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Post by vv on Dec 21, 2020 17:05:10 GMT
392043 - Released from 30th March today.
Thank you for updating.
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Post by carol167 on Dec 21, 2020 17:34:00 GMT
31/03/2020 Max 392492 3492 Repaid 17:21 today 21/12/2020 £5349 returned down from original £9k due to natural returns since original request
I'm effectively out now bar £92 in sub £10 loans in the 5yr
Thanks for updating!
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badersleg
Member of DD Central
Posts: 204
Likes: 85
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Post by badersleg on Dec 21, 2020 18:58:12 GMT
389530 requested on 25/03/2020 was paid out on 20 Dec.
Much earlier than anticipated.
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star dust
Member of DD Central
Posts: 2,998
Likes: 3,531
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Post by star dust on Dec 21, 2020 19:56:09 GMT
My RYI went into processing at 18:46. It’s stopped at 85% processed, and having left it for a while and inspected the detail I think that’s likely it for today.
I’ve always had a populous repayment day on the 21 st of the month – indeed I think WestonKevTMP (nee westonkevRS) had a theory about it 😉. The 15% is all loans with a repayment date today, they made a repayment this morning, but I assume can’t RYI until tomorrow. There is also a £9.22 anomaly that RS created last month from a loan part that should’ve repaid – it’s down as I month left and repayment 06/01/21 – so if it doesn’t come with the rest tomorrow I’ll have to decide whether it’s worth a phone call or just wait for January. At least there’s still £51m left on the market @3.0% so I don’t think my final bit is in too much danger . As I've said I think a lot here will get their RYI's fulfilled from this sale of the RS property loan book, coupled with inertia/ignorance from the majority of RS's 'mainstream retail' investor base.
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Post by oppsididitagain on Dec 21, 2020 20:53:46 GMT
392452. - All paid back requested on 31.03.20. (Originally requested 40K but this has been reduced to only 18.5K overtime. )
Im completely out of access and 1Yr (didnt pay any fee's). - just leaving my 6K in the 5Yr to do it thing as Im getting 6.4% on those funds.
Thanks to the original poster for starting this thread
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Post by Badly Drawn Stickman on Dec 21, 2020 21:31:10 GMT
I am informed that 392037 and its friend 39 have repaid today, so my responsibility there is cleared.
Do have a few small ones of my own that have moved into the 6000 to 10000 queued area in the last week, they wont hold up the progress long. I am inclined to think they might cross the line early next year. I no longer have anything to check what the overall queue size is unfortunately.
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ceejay
Posts: 972
Likes: 1,149
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Post by ceejay on Dec 21, 2020 23:46:56 GMT
My Access RYI (not in the list on page 1) from 1 April completed late today, the last dregs of my RS investment. Balance precisely zero!
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Post by Deleted on Dec 22, 2020 7:43:42 GMT
392452. - All paid back requested on 31.03.20. (Originally requested 40K but this has been reduced to only 18.5K overtime. ) Im completely out of access and 1Yr (didnt pay any fee's). - just leaving my 6K in the 5Yr to do it thing as Im getting 6.4% on those funds. Thanks to the original poster for starting this thread Surely you're only getting 3.2% at the moment due to the interest haircut and the possibility of a future capital haircut? Not the risk/reward balance for me.
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Post by oppsididitagain on Dec 22, 2020 8:50:10 GMT
392452. - All paid back requested on 31.03.20. (Originally requested 40K but this has been reduced to only 18.5K overtime. ) Im completely out of access and 1Yr (didnt pay any fee's). - just leaving my 6K in the 5Yr to do it thing as Im getting 6.4% on those funds. Thanks to the original poster for starting this thread Surely you're only getting 3.2% at the moment due to the interest haircut and the possibility of a future capital haircut? Not the risk/reward balance for me. Yes only 3.2% ATM. My logic is (who knows if its correct or not is) It looks like the 5yr is pretty much upto date on the withdrawals queue, so I could access anytime, but there is a fee for that- 1.5% of capital The loans are reducing by about 150 a month. So whilst there is 10Mil cash available in 5yr, and 50mi in access, although not sure if that can be used to liquidate the 5yr market, I'll let them reduce a bit. There is also a chance they will be repaid early. Once the 10mil gets down to below 1mil I'll re-evaluate the situation. Only time will tell is my plans pays off.
