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Post by penguin on Mar 8, 2018 17:20:20 GMT
Given how quickly these flew off the shelves, I assume MT will be whacking out some more tranches imminently. Quite like the old days
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ptr120
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Post by ptr120 on May 3, 2018 15:25:17 GMT
More tranches on the way tomorrow
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elsee
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Retired:D
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Post by elsee on May 3, 2018 15:48:30 GMT
More tranches on the way tomorrow Hopefully our money comes in in time.
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sapphire
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Post by sapphire on May 4, 2018 9:30:49 GMT
The Debenture document dated 9th March 2018 filed at the Companies House as a 'Registration of Charge' (viewable via the Companies House website) is signed by the Director of the borrowing company but the Witness Signature and address is blank.
Hope this does not invalidate the debenture and the charge held by MT?
Presumably this debenture will continue for the 3 tranches going live today.
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liso
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Post by liso on May 4, 2018 9:59:30 GMT
The Debenture document dated 9th March 2018 filed at the Companies House as a 'Registration of Charge' (viewable via the Companies House website) is signed by the Director of the borrowing company but the Witness Signature and address is blank. Hope this does not invalidate the debenture and the charge held by MT? Presumably this debenture will continue for the 3 tranches going live today. The absence of a witness signature would allow the borrower to challenge the validity of the document if he wished to do so.
Whether his challenge would be successful is another matter, but if the document were properly signed the situation would never arise. Sloppy.
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Post by MoneyThing on May 4, 2018 10:08:22 GMT
The Debenture document dated 9th March 2018 filed at the Companies House as a 'Registration of Charge' (viewable via the Companies House website) is signed by the Director of the borrowing company but the Witness Signature and address is blank. Hope this does not invalidate the debenture and the charge held by MT? Presumably this debenture will continue for the 3 tranches going live today. The absence of a witness signature would allow the borrower to challenge the validity of the document if he wished to do so.
Whether his challenge would be successful is another matter, but if the document were properly signed the situation would never arise. Sloppy.
Morning liso, The debenture has all been signed appropriately, however the signature and address has been redacted for the version filed at companies house which is permissible for records that are publicly available. Regards, Ed
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liso
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Post by liso on May 4, 2018 10:12:44 GMT
The absence of a witness signature would allow the borrower to challenge the validity of the document if he wished to do so.
Whether his challenge would be successful is another matter, but if the document were properly signed the situation would never arise. Sloppy.
Morning liso, The debenture has all been signed appropriately, however the signature and address has been redacted for the version filed at companies house which is permissible for records that are publicly available. Regards, Ed Thank you for the clarification. Appreciated.
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pom
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Post by pom on May 4, 2018 11:02:39 GMT
Well that was boringly easy after the hassles on ABL this morning
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archie
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Post by archie on May 4, 2018 11:03:09 GMT
Half gone in 2 minutes.
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m2btj
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Post by m2btj on May 4, 2018 11:15:37 GMT
After 15 mins there's still good availability. That would have gone in ten minutes last year!
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archie
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Post by archie on May 4, 2018 12:53:34 GMT
After 15 mins there's still good availability. That would have gone in ten minutes last year! Bid limit was £400 on first three loans, only £300 for these. These are the first loans since the IFISA launched. MT wouldn't have any data for how many lenders were likely to buy on both the normal and ISA accounts. I guess the limits were reduced just in case it was significant.
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jlend
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Post by jlend on May 4, 2018 12:54:19 GMT
After 15 mins there's still good availability. That would have gone in ten minutes last year! There are a fair number of lenders that have probably left MT for good.
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Post by SophieThing on May 4, 2018 13:03:03 GMT
After 15 mins there's still good availability. That would have gone in ten minutes last year! There are a fair number of lenders that have probably left MT for good. Hi jlend, Well that's not our experience. Bid limits are lower this time to allow more people to invest. Over 90% of lenders that have logged into their account have agreed to out new T&C's; activity remains strong on the platform; customers continue to engage with us. New loans origination has been low this year so far, really regular new loan flow is the thing that makes it worthwhile for the majority of lenders to visit the platform regularly (forum members are probably an exception to this). Once we get new loan origination back on track, I expect we'll start to build momentum again. Kind regards Sophie
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jlend
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Post by jlend on May 4, 2018 13:06:45 GMT
There are a fair number of lenders that have probably left MT for good. Hi jlend , Well that's not our experience. Bid limits are lower this time to allow more people to invest. Over 90% of lenders that have logged into their account have agreed to out new T&C's; activity remains strong on the platform; customers continue to engage with us. New loans origination has been low this year so far, really regular new loan flow is the thing that makes it worthwhile for the majority of lenders to visit the platform regularly (forum members are probably an exception to this). Once we get new loan origination back on track, I expect we'll start to build momentum again. Kind regards Sophie Perhaps just a few vocal ones then. I have accepted the T and C and invested
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on May 4, 2018 13:19:41 GMT
After 15 mins there's still good availability. That would have gone in ten minutes last year! There are a fair number of lenders that have probably left MT for good. I have not yet accepted the revised Ts & Cs, I don't like them. And I will probably continue to run down my MT account, as I have been. Numerous other Platforms out there and I have been with MT long enough.
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