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Post by rl on Dec 24, 2020 19:12:36 GMT
Request 398537 in Access from 20th April repaid at 18.33 today.
Thanks again for all your hard work Star Dust, and Merry Christmas to all!
Cheers..
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Post by vv on Dec 25, 2020 8:51:09 GMT
My ryi’s from the 18th and 21st paid back last night. I’m now out of ratesetter. Can’t believe it happened in 2020. Thanks stardust for all your tracking efforts!!
Merry Christmas
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rrrupert
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Post by rrrupert on Dec 26, 2020 15:09:30 GMT
Thank you for putting my RYI on the table. Just to note it is an RYI created on 19/12 for the Access account. The cash amount is 20k.
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star dust
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Post by star dust on Dec 26, 2020 15:32:19 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.... Well all those years later I think your theory still held true. Being someone who usually only invested when rates hit a high spot was probably why 15% of what was left of my access account had a repayment date of the 21 st and was 1 percentage point above my average Access rate at 8.2% (although obviously I've only been getting 4.1% on that recently). Pleased to finally note that the 15% RYI'd today @ 13:22 according to the RS email received, and so I've now joined the RS withdrawal Q (which I suspect is rather lengthy) and hope it doesn't fall over before my scheduled bank arrival on the 29 th. As predicted, I'm not quite all out yet still having that pesky £9.22 Access loan that RS gave me last month! Good luck to everyone else, I think many more here will escape soon, and I do hope by some good fortune no one ends up with a capital haircut.
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Post by Deleted on Dec 26, 2020 15:48:24 GMT
I think Access loans less than £10 are repaid in full on the next repayment date. That's how mine went anyway. I still have some sub-£10 loans in 5Y where that doesn't happen.
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aju
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Post by aju on Dec 26, 2020 16:53:12 GMT
I think Access loans less than £10 are repaid in full on the next repayment date. That's how mine went anyway. I still have some sub-£10 loans in 5Y where that doesn't happen. Myself and Mrs Aju have 5 year loans that did not get fully cleared when the RYI went through leaving a number of <£10 loans we still waiting for the Access RYI to clear as yet. The 1Y loans all went through but then they were all > £10 I think!.
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Post by rl on Dec 26, 2020 22:26:55 GMT
My final two RYIs have been released today, both in Max from 4th May:
402149 – released at 10.39
402527 – released at 21.11
Cheers..
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aju
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Post by aju on Dec 26, 2020 23:57:14 GMT
So I've had a release on my ISA account 403187, it cleared this evening, the 26th Dec the email says 10:27 pm
Mrs Aju's 2 will probably close later or at worst by tomorrow (Sunday) if its running still.
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Post by Deleted on Dec 27, 2020 9:48:56 GMT
So I've had a release on my ISA account 403187, it cleared this evening, the 26th Dec the email says 10:27 pm Mrs Aju's 2 will probably close later or at worst by tomorrow (Sunday) if its running still. Just to flag up that some have been suffering long delays after requesting an ISA transfer out of RS (mentioned in another thread). Not sure if you were planning on transferring or withdrawing (some withdrawals have taken longer too, due to high volumes).
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aju
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Post by aju on Dec 27, 2020 9:56:50 GMT
So I've had a release on my ISA account 403187, it cleared this evening, the 26th Dec the email says 10:27 pm Mrs Aju's 2 will probably close later or at worst by tomorrow (Sunday) if its running still. Just to flag up that some have been suffering long delays after requesting an ISA transfer out of RS (mentioned in another thread). Not sure if you were planning on transferring or withdrawing (some withdrawals have taken longer too, due to high volumes). Yes thanks i had seen some issues, i guess its possible we could be affected. RS has ramped up releases since their recent large external transfers. I keep track of dates of personal fund withdrawals so will notice this if there are delays. Our personal releases are very small though now.
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Post by Deleted on Dec 27, 2020 11:29:09 GMT
Just to flag up that some have been suffering long delays after requesting an ISA transfer out of RS (mentioned in another thread). Not sure if you were planning on transferring or withdrawing (some withdrawals have taken longer too, due to high volumes). Yes thanks i had seen some issues, i guess its possible we could be affected. RS has ramped up releases since their recent large external transfers. I keep track of dates of personal fund withdrawals so will notice this if there are delays. Our personal releases are very small though now. I mostly meant delays in ISA transfers ie direct to another ISA provider rather than a withdrawal to your bank. Depends if you're intending on keeping the ISA wrapper.
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aju
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Post by aju on Dec 27, 2020 11:46:54 GMT
Yes thanks i had seen some issues, i guess its possible we could be affected. RS has ramped up releases since their recent large external transfers. I keep track of dates of personal fund withdrawals so will notice this if there are delays. Our personal releases are very small though now. I mostly meant delays in ISA transfers ie direct to another ISA provider rather than a withdrawal to your bank. Depends if you're intending on keeping the ISA wrapper. Oh I see, I thought you were referring to the recent general moving of funds delays detailed here rather than ISA loss of tax cover. In the case of ISA's they are only really relevant to myself Mrs Aju does not pay tax and as result I/we have moved funds to the best FSCS covered rates in her name. The odd amounts in my accounts sadly do not generate enough to even breach my savings allowance in the current climate. We are at present moving all our investments, well most of them, over to safer territory while the dust settles on the current world issues and our own with the EU. Sadly I moved most stuff in anticipation some time ago as rates were tumbling and it looked like we might hit even rockier times than we seem to have so far (Bit of an understatement I know)
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Post by greenstar on Dec 28, 2020 6:57:05 GMT
Lovely Christmas present from RS when I woke up this morning.
404744 (Access) paid in full before 6am today.
Thanks to star dust for setting this up and everyone involved in submitting data and commenting, it's made life so much easier and less stressful than doing this sort of thing in isolation.
Happy New Year and best wishes to everyone.............
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Dec 28, 2020 8:20:17 GMT
That leaves just me at 3055. No need to maintain the table just for me star dust ,thanks.
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aju
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Post by aju on Dec 28, 2020 9:48:33 GMT
That leaves just me at 3055. No need to maintain the table just for me star dust ,thanks. Be done today perhaps tomorrow! Edit: I just went to RS to check the current positions and realised that once one is out then they are not available to me! (What a silly billy!)
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