, but can fluctuate up to 5%+. I think Z lost the battle more than a year ago for retail funds to lend to (mainly) private non-commercial borrowers. Oy! Button it! You're encouraging people to hurl in money at less than 6.4%!   
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oldgrumpy
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Post by oldgrumpy on Mar 7, 2016 14:37:00 GMT
OOOPS!! I'm in the naughty corner.
To clarify, I am very happy for investors to get a higher rate of interest than me, so do encourage the placing of cash at 0.2% or more higher than the rate I want to get. Be optimistic, ignore the 6.0% nonsense.
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Post by propman on Mar 7, 2016 18:00:40 GMT
I think you'll find that the default rates are very different and if you compare historical defaults with provision fund then Zopa is way safer. So there is a definite risk premium at RS.
- Iain
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davex
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Post by davex on Mar 8, 2016 1:11:03 GMT
Don't understand all this talk of 30 days to lend;
This is what my account is showing atm;
Lent out at 5.0%
Last 24 hours £10.00
Last 7 days £168.23
Last 30 days £388.23
Any cash i put into Zopa gets lent at 5% within about 24 hours, am quite happy with that given the SG guarantee.
For me the slightly lower rates than other platforms are compensated by the stability and security of Zopa.
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elgerod
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Post by elgerod on Mar 8, 2016 3:24:48 GMT
Things definitely changed on Monday - I lent £30 x 20 (i.e. £600) in one day, but I haven't checked the rates yet. Someone at Zopa obviously pressed the right button.
And last week, actually on 29/2, my lending was £60 at an average of 6.8% after fees (in longer). Not too bad when compared with RS (on this occasion).
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Post by gricehead on Mar 8, 2016 9:34:08 GMT
According to Elljay's charts Zopa isn't lending much at all, but by Griceheads Zopaquotes it's all about normal... I'm thinking that we're only seeing Institution Lending for the moment perhaps will the new Three Loan Types kick in, just guessing mind you. Ignoring holiday periods, the last three days of quotes is the lowest level for at least 10 months, and barely scrapes past the direct comparison days for last year. Unless the data provided by Zopa has changed, that is all quotes, removing the debate about consumer and institutional lending.
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Post by Ton ⓉⓞⓃ on Mar 8, 2016 9:40:11 GMT
According to Elljay's charts Zopa isn't lending much at all, but by Griceheads Zopaquotes it's all about normal... I'm thinking that we're only seeing Institution Lending for the moment perhaps will the new Three Loan Types kick in, just guessing mind you. Ignoring holiday periods, the last three days of quotes is the lowest level for at least 10 months, and barely scrapes past the direct comparison days for last year. Unless the data provided by Zopa has changed, that is all quotes, removing the debate about consumer and institutional lending. I wonder if Zopa has absented themselves from the best buy charts... the quotes are about half of last Monday.
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Post by gricehead on Mar 8, 2016 9:54:36 GMT
Ignoring holiday periods, the last three days of quotes is the lowest level for at least 10 months, and barely scrapes past the direct comparison days for last year. Unless the data provided by Zopa has changed, that is all quotes, removing the debate about consumer and institutional lending. I wonder if Zopa has absented themselves from the best buy charts... the quotes are about half of last Monday. We'll know more (whether the quotes have definitely dropped off, or whether it's a data error) towards the end of this week as the disbursals for the week come in. Currently they've held up quite well given the quote numbers, but that can't be sustained with the quote levels of recent days.
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happy
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Post by happy on Mar 8, 2016 15:59:34 GMT
Don't understand all this talk of 30 days to lend; This is what my account is showing atm; Lent out at 5.0% Last 24 hours £10.00 Last 7 days £168.23 Last 30 days £388.23 Any cash i put into Zopa gets lent at 5% within about 24 hours, am quite happy with that given the SG guarantee. For me the slightly lower rates than other platforms are compensated by the stability and security of Zopa. , I took my figures from my dashboard, they currently show £5.33m queued in the 5 year market and lending rate currently at £256k per day. Now if you factor that relending gets priority over new money I dont see how new investment is going to be lent in less than about 3 weeks unless the dashboard is not giving the right info.
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Post by misotu on Mar 12, 2016 10:18:42 GMT
I had been recycling my Zopa repayments to maintain my investment level recently, but gave up this week. My money is just sitting there, I've lent nothing at all recently. I am interested in opening a Zopa ISA this year ... but unless funds are lent out considerably more swiftly than at present this is not looking like a good decision.
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