moist
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Post by moist on Jun 25, 2017 6:39:12 GMT
so money dropped into my isa last Thursday. £592k in front for investment with estimated 5 day delay for mine to be invested. Now 3 days on, £611k in front...... Guessing the estimate is not worth reading. But at current rate my money will never be invested......
Anyone else had issues?
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theshape
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Post by theshape on Jun 25, 2017 13:13:16 GMT
Reinvested funds take priority so you have to take the estimate as a very rough guide as funds can join the queue ahead of you. I have found that you can move backwards in the queue only to then jump forwards significantly. A five day wait is much shorter than the wait times that were estimated at some points earlier in the year.
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Post by carol167 on Jun 26, 2017 21:19:17 GMT
I was getting 12 to 15 day waiting times only a few weeks ago. Been dribbling in 10k in lots of 1k at a time.
They all go, some quicker than others.
Have patience.
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morris
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Post by morris on Jun 27, 2017 6:16:02 GMT
When I first invested ISA funds I was told the queue was 24 days. I never waited anything like that.
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moist
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Post by moist on Jul 2, 2017 8:18:32 GMT
well the 5 day estimate clearly not correct.....still waiting!
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Ukmikk
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Post by Ukmikk on Jul 11, 2017 11:24:29 GMT
I have 5k transferred in and waiting. Estimated matching time at end of June was 7 days. Today, 7 working days later, estimated time is.. 6 days. So 1 day LWT (LW Time) equals 7 days real world time. Very disappointing.
Add this to the archaic ISA transfer process and the whole thing becomes rather uninviting.
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Post by Matthew on Jul 11, 2017 12:14:01 GMT
I have 5k transferred in and waiting. Estimated matching time at end of June was 7 days. Today, 7 working days later, estimated time is.. 6 days. So 1 day LWT (LW Time) equals 7 days real world time. Very disappointing. Add this to the archaic ISA transfer process and the whole thing becomes rather uninviting. Hi UkmikkThat doesn't sound normal - if you could email details to our CS team we can look into that for you. The estimates are approximates based on paid volumes from the previous 30 days, and are sometimes a little off, but it shouldn't be 1 LWT : 7 RWT! In terms of the ISA transfer process - not sure if you're referring to the LW process or generally - unfortunately the general process is poor, with the majority of ISA providers requiring wet signatures i.e. original signed forms to be posted, in addition to sending cheques by post in return (quite often a few weeks after the initial transfer request). Far from ideal. If you do have any feedback on our process though please do feed back any suggestions.
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Ukmikk
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Post by Ukmikk on Jul 11, 2017 13:22:28 GMT
Hello Matthew,
Thanks for responding. It doesn't sound normal - because its not. I have been on holiday and got my dates mixed up, my error and my apologies. The reality is more like 1 LWT : 3 RWT which is more understandable taking volume variation into account. I will try to be patient 
The comment re the transfer process was a general comment rather than LW specific - in fact I have found LW to be very efficient and helpful (within the constraints of such an archaic system) in this respect. The whole process from posting (!) the transfer form to seeing cash lent can be somewhat lengthy.
Thanks again, I think I'll just go and have a lie down - being back at the coal face is obviously taking its toll on me.
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