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Post by newlender on Mar 18, 2016 7:48:52 GMT
As we don't have a lending queue yet I'd like to try to calculate where I am. Is anyone prepared to say when they placed their new money and if it's been loaned yet. I have £2K all placed in the queue by 10 yesterday morning but nothing loaned yet. OK, I know that's not unusual but as it can only be mainly new money in there I hope it gets going soon.
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Post by graemec23 on Mar 18, 2016 9:35:25 GMT
I put in 4k yesterday into Z+ about 10am and have yet to see anything happen.
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aju
Member of DD Central
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Post by aju on Mar 18, 2016 10:04:26 GMT
I turned off relend and opened up Z+ yesterday but its going to take a couple of months or so for the money to filter back in to allow it to start lending I think. Its not clear if I actually turn the re-lend back on that it will do anything but I may let it build up a couple of hundred and turn it on to see what happens.
Z+ is currently set for new money but I'm not ready to commit new money yet.
Perhaps re-lend will be quicker when it reaches £1000
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aju
Member of DD Central
Posts: 3,500
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Post by aju on Mar 18, 2016 10:19:43 GMT
As we don't have a lending queue yet I'd like to try to calculate where I am. Is anyone prepared to say when they placed their new money and if it's been loaned yet. I have £2K all placed in the queue by 10 yesterday morning but nothing loaned yet. OK, I know that's not unusual but as it can only be mainly new money in there I hope it gets going soon. Just had a thought though, it may be new money in the D&E but I thought the other markets are part of the bigger picture. Just a thought
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Post by takeshi on Mar 18, 2016 11:53:33 GMT
As we don't have a lending queue yet I'd like to try to calculate where I am. Is anyone prepared to say when they placed their new money and if it's been loaned yet. I have £2K all placed in the queue by 10 yesterday morning but nothing loaned yet. OK, I know that's not unusual but as it can only be mainly new money in there I hope it gets going soon. Just had a thought though, it may be new money in the D&E but I thought the other markets are part of the bigger picture. Just a thought Yes - presumably Zopa have a problem now - there are 4 queues of money to be lent Classic access Plus Institutional So for a new loan how/where do they select the funds??
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wapping35
Member of DD Central
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Likes: 210
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Post by wapping35 on Mar 18, 2016 13:48:22 GMT
No matches yet on Z+. Approx £2k in.
It was placed on March 16th around 4.30pm... It must have been v soon after the New Products were launched... i.e. It was placed the day before yesterday's official launch day...
I was hoping to see some matches today...
W35
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Post by newlender on Mar 18, 2016 14:23:08 GMT
Interesting! Their email said Thursday 17th and I invested quite early that day. I wonder at what time exactly on the 16th it went live - I can't imagine that millions went in immediately though, as bank transfers don't show up overnight after..is it 7pm? Oh well, my £2K could be in my cash ISA (from where it was withdrawn) earning 0.5% pa as we speak so I'm not exactly missing out on megabucks while it's in the queue.
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wapping35
Member of DD Central
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Post by wapping35 on Mar 18, 2016 14:36:03 GMT
Interesting! Their email said Thursday 17th and I invested quite early that day. I wonder at what time exactly on the 16th it went live - I can't imagine that millions went in immediately though, as bank transfers don't show up overnight after..is it 7pm? Oh well, my £2K could be in my cash ISA (from where it was withdrawn) earning 0.5% pa as we speak so I'm not exactly missing out on megabucks while it's in the queue. Hi, I had repayments in Holding waiting, which was why I could get it in the queue so quickly...And a v kind squirrel told me the website was up early..  I think it must have been up, mid afternoon March 16. I assume it should get matched nearly first , but as yet it is still showing as "In the New Money" queue rather than "Matching to borrowers"... My fingers are crossed re seeing a match or two before close today.. Cheers W35
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Post by newlender on Mar 18, 2016 14:47:40 GMT
You were 18 hours ahead of me then, so my hopes of a match before the weekend look grim. Did your squirrel tip off anyone else - a few millionaires waiting to fill their boots, for example? I do wish we had a proper queue showing on the site, or even a Friday update on the current state of play in each market.
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wapping35
Member of DD Central
Posts: 385
Likes: 210
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Post by wapping35 on Mar 18, 2016 16:18:56 GMT
You were 18 hours ahead of me then, so my hopes of a match before the weekend look grim. Did your squirrel tip off anyone else - a few millionaires waiting to fill their boots, for example? I do wish we had a proper queue showing on the site, or even a Friday update on the current state of play in each market. The squirrel did see your post and emailed me just now. And she has confirmed she did inform a couple of other lenders (I will leave them to say who they are) but unfortunately Nutty Hollow has no millionaires to speak of. She is dabbling in Z Classic... A proper queue indicator like we had before, would be great...My money is still in "New Money: Z+" status. Cheers
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Post by Ton ⓉⓞⓃ on Mar 18, 2016 18:48:34 GMT
Retracted post
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sl75
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Post by sl75 on Mar 19, 2016 16:52:26 GMT
Just had a thought though, it may be new money in the D&E but I thought the other markets are part of the bigger picture. Just a thought Yes - presumably Zopa have a problem now - there are 4 queues of money to be lent Classic access Plus Institutional So for a new loan how/where do they select the funds?? I see no reason that a single borrower loan shouldn't be funded from all of Classic, Access and Plus, in proportion to the amount in each lending pool... The lower interest rate for the "access" portion and the lower up-front fee for the "plus" portion would allow the borrower to be offered a better deal than funding it purely from the "classic" queue.
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Post by blanik on Mar 19, 2016 17:48:17 GMT
No matches yet on Z+. Approx £2k in. It was placed on March 16th around 4.30pm... It must have been v soon after the New Products were launched... i.e. It was placed the day before yesterday's official launch day... I was hoping to see some matches today... W35 1K added at 00:30 on the 17th - no matches yet. I reported a general issue with offering funds, and as part of Zopa's reply on the 17th they said "The money in Zopa Plus will take a bit of time to be lent out as we need to wait for a queue to build up". I presuming that it might mean that they want a certain amount of money in the queue before they turn on the lending side of the process so that they know that have the money to meet the demand?
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Post by newlender on Mar 19, 2016 18:04:13 GMT
Did anyone out there get a Z+ loan before the weekend? wapping35? My £2k hasn't moved.
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wapping35
Member of DD Central
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Post by wapping35 on Mar 20, 2016 8:44:06 GMT
Did anyone out there get a Z+ loan before the weekend? wapping35? My £2k hasn't moved. Unfortunately no matches yet and it is still showing as in the new money queue...
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I think it must have been up, mid afternoon March 16.
