SteveT
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Post by SteveT on Oct 5, 2017 8:51:21 GMT
Planners noted that it was important to free up housing currently used for student accommodation so it could be made available for families when planning was granted for this development and the previous one currently live on the platform. Which makes eminent sense! I've looked around quite a number of student blocks over the last 18 months (I've 2 Uni-stage kids) and they are a massively better proposition as student accommodation than the old "Young Ones"-style student digs our generation experienced. Students get a smart, purpose-built study bedroom with as many mod cons as they want to pay for (or, rather, fund risk-free from the UK tax-payer), bright and airy communal spaces that get cleaned regularly, and the social benefits of living alongside hundreds of other students, not just 3 odd-balls you met first term and are now stuck with for a year. Meanwhile nearby areas of grungy old student-let terraces get refurb-ed as nice family housing again (front gardens tended, dumped junk disposed of) whilst tired old commercial premises are bought up and demolished to make way for another block of student flats. And, by bringing families back into the neighbourhood (along with moneyed students), struggling corner-shops / cafes / pubs evolve into upmarket delicatessens / bistro restaurants / clubs As a cost-free* (to the local authorities) vehicle for rapid urban renewal, there's little to match it! * Of course, the massive state-funded financial stimulus behind all this privately-funded redevelopment lies in the way "student loans" are now funded, and the burgeoning billions to be written off in 30 years' time when outstanding student debts expire. Current projections are that 75% of students will not repay their "loans" in full, so a nicer room isn't likely to cost them anything (and certainly won't for at least 15-20 years) ...
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fp
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Post by fp on Oct 5, 2017 9:01:21 GMT
Planners noted that it was important to free up housing currently used for student accommodation so it could be made available for families when planning was granted for this development and the previous one currently live on the platform. Which makes eminent sense! Indeed it does Steve, in sheffield the trend at present is to convert empty office blocks as many companies have moved out of the expensive town centre blocks into more easily accessible units on the outskirts of town closer to the major road networks.
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ben
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Post by ben on Oct 5, 2017 18:08:13 GMT
The point of the newspaper article seemed to be that some designs of student developments were not liked by students. They decide where they will live, not the planners. Purchasers of these 'investment properties' may take note also. I believe the large student flats loan currently on COL is of a 'favoured' design. Bit of a pointless article, the person interviewed was hardly going to give an independent opinion he was obviously going to say it is rubbish as it could hurt his business.
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keystone
Member of DD Central
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Post by keystone on Oct 6, 2017 12:07:56 GMT
All gone! £42,500 snapped up by single investor just after 12.
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fogey
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Post by fogey on Oct 8, 2017 22:21:52 GMT
All gone! £42,500 snapped up by single investor just after 12. It wasn't me .. despite telling everyone to get onboard version 1 when it had the inevitable Panic Attack
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fp
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Post by fp on Oct 18, 2017 18:38:10 GMT
Charges registered at CH
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jlend
Member of DD Central
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Post by jlend on Feb 14, 2018 10:16:59 GMT
Hi MoneyThingAny news on when the independent surveyor report mentioned in December will be available? Thanks
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Post by Butch Cassidy on Feb 15, 2018 11:21:44 GMT
Given that the latest platform assessment of this borrower/development team seems fairly negative, "We (MT) now do not have confidence that the borrower can commence or complete this project", would it be safe for investors to assume that they have been requested to refinance all their existing MT loans, including this one, off platform with immediate effect? If so what timescale do MT anticipate this taking before more robust enforcement action might be required?
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elliotn
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Post by elliotn on Feb 15, 2018 11:24:31 GMT
Hi MoneyThingAny news on when the independent surveyor report mentioned in December will be available? Thanks Significant Update.
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invester
P2P Blogger
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Post by invester on Feb 15, 2018 13:49:40 GMT
Seems like an absolute mess.
It seems like there might be 29 sales that might have exchanged, what happens to these?
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mary
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Post by mary on Feb 15, 2018 19:15:58 GMT
Given the update, I'm confused, surely this should be suspended from the SM?
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ptr120
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Post by ptr120 on Feb 15, 2018 19:29:59 GMT
Given the update, I'm confused, surely this should be suspended from the SM? This loan has interest on account for the moment which is probably the reason it hasn't been.
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elliotn
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Post by elliotn on Feb 16, 2018 6:40:47 GMT
Given the update, I'm confused, surely this should be suspended from the SM? This loan has interest on account for the moment which is probably the reason it hasn't been. Yep, Birkenhead was kept alive until the last drop of retained interest was squeezed out.
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Yintara
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Post by Yintara on Feb 22, 2018 10:05:50 GMT
Some people at least have faith in the valuation of this loan, given the somewhat discouraging tone of last week's update. I was quite surprised to have the last of my holding bought out a few days ago by someone dropping £2500 in, and there have been further investments of 1-2k over the last couple of days. I don't quite follow the rationale when there are other loans not struggling, but maybe people are just diversifying regardless of loan risk level.
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Doc
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Post by Doc on Feb 22, 2018 13:43:51 GMT
Given the update, I'm confused, surely this should be suspended from the SM? It has been suspended now ... see latest update.
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