upperdeane
Member of DD Central
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Post by upperdeane on Jul 13, 2020 16:59:06 GMT
Hi
My 5 year market request released today. Only 3 more markets to go!
upperdeane Request date: 03/04/2020 Request ID:394348
Cheers
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aju
Member of DD Central
Posts: 3,496
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Post by aju on Jul 13, 2020 17:14:25 GMT
Hi My 5 year market request released today. Only 3 more markets to go! upperdeane Request date: 03/04/2020 Request ID:394348 Cheers cheers to you too, I've added some £10 loan options into the 5Y today as I cannot control how much the 5Y withdraws anymore and I got one today. As soon as it goes to <£10 it's meant to stop RS from repaying it as I'm told one cannot sell loans of <£10. The idea is I maintain the 5Y product even though my withdrawal request id for all the funds. I've got 1Y as well. It remains to be seen whether it works. I'm not expecting my release to get a hit in the next month or so hopefully when they do it will be <10 having paid off some of the loan.
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upperdeane
Member of DD Central
Posts: 493
Likes: 245
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Post by upperdeane on Jul 14, 2020 8:01:07 GMT
Hi My 5 year market request released today. Only 3 more markets to go! upperdeane Request date: 03/04/2020 Request ID:394348 Cheers cheers to you too, I've added some £10 loan options into the 5Y today as I cannot control how much the 5Y withdraws anymore and I got one today. As soon as it goes to <£10 it's meant to stop RS from repaying it as I'm told one cannot sell loans of <£10. The idea is I maintain the 5Y product even though my withdrawal request id for all the funds. I've got 1Y as well. It remains to be seen whether it works. I'm not expecting my release to get a hit in the next month or so hopefully when they do it will be <10 having paid off some of the loan. Fingers crossed it works for you. I made a conscious decision that I'm happy to no longer have access to the 1 Year and 5 year markets when both are sold as I won't be investing any new funds in Ratesetter in the future. Cheers Gary
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rscal
Posts: 985
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Post by rscal on Jul 14, 2020 8:37:48 GMT
cheers to you too, I've added some £10 loan options into the 5Y today as I cannot control how much the 5Y withdraws anymore and I got one today. As soon as it goes to <£10 it's meant to stop RS from repaying it as I'm told one cannot sell loans of <£10. The idea is I maintain the 5Y product even though my withdrawal request id for all the funds. I've got 1Y as well. It remains to be seen whether it works. I'm not expecting my release to get a hit in the next month or so hopefully when they do it will be <10 having paid off some of the loan. Fingers crossed it works for you. I made a conscious decision that I'm happy to no longer have access to the 1 Year and 5 year markets when both are sold as I won't be investing any new funds in Ratesetter in the future. Cheers Gary The percentage held in such loans is small but it would have been difficult to invest deliberately to escape the sub £10 issue. For instance, even setting lending of a single amount such that the regular payment was >£10 could not be guaranteed to work if RS split the sum over two borrowers anyway.
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aju
Member of DD Central
Posts: 3,496
Likes: 923
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Post by aju on Jul 14, 2020 9:04:01 GMT
cheers to you too, I've added some £10 loan options into the 5Y today as I cannot control how much the 5Y withdraws anymore and I got one today. As soon as it goes to <£10 it's meant to stop RS from repaying it as I'm told one cannot sell loans of <£10. The idea is I maintain the 5Y product even though my withdrawal request id for all the funds. I've got 1Y as well. It remains to be seen whether it works. I'm not expecting my release to get a hit in the next month or so hopefully when they do it will be <10 having paid off some of the loan. Fingers crossed it works for you. I made a conscious decision that I'm happy to no longer have access to the 1 Year and 5 year markets when both are sold as I won't be investing any new funds in Ratesetter in the future. Cheers Gary At present I am not intending to lend more into P2P, quite the opposite in fact, but I wanted a way to withdraw funds - as much as possible - but leave all my options open till a later date. The 1Y and 5Y are much easier to game as the number of people who use them reduces - well they were. They also seem to drive the rate trends screen which is a very useful tool too. All that said between myself and Mrs aju I only need one that maintains each of these products preferably Mrs Aju as for the moment she pays no tax (most of our money is in ISA side anyway) but its always useful to have as many options open as possible in my view. In our scheme some loans unable to sell are not a real pressing issue (We are lucky to have that option open to us) Of course time will tell if any of the p2p exists in 2 years anyway...
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prt2000
New Member
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Post by prt2000 on Jul 15, 2020 10:48:36 GMT
Just joined here as have been chasing my Access withdrawal since 17/3/2020 - way to long for me to comfortable with this and a heightened fear i will not be able to get my money out. The Ref is 379491. I notice from the table and previous indications that the whole withdrawal process seemed to stop for any requests after 12/13th March.
I also notice that RS has introduced introduced a queue system indicating the number of requests in front of my request - for me its in the thousands and monitoring it over the last 24hrs has seen that number decrease by a Huge amount of just 2!
I am sure I am not the only one worried but need to publish my huge concern and frustration with what is going on here. If the slow withdrawal process continues - what is the next step (if any)?
