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Comment from: Dave Martyn [Visitor]
Dave Martyn“With rates on the 3 year and 5 year fixed rate loans starting to rise, now is an excellent time to become a lender on RateSetter.”
Unfortunately that’s not the case for monthly access or 1 year bonds which are now at bad joke levels.
To prove the point, the following is a screen shot of the Ratesetter site taken at 19:00 hours 13/01/13:
Current Rates
AERs available now
MONTHLY ACCESS
1.9%

1 YEAR BOND
3.0%

3 YEAR INCOME
4.7%

5 YEAR INCOME
5.9%


I repeat the suggestion I made last year that “City Boys” are manipulating the monthly access market in order to borrow at ridiculously low rates in order to “short” on other investments and repay the RS loan out of the profits.
Nothing illegal in that but that’s no consolation to small investors looking for a reasonable return and a good reason to avoid Ratesetter until rates return to a sensible level.
13/01/13 @ 17:20