bob2014
Member of DD Central
Posts: 54 
Likes: 3
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Post by bob2014 on Feb 8, 2017 16:22:20 GMT
Is there a mechanism to transfer holding funds from my classic account to my isa account, other than via my bank? Hi bob2014 - if you email cs@lendingworks.co.uk we can do this for you, though you'll need to make the transfer out request from your Classic a/c yourself. We can only do this with funds in your Wallet, which I think is what you're requesting. We'll be releasing an update over the next month or so to allow lenders to transfer this across themselves, but for now we'll just do manually. Thanks Thank you customer services: for transferring my accidental deposit to my Classic account wallet to my ISA account wallet.
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Post by Matthew on Feb 8, 2017 16:35:59 GMT
Hi bob2014 - if you email cs@lendingworks.co.uk we can do this for you, though you'll need to make the transfer out request from your Classic a/c yourself. We can only do this with funds in your Wallet, which I think is what you're requesting. We'll be releasing an update over the next month or so to allow lenders to transfer this across themselves, but for now we'll just do manually. Thanks Thank you customer services: for transferring my accidental deposit to my Classic account wallet to my ISA account wallet. So all your funds found the correct home then?
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Post by carol167 on Feb 8, 2017 16:50:24 GMT
If someone wanted to temporarily suspend automatic reinvestment (in their ISA account) because the rates dip.... do you force us to have to withdraw the capital as you do now with the ordinary account ? The implication being the withdrawn capital would loose it's ISA status. Can it be put back in without a problem - up to the years allowance ? Hi carol167 - you don't currently have to withdraw if you don't choose to reinvest. You can opt to leave repayments in your Wallet via your lending settings, where they'll be available to manage manually. If you do choose to withdraw repayments from your ISA (manually or automatically), adding them back at a later date would contribute towards your allowance. We will likely be offering a flexible ISA a bit later for this very reason. OOOOooo it's changed. Finally I can now select "Keep in wallet" from a pulldown. Thanks. :-) Happy me. Now if only you could give us the option to cancel pending withdrawals, my life would be complete. ;-)
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Post by Matthew on Feb 8, 2017 19:01:25 GMT
Hi carol167 - you don't currently have to withdraw if you don't choose to reinvest. You can opt to leave repayments in your Wallet via your lending settings, where they'll be available to manage manually. If you do choose to withdraw repayments from your ISA (manually or automatically), adding them back at a later date would contribute towards your allowance. We will likely be offering a flexible ISA a bit later for this very reason. OOOOooo it's changed. Finally I can now select "Keep in wallet" from a pulldown. Thanks. :-) Happy me. Now if only you could give us the option to cancel pending withdrawals, my life would be complete. ;-) Ha - I can get those cancelled by Finance for you if you like?! We don't allow customers to cancel their end just in case they are cancelled while being processed by Finance. We can come up with something in the future but generally it's not a big issue.
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njay
Posts: 6
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Post by njay on Feb 8, 2017 20:43:53 GMT
Thats impressive, what are the lending queues like? Not sure if it is worth opening now or waiting? Niall
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Post by Matthew on Feb 8, 2017 22:39:17 GMT
Thats impressive, what are the lending queues like? Not sure if it is worth opening now or waiting? Niall About 8 days in the 5 year market. This may increase over the coming days if we receive large amounts via ISA transfers.
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Post by carol167 on Feb 9, 2017 11:52:47 GMT
OOOOooo it's changed. Finally I can now select "Keep in wallet" from a pulldown. Thanks. :-) Happy me. Now if only you could give us the option to cancel pending withdrawals, my life would be complete. ;-) Ha - I can get those cancelled by Finance for you if you like?! We don't allow customers to cancel their end just in case they are cancelled while being processed by Finance. We can come up with something in the future but generally it's not a big issue. It's ok. I'll survive.... somehow. I'll just put back the micro amount afterwards. It's just going to sit there now until the rates go back to 5%+ anyway. Which could be aloooooong time now, given the ISA money dumping in. :-(
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Post by Matthew on Feb 9, 2017 12:45:08 GMT
Ha - I can get those cancelled by Finance for you if you like?! We don't allow customers to cancel their end just in case they are cancelled while being processed by Finance. We can come up with something in the future but generally it's not a big issue. It's ok. I'll survive.... somehow. I'll just put back the micro amount afterwards. It's just going to sit there now until the rates go back to 5%+ anyway. Which could be aloooooong time now, given the ISA money dumping in. :-( See also p2pindependentforum.com/thread/7901/1m-isa-tranche-oversubscribed
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jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
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Post by jonah on Feb 12, 2017 19:24:52 GMT
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Post by Matthew on Feb 12, 2017 19:29:51 GMT
Thanks jonahIt was also featured in the Sunday Telegraph today, so we're expecting lots of activity this week as a result. |
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,345
Likes: 11,566
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Post by ilmoro on Feb 12, 2017 21:29:44 GMT
Thanks jonah It was also featured in the Sunday Telegraph today, so we're expecting lots of activity this week as a result. Well the good news is that you've been upgraded from a 'tiddler' to 'large' (DT) to a 'major peer - to- peer lender' on MSE.  The bad news is that the accuracy of that description has immediately been challenged on the MSE forums  Could be worse, poor old young LandLordInvest gets ignored  and you do get a decent review from the forum poster
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Post by carol167 on Apr 21, 2017 10:20:26 GMT
So yesterday for various reasons, I finally decided to opt with Lending Works for my FISA for this year (2017/18) and will splt my allocation between LW and index shares.
Within an hour or two of opening my shiny new account...
...the advertised rate for the next week was displayed as going down by 0.1% to 4.4%.
Sigh!
God hates me.
:-)
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and you do get a decent review from the forum poster