ceejay
Posts: 972
Likes: 1,149
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Post by ceejay on Apr 26, 2020 11:25:59 GMT
It might be more useful to provide an estimated date of payment based on the number. Looking at the list it's taking about 1 month to get through withdrawal requests over the period of a day at present. So people like me who requested on the 17th March will be waiting until the Autumn at this rate. Also why are people in the 1 year queue accessing their money more quickly? They seem to be prioritising these people. It might not be that the 1Y market is being prioritised so much as the fact that the 1Y (and 5Y) are separate markets. If a 1Y loan repays - and so far we've not seen any that haven't paid either in reality or with the help of the PF - then those funds are released to the lender and if they have auto-reinvest set then, hey presto, someone else's RYI gets satisfied. Similarly with the 5Y - its different from the 1Y in that there are monthly repayments (whereas 1Y are bullets) so there is continual repayment and if someone is on autopilot then again they will be funding RYIs in that market.
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Post by mdub on Apr 27, 2020 13:28:05 GMT
My 1 YR RYIs paid out today as follows:
375232 1 YR £200K Paid out 27/04/20 @ 13:04 375235 1 YR £20K Paid out 27/04/20 @ 12:59 (Partial, about £1.9K left)
Some progress at least in the 1 YR market.
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cobi
Member of DD Central
Posts: 76
Likes: 80
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Post by cobi on Apr 27, 2020 14:56:25 GMT
According to the reference numbers logged here are the approximate numbers of withdrawal requests per day. Still quite a long way to go to get over the hump.
11/03/2020 198
12/03/2020 1011
13/03/2020 739
14/03/2020 280
15/03/2020 683
16/03/2020 1424
17/03/2020 1683
18/03/2020 928
19/03/2020 644
20/03/2020 717
22/03/2020 1
23/03/2020 595
25/03/2020 0
26/03/2020 0
27/03/2020 0
28/03/2020 101
29/03/2020 74
30/03/2020 0
31/03/2020 334
01/04/2020 3
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Post by BrianC on Apr 27, 2020 17:39:55 GMT
My 1 YR RYIs paid out today as follows: 375232 1 YR £200K Paid out 27/04/20 @ 13:04 375235 1 YR £20K Paid out 27/04/20 @ 12:59 (Partial, about £1.9K left) Some progress at least in the 1 YR market. Wow, that’s quite some investment. You must be very relieved. Such large sums maybe explains why my access withdrawal still hasn’t been processed today despite me being next on our list for the past week. It does appear Access withdrawals have significantly slowed down. Maybe tomorrow.
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Post by Deleted on Apr 27, 2020 17:59:41 GMT
Reopening to lending can't have helped RYI requests. Maybe a large proportion of today's 900k was for the 1 year market.
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alanh
Posts: 556
Likes: 560
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Post by alanh on Apr 27, 2020 19:16:06 GMT
Reopening to lending can't have helped RYI requests. Maybe a large proportion of today's 900k was for the 1 year market. Its not had any visible effect on RYI's in the numbers we are seeing so far. Todays £900k is in line with what we have seen for the past few weeks.
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Post by Deleted on Apr 27, 2020 19:19:45 GMT
Reopening to lending can't have helped RYI requests. Maybe a large proportion of today's 900k was for the 1 year market. Its not had any visible effect on RYI's in the numbers we are seeing so far. Todays £900k is in line with what we have seen for the past few weeks. Last Thu and Fri were lower than average and over 200k, maybe more, of today's 900k was from 1 year, so may have lowered Access RYIs significantly - not sure we can tell yet.
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alanh
Posts: 556
Likes: 560
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Post by alanh on Apr 27, 2020 19:25:29 GMT
Its not had any visible effect on RYI's in the numbers we are seeing so far. Todays £900k is in line with what we have seen for the past few weeks. Last Thu and Fri were lower than average and over 200k, maybe more, of today's 900k was from 1 year, so may have lowered Access RYIs significantly - not sure we can tell yet. Its definitely something to keep an eye on. I know last Thur and Fri were low days, but the week overall was in line with the other weeks and todays 900k is good for implying a £4.5m week. We need to ignore the day to day noise and watch those weekly figures for any drop off.
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cobi
Member of DD Central
Posts: 76
Likes: 80
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Post by cobi on Apr 28, 2020 15:05:17 GMT
I’ve been watching the full 1 year market. Today a £450k 1 year loan repaid early and the money available on the 1 year market increased by £180k. Obviously I don’t know whether other transactions were taking place at the same time but the market is pretty steady.
I think a 40% reinvestment rate is a positive sign.
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Post by oppsididitagain on Apr 28, 2020 17:53:52 GMT
I spoke to RS customer service today, just to clarify a few thing on my account and they told me, its basically business as usual , we can still lend and set rates etc as we choose.. Obviously they are a bit more picky who they lend too at the moment .
I was also told they are processing withdrawals for : Access March 12 1Yr March 13 5YR March 16
The busiest day for withdrawals was March 16
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Post by erniec on Apr 28, 2020 18:05:14 GMT
I was also told they are processing withdrawals for : Access March 12 1Yr March 13 5YR March 16 The busiest day for withdrawals was March 16 Of course, they got that information from page 1 of this thread.
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Post by Badly Drawn Stickman on Apr 28, 2020 18:20:56 GMT
I was also told they are processing withdrawals for : Access March 12 1Yr March 13 5YR March 16 The busiest day for withdrawals was March 16 Of course, they got that information from page 1 of this thread. Yes, really we should make it only accessible by clicking on a tiny red pencil hidden somewhere on the platform.
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Post by BrianC on Apr 28, 2020 19:25:01 GMT
It seems very little money is being used for Access withdrawals right now. in the last week no more than 100 have been processed. Between my number as next in our list to the last Access in the list is 25,000 places. So just the 5 years to go at the current rate Can’t blame them for prioritising 1 and 5 year I guess when they’re higher rates generally and charge a fee but ‘Access’ is proving the least Access-able.
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Post by gar on Apr 28, 2020 19:27:17 GMT
Hello Gents, I have just joined the forum so new to all the bells and whistles on the interface. I made request to pull my investment PM on the 16th of March, the last time I spoke to RS they said they were processing the withdrawal for 12 March so I still have a long way to go. Alarmingly I logged into my account page the other day to find that the option box to cancel my withdrawal request had gone. In its place was a new button asking me to make a new withdrawal request, foolishly I clicked the button with the end result giving me a new date of 27th April as the date I had requested my funds. I have spoken to RS who said this is a known issue, they confirmed to me that my original withdrawal is still logged on the their system as the 16th March. Posted this to help other people who may experience the same issue, it will save them a sleepless night until they can confirm things with RS So basically im in the que 16th March afternoon
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chris1200
Member of DD Central
Posts: 827
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Post by chris1200 on Apr 28, 2020 19:41:20 GMT
Hello Gents, I have just joined the forum so new to all the bells and whistles on the interface. I made request to pull my investment PM on the 16th of March, the last time I spoke to RS they said they were processing the withdrawal for 12 March so I still have a long way to go. Alarmingly I logged into my account page the other day to find that the option box to cancel my withdrawal request had gone. In its place was a new button asking me to make a new withdrawal request, foolishly I clicked the button with the end result giving me a new date of 27th April as the date I had requested my funds. I have spoken to RS who said this is a known issue, they confirmed to me that my original withdrawal is still logged on the their system as the 16th March. Posted this to help other people who may experience the same issue, it will save them a sleepless night until they can confirm things with RS So basically im in the que 16th March afternoon Welcome. Unsurprisingly, women use this forum too. So let's not be exclusionary
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