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Post by mrclondon on Nov 29, 2018 19:32:56 GMT
This is another project I don't think there has been a historical thread for. The original Nov 2016 loan increased by £15k at its 2nd renewal in Dec 2017, and 7720841075 will be due for its 4th renewal in Jan 2019.
There appears to be a retrospective planning application that affects either a small part of the land on which this loan is secured, or an adjacent plot under the same ownership. There are two objections filed in September 2018 that make for "interesting" reading, and a location plan that correlates to some degree with that on pg 12 of our VR.
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Post by mrclondon on Jan 29, 2019 12:29:18 GMT
The planning application I refered to above has today been refused, and six months given to vacate and demolish. Details are in the 'Officer report' attached to the planning application. This doesn't particularly impact on the loan as far as I can tell, however it must make it harder for these borrowers to secure refinance.
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,426 
Likes: 1,211
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Post by sqh on Oct 25, 2019 22:22:46 GMT
Property finally listed for sale. See DD for details. This is heading for a good result, and is an exemplary case of P2P lending.
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Post by mrclondon on Nov 12, 2019 16:26:50 GMT
Loan haas been defaulted on the website
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iRobot
Member of DD Central
Posts: 1,657
Likes: 2,450
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Post by iRobot on Oct 29, 2021 17:34:37 GMT
29/10/2021 - As previously stated, possession action is ongoing. A hearing date was due to be heard on 5 October 2021; however, the borrowers are undertaking a sale of the property, which is understood to be at a relatively advanced stage. As a result, the case has been continued to allow for completion, and will be reheard at the first available date, following a period of six weeks.
Loan amount £165k; accrued lenders' interest c. £65k
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Post by overthehill on Dec 1, 2021 11:27:15 GMT
redeemed in full.
Doesn't have its usual meaning and ending though as it's just more of OUR money in the pot for the vultures to fight over and skim.
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