agent69
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Post by agent69 on May 21, 2016 8:53:06 GMT
Only 7 loans available on the SM.
How long before we hear the howls of complaint that there's nothing to buy
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jonah
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Post by jonah on May 23, 2016 5:09:01 GMT
Only 4 loans with parts on offer. 11 loans which have 1 month or so to run. That's another c4m coming back. Ok, some may be extended etc, but with a full QAA already and no new 1m+ loans on the horizon, we could be going into a mini famine. This at a time when there are comments from the likes of mrclondon about the quality of loans and rates... I guess the AC lender marketing is working. |
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Post by crabbyoldgit on Oct 9, 2016 5:35:23 GMT
Just looked at sm ,17 loans on offer at £20000 level and above , has a largeish investor left the building or what.Sad to say all low rate interest loans which i have no interest in , never mind 
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bg
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Post by bg on Oct 9, 2016 6:56:20 GMT
Just looked at sm ,17 loans on offer at £20000 level and above , has a largeish investor left the building or what.Sad to say all low rate interest loans which i have no interest in , never mind Could be that AC are attempting to freeup capacity in the QAA to underwrite the £4.7m Diamond loan which is imminent.
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agent69
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Post by agent69 on Oct 9, 2016 7:11:09 GMT
Just looked at sm ,17 loans on offer at £20000 level and above , has a largeish investor left the building or what.Sad to say all low rate interest loans which i have no interest in , never mind Could be that AC are attempting to freeup capacity in the QAA to underwrite the £4.7m Diamond loan which is imminent. Sorry if this has been mentioned before (I'm normally slow catching up with things). The borrower sound like the the Diamond man from TC. Is this loan to take out his TC account and transfer his borrowings?
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SteveT
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Post by SteveT on Oct 9, 2016 7:15:17 GMT
MT were looking at a pipeline loan to a diamond merchant recently, but then it came off their list. Sounds like someone may have been shopping around the platforms.
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bg
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Post by bg on Oct 9, 2016 7:16:13 GMT
Could be that AC are attempting to freeup capacity in the QAA to underwrite the £4.7m Diamond loan which is imminent. Sorry if this has been mentioned before (I'm normally slow catching up with things). The borrower sound like the the Diamond man from TC. Is this loan to take out his TC account and transfer his borrowings? Yes it is
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tonyr
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Post by tonyr on Oct 9, 2016 7:26:57 GMT
Just looked at sm ,17 loans on offer at £20000 level and above , has a largeish investor left the building or what.Sad to say all low rate interest loans which i have no interest in , never mind At first I was very cynical, it looks like a large fund dumping the sub 8% rates on us subordinates because it knows it has preferential access to better rates coming. However, nobody wants my DM at 12%, and there are normally a few takers. So it could be that a large range of loans was put on the SM last night/this morning and all the better rates went immediately leaving only the 8% and below. I was fully invested last night so I can't tell if this is true or really someone big decided to give us their low rates. Can anyone else add evidence one way or the other?
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agent69
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Post by agent69 on Oct 9, 2016 7:29:07 GMT
Sorry if this has been mentioned before (I'm normally slow catching up with things). The borrower sound like the the Diamond man from TC. Is this loan to take out his TC account and transfer his borrowings? Yes it is To take out his TC loan not to supplement it I trust? I don't hold any of this on TC, but it is generally regarded as one of the better TC loans, and at 11.5% I may have a little punt. Question is if I pick up some in my MLIA, how do I stop the QAA picking up a load more?
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KoR_Wraith
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Post by KoR_Wraith on Oct 9, 2016 8:56:12 GMT
However, nobody wants my DM at 12%, and there are normally a few takers. So it could be that a large range of loans was put on the SM last night/this morning and all the better rates went immediately leaving only the 8% and below. I was fully invested last night so I can't tell if this is true or really someone big decided to give us their low rates. Can anyone else add evidence one way or the other? I got £150 in a wind turbine @ 10% (not the one due to settle up in October), which is all I had available in the account.
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oldgrumpy
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Post by oldgrumpy on Oct 9, 2016 9:16:07 GMT
Just looked at sm ,17 loans on offer at £20000 level and above , has a largeish investor left the building or what.Sad to say all low rate interest loans which i have no interest in , never mind At first I was very cynical, it looks like a large fund dumping the sub 8% rates on us subordinates because it knows it has preferential access to better rates coming. However, nobody wants my DM at 12%, and there are normally a few takers. So it could be that a large range of loans was put on the SM last night/this morning and all the better rates went immediately leaving only the 8% and below. I was fully invested last night so I can't tell if this is true or really someone big decided to give us their low rates. Can anyone else add evidence one way or the other? That's strange. I've got loads of "buy" orders in force but only picked up two parts (for £4.24) overnight, just after midnight.
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tonyr
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Post by tonyr on Oct 9, 2016 9:23:12 GMT
At first I was very cynical, it looks like a large fund dumping the sub 8% rates on us subordinates because it knows it has preferential access to better rates coming. However, nobody wants my DM at 12%, and there are normally a few takers. So it could be that a large range of loans was put on the SM last night/this morning and all the better rates went immediately leaving only the 8% and below. I was fully invested last night so I can't tell if this is true or really someone big decided to give us their low rates. Can anyone else add evidence one way or the other? That's strange. I've got loads of "buy" orders in force but only picked up two parts (for £4.24) overnight, just after midnight. Yeah, I'm back to being cynical again. My DM 12% did eventually go in lots of small pieces as I expected. There's clearly a multipass algorithm at work, maybe it does buy/sell for different accounts all separately. So if you see just a small amount go (as I did this morning) it doesn't mean that everyone has had a bite yet, it could just be the mechanism for giving priority to large funds.
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sqh
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Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Oct 9, 2016 11:15:53 GMT
I think the total holdings in the QAA and 30Day accounts have dropped from around £37.8m to £37.1m in the last 2 or 3 days. The 30day account has increased but the QAA dropped by more.
Somewhat surprising, because I was expecting more deposits after Santander announced a fall in interest rates on their 123 account, but that doesn't start until Nov 1st.
However, a drop in QAA or 30day money should inevitably mean surplus loan parts available to MLIA investors. With not much demand for 7% or 8% loan parts we might actually see a rise in the QAA rate, that's what happened in April.
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SteveT
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Post by SteveT on Oct 9, 2016 13:40:43 GMT
Someone asked me the other day how AC would go about withdrawing the QAA/30DAA if the FCA decided it was incompatible with full P2P authorisation. The only answer I could come up with was "slowly and very carefully". I doubt that's what is going on, not least because I think they were advertising it again in recent days, but it's an interesting question.
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Post by Ton ⓉⓞⓃ on Oct 9, 2016 14:02:32 GMT
Someone asked me the other day how AC would go about withdrawing the QAA/30DAA if the FCA decided it was incompatible with full P2P authorisation. The only answer I could come up with was "slowly and very carefully". I doubt that's what is going on, not least because I think they were advertising it again in recent days, but it's an interesting question. Total guess, but I think there would be negotiations. Such as how can we word it so we comply or how can we adjust it's inner workings so it complies. AC must have had advice which formed an opinion of the current requirements before it's launch which they can fall back on. At the same time they don't want to get on the wrong side of the regulator, and nor do I so I shut up at that point.
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