jcb208
Member of DD Central
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Post by jcb208 on May 4, 2020 7:25:06 GMT
Its going to be slow going getting RYI investments back now due to the announcement today of the temporary interest reduction.Not many people will put new money in now
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Post by carol167 on May 4, 2020 8:28:00 GMT
Okay, decision made to go through with my currently queue'd withdrawals.
Please add me to the list...
Access 390853 requested 27/03/2020 - £20
Max 392492 31/03/2020 - around £9k
5 Year 398688 20/04/2020 - around £35k
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chris1200
Member of DD Central
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Post by chris1200 on May 4, 2020 8:52:27 GMT
Its going to be slow going getting RYI investments back now due to the announcement today of the temporary interest reduction.Not many people will put new money in now My assumption (perhaps misplaced) is that there can't have been very much of significance going in at all anyway, given they've decided to do this. So hopefully before vs. after in terms of RYI speed won't be too different.
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ceejay
Posts: 972
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Post by ceejay on May 4, 2020 9:03:23 GMT
Its going to be slow going getting RYI investments back now due to the announcement today of the temporary interest reduction.Not many people will put new money in now My assumption (perhaps misplaced) is that there can't have been very much of significance going in at all anyway, given they've decided to do this. So hopefully before vs. after in terms of RYI speed won't be too different. "Hopefully", indeed! My guess is that the repayments we've been getting (such as they were!) were due mainly to hands-off investors auto-reinvesting ... but today's email is hard to miss the significance of, so this might well change as inactive lenders become a bit more active.
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bt
Sir Bufton Tufton, Jean Paul Sartre Zippy, Bungle, Jeffrey Archer Andre Previn and the LSO Hello
Posts: 129
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Post by bt on May 4, 2020 9:06:02 GMT
Here's mine, fwiw...
Access 385396 21/3/2020 20k about 1am Access 385404 21/3/2020 80k about 1am
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chris1200
Member of DD Central
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Post by chris1200 on May 4, 2020 9:08:43 GMT
My assumption (perhaps misplaced) is that there can't have been very much of significance going in at all anyway, given they've decided to do this. So hopefully before vs. after in terms of RYI speed won't be too different. "Hopefully", indeed! My guess is that the repayments we've been getting (such as they were!) were due mainly to hands-off investors auto-reinvesting ... but today's email is hard to miss the significance of, so this might well change as inactive lenders become a bit more active. That's a good point, we'll have had interest payment re-investment too. You'd imagine it'll certainly add a fair few to the RYI queue, that's for sure.
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jcb208
Member of DD Central
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Post by jcb208 on May 4, 2020 9:32:15 GMT
I take it that any new money and repayments which are invested from today will get the currant rate of interest ,not the reduced which may help a bit
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chris1200
Member of DD Central
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Post by chris1200 on May 4, 2020 9:33:12 GMT
I take it that any new money and repayments which are invested from today will get the currant rate of interest ,not the reduced which may help a bit Unfortunately it seems not - see my post here: p2pindependentforum.com/post/385491/thread
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murkle
New Member
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Post by murkle on May 4, 2020 9:37:14 GMT
381510 5Yr 18th March 2020 28k Feel free to add to list
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jcb208
Member of DD Central
Posts: 829
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Post by jcb208 on May 4, 2020 9:40:43 GMT
I take it that any new money and repayments which are invested from today will get the currant rate of interest ,not the reduced which may help a bit Unfortunately it seems not - see my post here: p2pindependentforum.com/post/385491/threadYour right just read the FAQ ,oh well more doom and gloom so a long wait for RYI now.Ratesetter should change the investment rate boxes to the current rates to avoid confusion
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Post by jaycee on May 4, 2020 9:42:47 GMT
"Hopefully", indeed! My guess is that the repayments we've been getting (such as they were!) were due mainly to hands-off investors auto-reinvesting ... but today's email is hard to miss the significance of, so this might well change as inactive lenders become a bit more active. That's a good point, we'll have had interest payment re-investment too. You'd imagine it'll certainly add a fair few to the RYI queue, that's for sure. And halve the amount from reinvestment that is available to fund RYIs.
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Post by Ace on May 4, 2020 10:26:12 GMT
That's a good point, we'll have had interest payment re-investment too. You'd imagine it'll certainly add a fair few to the RYI queue, that's for sure. And halve the amount from reinvestment that is available to fund RYIs. Halve? That's incredibly optimistic. You'd have to be stark raving mad to risk reinvesting on a sinking RS at rates that are only fractionally above what you can get FSCS protection on.
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Post by ruralres66 on May 4, 2020 11:59:49 GMT
In an attempt at charting the RYI progress now we have been given helpful reference numbers I've logged the following table from information supplied. Of course the amount would also assist, but I think the numbers give a guide at least. My 5 year RYI is still not displayed so I spoke to RS this morning and there was (an inadvertent) indication that they are currently ploughing through the requests from the 11th presumably in the Access markets. I have put an optimistic repaid date column in so do report back when your funds arrive. I'll also add any more at intervals if you report them in this thread.
Of course, now RS will know who I am (if they don't already) FYI - so the stats can be tracked as well.
ruralres66
Everyday
£5,370.00 5 Year 04/05/2020 402474 Queueing
ISA
£3,880.00 5 Year 04/05/2020 402481 Queueing £8,500.00 1 Year 04/05/2020 402540 Queueing
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Post by danny101 on May 4, 2020 15:27:46 GMT
Hi, if anyone is interested, just had an email response from ratesetter. I actioned the RYI function on the 16th March in the one year market, I, m likely to get this repaid within 14 days. I also have a request in for the access, max and plus from the 13th March, I have been advised that this could still take over 3 months from now. Not what I was expecting.
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Post by carol167 on May 4, 2020 16:21:15 GMT
Hi, if anyone is interested, just had an email response from ratesetter. I actioned the RYI function on the 16th March in the one year market, I, m likely to get this repaid within 14 days. I also have a request in for the access, max and plus from the 13th March, I have been advised that this could still take over 3 months from now. Not what I was expecting. If they are not opec to new investors then it does limit the number that can take over your loans. The way things stand you'll be lucky if you get the access, max and plus back this year.
On a positive note though, I'm reading in various places that the amount people are saving due to the lockdown (and the inability to spend their money) has significantly increased. It could be hoped that some might pay off their loans early - to save the costs. You never know....
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