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Mucho P2P
Member of DD Central
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Post by Mucho P2P on Jul 15, 2020 11:40:00 GMT
Just joined here as have been chasing my Access withdrawal since 17/3/2020 - way to long for me to comfortable with this and a heightened fear i will not be able to get my money out. The Ref is 379491. I notice from the table and previous indications that the whole withdrawal process seemed to stop for any requests after 12/13th March. I also notice that RS has introduced introduced a queue system indicating the number of requests in front of my request - for me its in the thousands and monitoring it over the last 24hrs has seen that number decrease by a Huge amount of just 2! I am sure I am not the only one worried but need to publish my huge concern and frustration with what is going on here. If the slow withdrawal process continues - what is the next step (if any)? I am 378617 in Access, and have moved up the queue from 2503 to 2502 in the last 12 hours. If that 1 point move was not someone withdrawing £10'sK, then it will be a long drawn out process. Seems to have slowed down considerably in the lat few days, lets see what the next few days hold.
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Post by svbinvest on Jul 15, 2020 11:48:33 GMT
Hi yes - i personally do not read to much into the queue system as the amount is more important than the number of queue position movements. Therefore the critical # for me is still the daily amount.
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slippery
Member of DD Central
Posts: 83
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Post by slippery on Jul 15, 2020 13:11:01 GMT
I was locked out of the 1 year market a while ago due to an early repayment and thankfully never liked the look of the "Access" etc markets. My 5 year RYI April date approached last week & I decided to Edit it down, leaving just under £3,000 to continue repaying monthly. I had rates of 5.1%-6.7%, giving me an average 6% pre-"stabilisation" rate and must admit I was suspicious that I would be left with the lower rate loans. But pleased to report that they have released the loans which had longest to run (which did happen to include the 6.7% loan) and my average is now 5.9%/2. Obviously I'm not sure if splitting the loans by term to run is a fixed policy but thought this might be helpful for anyone else with 5 year loans who might be thinking of leaving part to run off. May, of course, regret editing the early repayment if the interest is cut further or indeed if RS collapses but if it doesn't then the interest will help offset my anticipated loss to the laird on AC loan 227
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adrian77
Member of DD Central
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Post by adrian77 on Jul 17, 2020 7:59:29 GMT
Morning here is my QIF for this week
adrian77 17/03/2020 379625 12.8 Acces - qif 17.07.20 3104
looks like a massive jump up the queue yesterday - yes a whole 2 positions
Disappointing!
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johnt
Investing in Ratesetter, Zopa and Assetz Capital since 2013
Posts: 127
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Post by johnt on Jul 17, 2020 8:50:18 GMT
Hi yes - i personally do not read to much into the queue system as the amount is more important than the number of queue position movements. Therefore the critical # for me is still the daily amount. Trouble with the daily amount is that it doesn't detail which market the money is being released from. They could release £10 million but if only £10 of that is being released into the Access market then it's not much help for those of us waiting in the Access queue.
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aju
Member of DD Central
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Post by aju on Jul 17, 2020 9:52:56 GMT
Morning here is my QIF for this weekadrian77 17/03/2020 379625 12.8 Acces - qif 17.07.20 3104 looks like a massive jump up the queue yesterday - yes a whole 2 positions Disappointing! You might wish to be kind to star dust and post this in the correct thread. Will delete this later as technically this also shouldn't be appearing in this thread. Looks like they already picked it up according to the current table
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prt2000
New Member
Posts: 3
Likes: 3
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Post by prt2000 on Jul 20, 2020 10:47:28 GMT
Hi yes - i personally do not read to much into the queue system as the amount is more important than the number of queue position movements. Therefore the critical # for me is still the daily amount. Trouble with the daily amount is that it doesn't detail which market the money is being released from. They could release £10 million but if only £10 of that is being released into the Access market then it's not much help for those of us waiting in the Access queue. It looks like to me there is no Chronological order for Access - you can see from the table that users with 5 year and 1 Year accounts are being completed after the dates that users have requested for Access. Perhaps I missed the memo where it said the order would be 1) 5 year & 1 year (any date of request for withdraw) 2) Access In nearly a week my queue number has dropped down by just 6 despite an email from RS Friday saying they had delivered 2.4 million. Dates for access withdraws are still around 13th March..
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aju
Member of DD Central
Posts: 3,496
Likes: 923
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Post by aju on Jul 21, 2020 10:29:08 GMT
Trouble with the daily amount is that it doesn't detail which market the money is being released from. They could release £10 million but if only £10 of that is being released into the Access market then it's not much help for those of us waiting in the Access queue. It looks like to me there is no Chronological order for Access - you can see from the table that users with 5 year and 1 Year accounts are being completed after the dates that users have requested for Access. Perhaps I missed the memo where it said the order would be 1) 5 year & 1 year (any date of request for withdraw) 2) Access In nearly a week my queue number has dropped down by just 6 despite an email from RS Friday saying they had delivered 2.4 million. Dates for access withdraws are still around 13th March.. See my comments here I think we are not supposed to post questions in here.
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Post by BrianC on Jul 22, 2020 8:39:36 GMT
My request from 08/04 (396111) in 5 year market repaid yesterday at 15:09.
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