n
Member of DD Central
Yet another Nick
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Post by n on Mar 6, 2019 8:38:28 GMT
Because the promised update is for these loans.
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nw99
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Post by nw99 on Mar 6, 2019 8:52:37 GMT
Yes we all received an email about it
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seb8072
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Post by seb8072 on Mar 6, 2019 12:00:56 GMT
I have two accounts. I only hold 80 in one and neither 80 nor 89 in the other. I only received the referenced email for the account in which I hold 80. I therefore assumed, maybe erroneously, that the email only went out to holders of 80 or 98. Holders of 67,68,,85,97,104 & 105 who do not hold 80 or 89 would not therefore be aware of the promised update. Hope that explains it. The end!
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nw99
Posts: 340
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Post by nw99 on Mar 6, 2019 12:28:57 GMT
I don’t hold 80 or 98 and got the email re 67 etc.
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seb8072
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Post by seb8072 on Mar 6, 2019 13:09:26 GMT
Thanks. Perhaps I have an email problem which I will investigate.
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ptr120
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Post by ptr120 on Mar 21, 2019 16:37:08 GMT
Hi ablrate how are things going with regards to the likely rescheduling of these loans?
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Post by ablrate on Mar 22, 2019 10:26:41 GMT
Hi ablrate how are things going with regards to the likely rescheduling of these loans? Its going good, we should have an update soon. Some restructuring required has been done and we are working through the legals at a good pace
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p2pete
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Post by p2pete on Mar 28, 2019 9:36:24 GMT
Could someone clarify what this means please:
In consideration of the information we have received it has been necessary to make an amendment the amortising profile of all the loans (except for loan #1000067 which remains as interest only) from a fixed 6 year term to a 10 year profile but limited to a 4 year term.
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Post by stevem on Mar 28, 2019 9:40:58 GMT
Could someone clarify what this means please: In consideration of the information we have received it has been necessary to make an amendment the amortising profile of all the loans (except for loan #1000067 which remains as interest only) from a fixed 6 year term to a 10 year profile but limited to a 4 year term. I wondered this as well, maybe the capital will be repaid as though it's a 10 year loan but after 4 years the outstanding capital will be repaid (theoretically) so a sort of partially amortsing loan?
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hendragon
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Post by hendragon on Mar 28, 2019 10:08:15 GMT
that would be simliar to many of the AC loans. All are limited to 5 years but partially amotise on varying lengths
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Post by df on Mar 28, 2019 10:42:39 GMT
Could someone clarify what this means please: In consideration of the information we have received it has been necessary to make an amendment the amortising profile of all the loans (except for loan #1000067 which remains as interest only) from a fixed 6 year term to a 10 year profile but limited to a 4 year term. I wondered this as well, maybe the capital will be repaid as though it's a 10 year loan but after 4 years the outstanding capital will be repaid (theoretically) so a sort of partially amortsing loan? Yes, that's what it is.
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Post by ladywhitenap on Mar 28, 2019 11:04:32 GMT
To clarify for my little brain please, This will be calculated as a 10 year amortising loan (with capital and interest paid each month) until after 4 years the outstanding capital will be paid off and the loan cleared. Like an early redemption but without admin/penalty charge.
Thanks
LW
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Post by Ace on Mar 28, 2019 11:30:01 GMT
To clarify for my little brain please, This will be calculated as a 10 year amortising loan (with capital and interest paid each month) until after 4 years the outstanding capital will be paid off and the loan cleared. Like an early redemption but without admin/penalty charge. Thanks LW Yes
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Post by ladywhitenap on Mar 28, 2019 11:32:44 GMT
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 28, 2019 11:35:05 GMT
To clarify for my little brain please, This will be calculated as a 10 year amortising loan (with capital and interest paid each month) until after 4 years the outstanding capital will be paid off and the loan cleared. Like an early redemption but without admin/penalty charge. Thanks LW Sort of. The amortising profile governs the size of the monthly repayment. A 10yr profile means smaller monthly repayments than a 6yr profile, a slower reduction in the capital repayment and consequently a larger bullet repayment at term ie 4 yrs.
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