Mick
Be nice... People respond.
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Post by Mick on Apr 1, 2017 14:06:52 GMT
I'm quite new to this form of investing. Is there any reason for lots of loans suddenly being avalible on the Assetz site?
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SteveT
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Post by SteveT on Apr 1, 2017 14:29:13 GMT
Presumably a "big hitter" decided to sell down or sell out. They're mostly the higher rate loans so likely an MLIA lender (rather than GBBA).
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Post by mrclondon on Apr 1, 2017 15:12:17 GMT
I'm quite new to this form of investing. Is there any reason for lots of loans suddenly being avalible on the Assetz site? Unlike SteveT , my suspicion is it is the QAA/30DAA rebalancing loans vs cash following relatively large outflows of cash to replenish flexible (cash) ISA's over the tax year boundary on Wed/Thur this next week. These funds are quite likely to return to the QAA/30DAA at the end of the week until the bigger p2p platforms have IFISA's live, and people move their cash isa's across to IFISAs.
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jj
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Jolly Jammy
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Post by jj on Apr 1, 2017 15:27:22 GMT
I'm quite new to this form of investing. Is there any reason for lots of loans suddenly being avalible on the Assetz site? Unlike SteveT , my suspicion is it is the QAA/30DAA rebalancing loans vs cash following relatively large outflows of cash to replenish flexible (cash) ISA's over the tax year boundary on Wed/Thur this next week. These funds are quite likely to return to the QAA/30DAA at the end of the week until the bigger p2p platforms have IFISA's live, and people move their cash isa's across to IFISAs. I quite agree, because that's what I did myself. I sold 75% of my holdings. Lower rates plus your interest is taxable can't see things improving either because I have next years allowance to fill as well!
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Post by chris on Apr 1, 2017 17:36:55 GMT
Unlike SteveT , my suspicion is it is the QAA/30DAA rebalancing loans vs cash following relatively large outflows of cash to replenish flexible (cash) ISA's over the tax year boundary on Wed/Thur this next week. These funds are quite likely to return to the QAA/30DAA at the end of the week until the bigger p2p platforms have IFISA's live, and people move their cash isa's across to IFISAs. I quite agree, because that's what I did myself. I sold 75% of my holdings. Lower rates plus your interest is taxable can't see things improving either because I have next years allowance to fill as well! I'm going to get myself into trouble for commenting too much, but anyway... Total amount invested in the QAA / 30DAA has plateaued a bit in the last week or so but remains at an all time high. More likely (without checking in detail) is there have been a few drawdowns and there are a few more in the pipeline for the next couple of days so it's just the account maintaining a suitable cash buffer.
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Post by pepperpot on Apr 1, 2017 18:45:56 GMT
Really? I think I remember seeing £21m in the QAA not so long ago, yesterday was £20.3m, as I look now it's just dipped below £20m.
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daveb4
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Post by daveb4 on Apr 1, 2017 20:32:16 GMT
ISA''s I think same thing happened last year. Good time to buy up some loans.
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tonyr
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Post by tonyr on Apr 1, 2017 20:36:41 GMT
ISA''s I think same thing happened last year. Good time to buy up some loans. Yes, exciting isn't it. A couple of days ago 8% seemed great instead of having cash doing nothing (or QAA if that works for you). Now the market seems to be at 10%, but I suspect that'll all go before tomorrow morning.
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Post by chris on Apr 2, 2017 5:23:53 GMT
Really? I think I remember seeing £21m in the QAA not so long ago, yesterday was £20.3m, as I look now it's just dipped below £20m. I was quoting as an overall amount in the QAA and 30DAA combined, which is at an all time high.
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lobster
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Post by lobster on Apr 3, 2017 21:30:21 GMT
There would appear to be a shedload of loans available on the SM right now .
Is this some sort of redistribution before the new tax year ? If so, I was wondering if now would be a good time to pick up a few loans that are not normally available ? Or am I missing something ?
There doesn't appear to be a similar abundance of loans available on other platforms.
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bg
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Post by bg on Apr 3, 2017 22:46:32 GMT
There would appear to be a shedload of loans available on the SM right now . Is this some sort of redistribution before the new tax year ? If so, I was wondering if now would be a good time to pick up a few loans that are not normally available ? Or am I missing something ? There doesn't appear to be a similar abundance of loans available on other platforms. My best guess is that there have been some large 8% loans of late - all funded by the QAA - some with large amounts still unsold (or still waiting to be fed in). Perhaps the QAA has been forced to sell down a bunch of loans to make capacity available for any withdrawals and any future loans (there does seem to be a healthy pipeline of large loans - nearly £3m in upcoming loans that many people wont touch due to such low rates and almost £5m more in the pipeline). It could be that management are uncomfortable with the ratio of loans to cash in the QAA and 30D account. They know if there is a rush to the exit and they don't have the cash on hand there will be hell to pay. Who knows..maybe they will have to return to the underwriters to get some of these loans away. Either that or raise rates. I see it as a good opportunity to get into loans that yield 10%+.
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Post by lynnanthony on Apr 4, 2017 7:08:32 GMT
There would appear to be a shedload of loans available on the SM right now . Is this some sort of redistribution before the new tax year ? If so, I was wondering if now would be a good time to pick up a few loans that are not normally available ? Or am I missing something ? There doesn't appear to be a similar abundance of loans available on other platforms. The MT secondary market has been fairly busy these last few days. With that one it depends on when you look; at times there is nothing at times a dozen or so opportunities.
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jonah
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Post by jonah on Apr 4, 2017 7:19:34 GMT
A 600k+ loan was repaid yesterday and still a lot on offer in AC. My GBBA, GIEA are both 100% invested and my mlia is getting pretty close too.
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tonyr
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Post by tonyr on Apr 4, 2017 7:59:03 GMT
I've been selling 8% and buying at 10% since Saturday and I love it. My headline interest has gone from 10.88% to 11.10% and is still going up. What's not to like?
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lobster
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Post by lobster on Apr 4, 2017 9:41:42 GMT
I've been selling 8% and buying at 10% since Saturday and I love it. My headline interest has gone from 10.88% to 11.10% and is still going up. What's not to like? Fair enough, but has it been easy to sell the 8% loans ? Does anyone know if it was like this 12 months ago at the end of the 2015-16 financial year ?
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