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,033
Likes: 1,857
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Post by littleoldlady on Dec 22, 2020 10:55:59 GMT
Surely you're only getting 3.2% at the moment due to the interest haircut and the possibility of a future capital haircut? Not the risk/reward balance for me. Yes only 3.2% ATM. My logic is (who knows if its correct or not is) It looks like the 5yr is pretty much upto date on the withdrawals queue, so I could access anytime, but there is a fee for that- 1.5% of capital The loans are reducing by about 150 a month. So whilst there is 10Mil cash available in 5yr, and 50mi in access, although not sure if that can be used to liquidate the 5yr market, I'll let them reduce a bit. There is also a chance they will be repaid early. Once the 10mil gets down to below 1mil I'll re-evaluate the situation. Only time will tell is my plans pays off. Looks reasonable. The only alternative that I know of with a similar risk/reward profile would be loanpad. Personally the differential interest rate from FSCS accounts is too small in my particular circumstances. I have a modest amount with qardus but that has a different profile.
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upperdeane
Member of DD Central
Posts: 493
Likes: 245
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Post by upperdeane on Dec 22, 2020 15:29:44 GMT
Both my requests sold yesterday : upperdeane 01/04/2020 392794 Access upperdeane 01/04/2020 392797 Plus Thanks for the long term updating of this thread. Appreciated. Happy Christmas and New Year to all.
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cb
New Member
Posts: 3
Likes: 1
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Post by cb on Dec 23, 2020 22:10:43 GMT
Access 396707 & 25 from 11/04 repaid tonight at 21:20. I was not expecting to see this money back this year! Thank you very much for this thread, star dust.
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Post by WestonKevTMP on Dec 24, 2020 8:46:05 GMT
My RYI went into processing at 18:46. It’s stopped at 85% processed, and having left it for a while and inspected the detail I think that’s likely it for today.
I’ve always had a populous repayment day on the 21 st of the month – indeed I think WestonKevTMP (nee westonkevRS ) had a theory about it 😉. The 15% is all loans with a repayment date today, they made a repayment this morning, but I assume can’t RYI until tomorrow. There is also a £9.22 anomaly that RS created last month from a loan part that should’ve repaid – it’s down as I month left and repayment 06/01/21 – so if it doesn’t come with the rest tomorrow I’ll have to decide whether it’s worth a phone call or just wait for January. At least there’s still £51m left on the market @3.0% so I don’t think my final bit is in too much danger . As I've said I think a lot here will get their RYI's fulfilled from this sale of the RS property loan book, coupled with inertia/ignorance from the majority of RS's 'mainstream retail' investor base. The '21st theory' was related to investment. In those glorious days when you could choose your rates, the 21st statistically provided the highest returns. Considering everyone was protected equally by the PF, it therefore made sense to invest on the 21st. The theory was because a majority of loans had repayment days early in the month and so there was lots of cash swilling around for reinvestment at start of month. At end of month, lenders (and borrowers) got paid and would lend swelling the coffers alongside some early repayments from borrowers. So the 21st just sat in the sweet spot of limited liquidity. Kevin. P.S. I left RateSetter's offices in October 2016, never to return....
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Post by dad on Dec 24, 2020 15:21:01 GMT
Request 397684, originally for £3300 but down to £1033 due to repayments, was returned around 3pm 24 December.
Thanks stardust and thanks Ratesetter. I've been impressed with Ratesetter's professionalism.
dad
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Post by vv on Dec 24, 2020 17:28:28 GMT
398306 returned today ... Nearly out now! What a nice Christmas present.
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