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Post by multiaccountmanager on Nov 3, 2021 15:15:45 GMT
I see on the Plymouth planning site that this loan has received planning for only 8 houses.
On another P2P site with 2nd charge it is suggested the senior creditor (CP) may not receive full repayment.
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Post by overthehill on Nov 3, 2021 16:59:21 GMT
I see on the Plymouth planning site that this loan has received planning for only 8 houses. On another P2P site with 2nd charge it is suggested the senior creditor (CP) may not receive full repayment. Presuming lenders must be getting frequent updates, it is 2nd oldest non-repaid loan on the platform.
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rocky1
Member of DD Central
Posts: 1,120 
Likes: 1,940
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Post by rocky1 on Nov 3, 2021 17:44:56 GMT
not in this one.fingers had to be very fast back then but i have got three others from around that time and early 2019 that are still unpaid with the latest updates a couple of months ago talking about receivers either on standby or about to be instructed so sooner or later we will see how good this shield is.and how the RICs valuations hold out.hopefully no more can kicking and get rid as cant have much more of this lenders are not creditors but we have first charge over the secured lending,quistclose,and berckleys applegates,and all the rest of it.p2p secured lending with first charge seems to leave us down the list when a platform eventually decide to take recovery action on late/defaulted loans.
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