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Post by spareapennyor2 on May 17, 2019 15:24:05 GMT
FS loan / update on site offer part payment
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Forward
Member of DD Central
Posts: 127
Likes: 59
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Post by Forward on May 30, 2019 8:18:05 GMT
Update on site
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Post by spareapennyor2 on Jun 11, 2019 12:57:02 GMT
update on site
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Post by GSV3MIaC on Jun 18, 2019 10:56:43 GMT
Update on site. Another one bites the dust ... 8< .
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Post by flobberchops on Jun 20, 2019 16:35:09 GMT
Haven't you heard? 0% is the new 12%.
Sorry, was that very cynical of me.
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justme
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Post by justme on Sept 5, 2019 20:25:05 GMT
Any news on this one ? It has been a while since administrators were appointed. Re bankruptcy under PG for other loans reported today - I do not see updates as negative - it was clear whatever will be recovered will happen through sale of projects ; since borrowers were not dealing with projects anymore I was not concerned with them pr even hoping we could get anything from those borrowers. I would be pleasantly surprised if we do but I am rather pleased that there are no disasters with the projects and looks like they are progressing. Still no report on NuL
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upperdeane
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Post by upperdeane on Sept 12, 2019 12:29:11 GMT
Property for sale on Rightmove by BPK Estate Agents Carlisle:
<asset ID removed>
Seems it is listed currently at £215k which will may just cover loan principal if sold for near that figure. I suspect this will be loss making loan for us when eventually sold and all other costs are deducted. Clearly the initial valuation was way off.
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sj
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Post by sj on Sept 16, 2019 15:36:54 GMT
Sorry this has happened, but I think it was always very clear that the original valuation was (as usual) way higher than it should have been. Even the reduced asking price is still too much, given comparable properties in the area and what else you can get for the same kind of money.
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upperdeane
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Post by upperdeane on Oct 2, 2019 13:26:44 GMT
Still for sale on BPK Estate Agents Carlisle website for £215k. Clearly they are not really interested in selling it as i've asked questions twice via email and webform and nobody ever replies. Maybe better to sell this at auction and take the hit for this overvalued property. I've also asked MT for an update via email.
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upperdeane
Member of DD Central
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Post by upperdeane on Oct 4, 2019 20:25:53 GMT
Update on MT platform
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upperdeane
Member of DD Central
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Likes: 245
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Post by upperdeane on Nov 11, 2019 18:23:50 GMT
Still up for sale at £215k (i've put link on DD central). The adjoining part of the original pub property seems to be now now up for sale with a different agent at £175k (i've put link on DD central) - this property also includes a plot of land for a 5 bed house.
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upperdeane
Member of DD Central
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Post by upperdeane on Dec 4, 2019 18:17:11 GMT
I notice both properties (this one and next door semi) are now both for sale by the same agent. Price of this one reduced again. The agent on this one has changed to match the other semi (i've put link on DD central)
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Post by Ace on Jan 16, 2020 13:07:35 GMT
Update on site.
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Post by spareapennyor2 on Oct 15, 2020 14:45:17 GMT
Company House 15/10/20 satisfied charges MT x2 plus FS
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upperdeane
Member of DD Central
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Post by upperdeane on Oct 15, 2020 15:57:36 GMT
Company House 15/10/20 satisfied charges MT x2 plus FS Yes i saw that also, maybe sale finally completed. Awaiting news of inevitable haircut as i suspect the accepted price was less than owed to MT.
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