rogerthat
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Post by rogerthat on Apr 10, 2018 16:05:07 GMT
Cant find existing thread blah blah
Renewal of (1601749598) with 2171212415
11am 11/04/18
£90K @ 13%..LTV 66.6%
No restrictions
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james21
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Post by james21 on Apr 10, 2018 16:47:29 GMT
Its a second; no thank you
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rogerthat
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Post by rogerthat on Apr 11, 2018 9:52:58 GMT
Its a second; no thank you Understand your point generally..but I reckon this is as safe as the Titanic..  with 1st & 2nd charges totalling £253K I cant believe a semi in good condition (as this is) in Red**ll wouldn't cover that. Furthermore, according to the VR, a tenant is in situ on an AST..so unless he/she has already had notice to quit, the loan looks likely to go the distance..another term anyway.
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Jeepers
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Post by Jeepers on Apr 11, 2018 10:00:09 GMT
Its a second; no thank you Second renewal or second legal charge? Either way I'm out!
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rogerthat
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Post by rogerthat on Apr 11, 2018 10:02:25 GMT
Its a second; no thank you Second renewal or second legal charge? Either way I'm out! I'm in...ISA too...and the way that disappeared id suggest others agreed...av it 
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Post by routlep on Apr 11, 2018 13:04:52 GMT
I'm also surprised this went so quickly but good point Rogerthat about the sitting tenant meaning the renewal should be safe
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rogerthat
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Post by rogerthat on Apr 11, 2018 13:22:29 GMT
I'm also surprised this went so quickly but good point Rogerthat about the sitting tenant meaning the renewal should be safe Just looked on the 1st EA's I came across...Z**pla and they place an est value on this exact property @ £361K
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Liz
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Post by Liz on Apr 11, 2018 13:28:42 GMT
I'm also surprised this went so quickly but good point Rogerthat about the sitting tenant meaning the renewal should be safe Just looked on the 1st EA's I came across...Z**pla and they place an est value on this exact property @ £361K I'm sure this is a good loan. But I would rather take a 1st at a slightly higher LTV.
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Imothep
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Post by Imothep on Apr 16, 2018 2:17:09 GMT
I'm also surprised this went so quickly but good point Rogerthat about the sitting tenant meaning the renewal should be safe Just looked on the 1st EA's I came across...Z**pla and they place an est value on this exact property @ £361K Z***la is absolutely terrible on values though ....
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rogerthat
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Post by rogerthat on Apr 16, 2018 8:02:38 GMT
Just looked on the 1st EA's I came across...Z**pla and they place an est value on this exact property @ £361K Z***la is absolutely terrible on values though .... Terrible..?...in what way ..overpriced ?
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Imothep
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Post by Imothep on Apr 16, 2018 11:43:01 GMT
Sorry I wasn’t clear , Its wildly inaccurate on values it gives ... high and low , I most definatley wouldn’t give to much weight to it on DD
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adrian77
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Post by adrian77 on Dec 26, 2018 10:41:01 GMT
Well here is yet another late property loan
However FS have stated
Well this is the sort of action I like to see so I hope this one is enforced as stated- just updated my digital diary...
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r1200gs
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Post by r1200gs on Dec 26, 2018 11:32:55 GMT
The dreaded second charge though.
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Post by mrclondon on Jan 21, 2019 21:41:00 GMT
About to be renewed (18:00 Tue 22nd), albeit 3 months late. Previous 2 renewals were 1.5 and 2.5 months late.
fundingsecure - given the VR is now over 2 years old, is there any chance you could supplement it with a "realtime valuation" to provide a sense check ?
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Post by mrclondon on Jan 22, 2019 16:34:26 GMT
About to be renewed (18:00 Tue 22nd), albeit 3 months late. Previous 2 renewals were 1.5 and 2.5 months late.
fundingsecure - given the VR is now over 2 years old, is there any chance you could supplement it with a "realtime valuation" to provide a sense check ?
(The realtime valuation printout has been attached to the files tab)
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with 1st & 2nd charges totalling £253K I cant believe a semi in good condition (as this is) in Red**ll wouldn't cover that. Furthermore, according to the VR, a tenant is in situ on an AST..so unless he/she has already had notice to quit, the loan looks likely to go the distance..another term anyway. 
