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Post by defaultinator5000 on Nov 15, 2019 13:58:13 GMT
What's wrong with that - it is only 80%! Good job experienced property professional experts were handling this one! Looks to me as if 40 million smackers could easily be lost here - how on earth can anybody invest in property with a LTV of 70% max (in theory) and manage to do this! It if were not too early I would pour myself a very stiff drink... Weird, I thought capital lost through defaults was only 0.6%, at least that's what their website said.
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Post by frankiii on Nov 16, 2019 23:53:33 GMT
Weird, I thought capital lost through defaults was only 0.6%, at least that's what their website said. That's because they never defaulted the loans but perpetually kept chasing them. I noticed this some time ago and raised it with them, obviously to no avail. TL;DR: They're massaging the data to get the statistics they way.
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jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,739
Likes: 3,134
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Post by jonno on Nov 17, 2019 12:48:06 GMT
Weird, I thought capital lost through defaults was only 0.6%, at least that's what their website said. That's because they never defaulted the loans but perpetually kept chasing them. I noticed this some time ago and raised it with them, obviously to no avail. TL;DR: They're massaging the data to get the statistics they way. Tell you what frankiii ; not much gets past you does it?
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iRobot
Member of DD Central
Posts: 1,652
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Post by iRobot on Nov 19, 2020 17:28:07 GMT
Frome, Somerset - Renewal (1139698830) redeemed today:
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cwah
Member of DD Central
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Post by cwah on Nov 20, 2020 5:45:32 GMT
What does CG fees mesns?
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Post by overthehill on Nov 20, 2020 9:32:31 GMT
CG&Co are the FS administrators.
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iRobot
Member of DD Central
Posts: 1,652
Likes: 2,440
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Post by iRobot on Oct 29, 2021 16:52:03 GMT
Property Loan - C******y Road, R*****l - Renewal & Increase (1687832305)
29/10/2021 - Receivers were appointed on 17 August 2021. Agents have provided a sales marketing price of £125,000; however, there are potential issues surrounding an agricultural lease, which is being reviewed by the Receivers and solicitors, before the property is marketed for sale.
Loan amount £117.5k; accrued lenders' interest: £52k
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