hazellend
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Post by hazellend on Feb 13, 2017 15:43:57 GMT
Deposited 1k and selected preferred rate 6.4% and nothing taken up after 1.5 hours. How long does it usually take to get funds lent out?
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r00lish67
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Post by r00lish67 on Feb 13, 2017 16:10:56 GMT
Deposited 1k and selected preferred rate 6.4% and nothing taken up after 1.5 hours. How long does it usually take to get funds lent out? I've done it a couple of times (both at market 6.5%), and it took approx 24 hours in both cases. Your mileage may vary..
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ben
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Post by ben on Feb 13, 2017 20:20:09 GMT
I have sent a few lumps and each time has been lent out in under 24 hours.
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littonowl
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Post by littonowl on Feb 13, 2017 21:24:43 GMT
Within a few hours both times for me...
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beh
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Post by beh on Feb 14, 2017 10:08:28 GMT
In the last week (at 6.5%) it's taken a couple days for me.
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nush
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Post by nush on May 15, 2017 9:38:41 GMT
any chance of an update on how long it takes to get invested, i've added funds this morning and gone for the 6.4% option so hopefully i will know soon anyway, but maybe not. thanks
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Post by dan1 on May 15, 2017 9:42:42 GMT
any chance of an update on how long it takes to get invested, i've added funds this morning and gone for the 6.4% option so hopefully i will know soon anyway, but maybe not. thanks I also use the Market Rate at 6.4% and my repayments get invested within 24 hours.
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snowmobile
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Post by snowmobile on May 15, 2017 10:05:51 GMT
There is a page on their website showing time to match statistics. However the figures are historical and not an indication of current match times. www.growthstreet.co.uk/lend-order-statisticsThe data shows only 65% matched within one day at market rate. The problem is if too many people use the priority rate then it will continue to drag down the market rate.
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nush
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Post by nush on May 15, 2017 10:11:28 GMT
thanks dan1, do you get a notification when you are fully invested, i have a little bit more to send but want to see how things work first
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Post by dan1 on May 15, 2017 10:14:45 GMT
thanks dan1 , do you get a notification when you are fully invested, i have a little bit more to send but want to see how things work first I don't receive any notifications and I'm not sure you can set them up. It's a case of logging in to check I'm afraid.
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IFISAcava
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Post by IFISAcava on May 15, 2017 11:24:41 GMT
There is a page on their website showing time to match statistics. However the figures are historical and not an indication of current match times. www.growthstreet.co.uk/lend-order-statisticsThe data shows only 65% matched within one day at market rate. The problem is if too many people use the priority rate then it will continue to drag down the market rate. The problem is also that it is a one way ticket - you can't drag the market rate back up if they simply use the average of the last 30 days and your options are market or lower...
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snowmobile
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Post by snowmobile on May 16, 2017 8:05:05 GMT
There is a page on their website showing time to match statistics. However the figures are historical and not an indication of current match times. www.growthstreet.co.uk/lend-order-statisticsThe data shows only 65% matched within one day at market rate. The problem is if too many people use the priority rate then it will continue to drag down the market rate. The problem is also that it is a one way ticket - you can't drag the market rate back up if they simply use the average of the last 30 days and your options are market or lower... The way it is going they will end up with rates as low as Ratesetter. Maybe Growth Street could consider introducing a 3rd option, a low priority rate 0.1% above the current market rate. At least that way investors would have the opportunity to pull rates back up. I no longer use the priority rate, now that I've realised what effect it has. It means that my funds are likely to lie uninvested for 2-3 days every month, earning no interest. Despite this the market rate is likely to still continue to fall if enough people do opt for the priority rate
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nush
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Post by nush on May 16, 2017 13:10:00 GMT
still nothing invested for me as yet, cash sat earning nothing, i was wanting to add more funds today but maybe not.
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Greenwood2
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Post by Greenwood2 on May 16, 2017 14:00:26 GMT
See also the 'New Lender Rates' thread for a discussion of possible reasons for changes in lending rates and future rates.
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treeman
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Post by treeman on May 16, 2017 16:23:54 GMT
My latest repayment was 12/5 - reinvested @ market rate 15/5.
Across the weekend which no doubt didn't help. Previous reinvestment was same day.
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