ton27
Member of DD Central
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Post by ton27 on Mar 19, 2014 11:36:15 GMT
I am an active lender on 3 major platforms - TC, AC and FC - and it seems to me, that, over the past couple of months or so the appetite for lending has diminished. This can be seen in FC auctions, particularly the bigger ones, ending with high rates and in TC quite a lot of the bids are not filling. Of course there may be specific reasons for this lack of enthusiasm but is this my imagination or is it real?
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Post by bracknellboy on Mar 19, 2014 12:28:18 GMT
I am an active lender on 3 major platforms - TC, AC and FC - and it seems to me, that, over the past couple of months or so the appetite for lending has diminished. This can be seen in FC auctions, particularly the bigger ones, ending with high rates and in TC quite a lot of the bids are not filling. Of course there may be specific reasons for this lack of enthusiasm but is this my imagination or is it real? it would be interesting to know what the trend is on total loans completed across the major platforms over the last 6 months. It would be concerning indeed if the total UK appetite for p2x has leveled off. Alternative view is that the platforms have been able to expand in recent times without throwing money into lender facing marketing, but that now a fresh bout of marketing is required as a lot of juice has been squeezed out of the currently committed retail lender community.
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
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Post by j on Mar 19, 2014 13:01:55 GMT
I am an active lender on 3 major platforms - TC, AC and FC - and it seems to me, that, over the past couple of months or so the appetite for lending has diminished. This can be seen in FC auctions, particularly the bigger ones, ending with high rates and in TC quite a lot of the bids are not filling. Of course there may be specific reasons for this lack of enthusiasm but is this my imagination or is it real? it would be interesting to know what the trend is on total loans completed across the major platforms over the last 6 months. It would be concerning indeed if the total UK appetite for p2x has leveled off. Alternative view is that the platforms have been able to expand in recent times without throwing money into lender facing marketing, but that now a fresh bout of marketing is required as a lot of juice has been squeezed out of the currently committed retail lender community. Things can plateau for a little while but would most probable;y pick up again in a few weeks/months. Don't discount the fact that ISAs are near for this year so, some are probably saving for that (appreciate fact the returns are minute compared to p2b but it's still within tax-free wrapper).
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