rocky1
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Post by rocky1 on Jun 16, 2023 4:44:12 GMT
and the timber frames that were there but not there and all the imaginary progress they FS [we have seen sight of] on many loans when they probably had just phoned the borrowers and made up all the BS between them to keep the scams going.
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adrian77
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Post by adrian77 on Jun 16, 2023 8:27:46 GMT
I remember that one - that was a right scam!
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merlin99
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Post by merlin99 on Jun 16, 2023 8:51:23 GMT
I remember that one - that was a right scam! My guess is you are talking about a Whitehaven loan. I visited the site a short while after it was claimed by FS that a lot of material was now delivered there. There was absolutely nothing there and the site appeared to be an utter shambles. When I question an FS director on the subject I never got a reply. Surprise, surprise!!!
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r1200gs
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Post by r1200gs on Jun 16, 2023 9:28:26 GMT
The Whitehaven loan was a clear case of FS lying to us, and they turned out to be blatant lies. They clearly said that they had seen the site. Apparently the site was clear and services in place and just waiting for the timber frame that had been paid for. Nobody from FS ever checked the site or they could not have given that update, and nobody checked to see that a timber frame had been paid for because there was no timber frame. Our borrower must have been absolutely gobsmacked when every time he updated FS on the phone, tens of thousands more appeared in his bank account. Then leave it a few weeks, make another call and boom, more money! FS didn't care, they made money either way.
Whatever the administrators are up to now will not be in our favour, this I predict with some certainty.
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mah
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Post by mah on Jun 18, 2023 10:40:04 GMT
However, the Reading House (RL) takes the crown ! Until then, I never thought that a Real Bricks & Mortar Property could exchange hands without Dcoumentation !
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michaelc
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Post by michaelc on Jun 18, 2023 12:05:51 GMT
However, the Reading House (RL) takes the crown ! Until then, I never thought that a Real Bricks & Mortar Property could exchange hands without Dcoumentation ! And lets not forget the borrower was someone "closely related" to one of the directors. Was it Hacket or the other one?
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mah
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Post by mah on Jun 18, 2023 12:17:07 GMT
I think it was the other one - RL.
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r1200gs
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Post by r1200gs on Jun 19, 2023 12:46:43 GMT
Website back up.
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Post by gaspilot on Jun 19, 2023 13:58:49 GMT
The Barnoldswick loan is showing as being fully repaid (without interest) in my investment history. However, the money is not in my available funds or current investments. I realise the issue needs resolving and ASAP please, but I would have thought that this loan would have been put back into the current investments section. Realistically, does anyone know how long will it take to sort this issue out?
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c88dnf
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Post by c88dnf on Jun 19, 2023 15:51:45 GMT
The Barnoldswick loan is showing as being fully repaid (without interest) in my investment history. However, the money is not in my available funds or current investments. I realise the issue needs resolving and ASAP please, but I would have thought that this loan would have been put back into the current investments section. Realistically, does anyone know how long will it take to sort this issue out? Curiously, my detailed list of "account information" is showing both full capital return (a whopping £25...) and an extra payment of roughly 23% on top, but not labelled as interest or anything else. Surplus return as per the accounts or what? While I'm in thinking mode, is the tab under "my investments" labelled "Funds pending Quistclose" believed to contain accurate information? Mine shows no affected "investments", which seems too good to be true!
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upland
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Post by upland on Jun 19, 2023 16:41:51 GMT
I had more cash on my account before these changes that they have made. I seem to have a bit less now.
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drgonzo
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Post by drgonzo on Jun 19, 2023 16:51:46 GMT
Hmmm... my "Available Funds" are now over 60% lower than they were before they took the website down! "Held Pending Issue: loan 8010286828" so that's the 1st Charge Barnoldswick loan.
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Post by overthehill on Jun 19, 2023 17:04:09 GMT
They've frozen the funds (capital + interest) for barno* 1st charge. Don't know what the payout was if any for the 2nd charge.
I assume the issue is about another 2 loans for 64k in total for the same town and there is someone claiming the securities are linked somehow.
None of the account information has been reversed correctly yet and maybe never will (more manual tracking)
There could also be other loans with disgruntled claimants trying to salvage something given the administration history, until the money is in your account...
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Post by tedbob on Jun 19, 2023 18:16:44 GMT
I had more cash on my account before these changes that they have made. I seem to have a bit less now. Same for me. About 60% of what I had a few weeks ago...
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upland
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Post by upland on Jun 19, 2023 18:26:43 GMT
I had more cash on my account before these changes that they have made. I seem to have a bit less now. Same for me. About 60% of what I had a few weeks ago... I am about 70% of what I had a few weeks ago.
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