sl75
Posts: 2,092 
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Post by sl75 on Mar 24, 2016 10:46:41 GMT
Indeed I have pasted a copy of the e:mail below. ... We have seen strong interest and investment and expect to start matching by the end of next week. ... Please note, this is only for money already queued in Zopa Plus, as of 5pm on 23rd March 2016, and does not apply to additional money you may transfer in. So, in other words, if you've not added money to Z+ yet, don't bother until a bit before the end of next week, as there's no point, and if you've added (or are planning to add) funds after that deadline, withdraw them now, and place in Zopa access (or some other suitable product if they're not in your Zopa account yet) until this time next week?
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Post by propman on Mar 24, 2016 13:29:27 GMT
We can't be sure, but presumably they are close to having enough money to make a start with some loans when they said. As for inflows, such a small proportion will be from people reading the forum, that I don't expect this to slow much as a result of the announcement. Also, previous bonuses have shown a slow response and so quiete likely many will wait until they get paid at the month end (that is those not waiting for ISAs to become available!).
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Post by fuzzyiceberg on Mar 27, 2016 8:37:53 GMT
Kinda pleased that knowing Zopa's propensity for trying to get new things going before they have the systems in place to actually do them (at least, to do them conveniently for lenders) I decided to leave things be and simply allow my account to rollover into Z classic and wait until they have themselves sorted out before taking any decisions on wether to change/add products. And I won't invest in Z plus until Zopa come up with a way of me seeing easily and conveniently the situation with those loans, including a detailed history of any one loan; something similar to the functionality of the old loan book.
But what I really want is a cost free way to roll my account into a Zopa ISA...
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ashtondav
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Post by ashtondav on Mar 28, 2016 12:41:48 GMT
Simply open a zopa ISA then transfer your repayments until you reach the ISA limit. That's free and not particularly painfull.
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Post by fuzzyiceberg on Mar 29, 2016 8:47:31 GMT
Well, it's free I grant you that. However I guess it would take circa 2+ years for my repayments to hit this year's ISA limit and I really don't want to mess about transferring small bit and bobs every couple of days or even weekly for a year.
It shouldn't be beyond Z to arrange a fee free RR and repurchase into an ISA.
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wapping35
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Post by wapping35 on Mar 30, 2016 14:29:09 GMT
Getting back to the title of this thread. I can confirm that this afternoon that my money in the Z+ queue (now for 2 weeks) has now finally moved from "The New Money queue" into the "matching to borrowers" queue. No actual matches yet, but may be latter this afternoon...  |
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Post by propman on Mar 30, 2016 15:16:29 GMT
Same for me and I didn't fund until 18th.
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wapping35
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Post by wapping35 on Mar 30, 2016 15:55:19 GMT
2 x £20 matches so far.
Average Rate 14.9% and a Projected rate (after defaults) of 9.8%.. An A1 & an E (the E was at 24.5%).
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Post by newlender on Mar 30, 2016 16:10:46 GMT
Exactly the same for me. I have £20 lent so £2k still to go. I bet that 24.5% loan gets paid back early.
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Greenwood2
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Post by Greenwood2 on Mar 30, 2016 16:12:51 GMT
THis could put the FUN back in Zopa.
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Post by newlender on Mar 30, 2016 16:24:49 GMT
Let's see what the highest rate is over the next few weeks. I wonder if Zopa have an absolute limit as to how high they'll go. Surely 24.5% must be near it if they do.
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Post by blanik on Mar 30, 2016 17:40:57 GMT
5 matches at £10 each, average rate 10.0%, 6.9% after defaults.
Including the 24.5% 12 month E for Home Improvements - perhaps everyone has got a bit of this one.
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Greenwood2
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Post by Greenwood2 on Mar 30, 2016 20:00:28 GMT
No, I didn't get that one.
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aju
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Post by aju on Mar 30, 2016 21:53:41 GMT
some people have all the fun! I'm real jealous at the moment I only have just over £130 returned so a few weeks for me sadly.
Good luck all - I'll have to wait a bit longer for the fun ;-)
PS save some of that 24.5% for everyone else ....
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Post by newlender on Mar 31, 2016 5:53:03 GMT
It's my first Z+ loan showing as 'withdrawn' so I expect he (she?) has been down to B&Q already with the money. Maybe you'll get a 25% soon, so don't despair!
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