Investor
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Post by Investor on Apr 2, 2015 10:09:54 GMT
On the site now, going fast
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Investor
Member of DD Central
Posts: 662
Likes: 590
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Post by Investor on Apr 2, 2015 10:11:04 GMT
and some of the superyacht is available along with some other bits
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Investor
Member of DD Central
Posts: 662
Likes: 590
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Post by Investor on Apr 2, 2015 10:12:26 GMT
75% left of this 280k 41% LTV loan
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SteveT
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Post by SteveT on Apr 2, 2015 10:19:33 GMT
Less than 50% now
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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.
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Post by sqh on Apr 2, 2015 10:31:54 GMT
75% left of this 280k 41% LTV loan Low LTV @ 41%. Probably, because Page 5 of the VR says not suitable for secured lending.
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j
Member of DD Central
Penguins are very misunderstood!
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Post by j on Apr 2, 2015 17:37:42 GMT
75% left of this 280k 41% LTV loan Low LTV @ 41%. Probably, because Page 5 of the VR says not suitable for secured lending. , you've raised a good point. What I cannot understand is how then can an ltv value be given for a site that is obsolete, security-wise. Is that value based simply on possible rental income, which surely can't be that high?
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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.
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Post by sqh on Apr 2, 2015 18:25:38 GMT
Low LTV @ 41%. Probably, because Page 5 of the VR says not suitable for secured lending. , you've raised a good point. What I cannot understand is how then can an ltv value be given for a site that is obsolete, security-wise. Is that value based simply on possible rental income, which surely can't be that high? It seems to be a case of making the figures fit the SS loan criteria. I guess it's the market value that is not acceptable for secured lending. The 90 day valuation is £400k and the loan is £280k. That makes an LTV of 70% which is the SS maximum for property, I think. I think your right about the rental income pushing up the valuation. 3 new 10year leases returning over 100k per annum has distorted the open market valuation. I wonder if SS had that verified?
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mikes1531
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Post by mikes1531 on Apr 2, 2015 19:57:44 GMT
3 new 10year leases returning over 100k per annum has distorted the open market valuation. I wonder if SS had that verified? I sure hope so. AC have got themselves into a real mess with a loan on student accommodation where the borrower has defaulted and there's a question about whether the rental income was as high as the valuer was led to believe it was. The valuer did indicate that it ought to be verified, but it isn't clear whether or not AC actually did that. If the income used for the valuation was too high then the valuation would be too high and so it may not be possible for the receiver to sell the property for enough to cover lenders' capital, accrued interest and fees, and selling costs.
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david42
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Post by david42 on Sept 1, 2015 8:29:43 GMT
PBL030 has been repaid early. The money is back in my account.
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paulgul
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Post by paulgul on Sept 1, 2015 8:33:52 GMT
Don't understand the end date listed on the loans page: "30/11/-0001" - doesn't make much sense
Edit- sorry, that is what is shown on the transactions page
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paulgul
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Post by paulgul on Sept 1, 2015 9:42:58 GMT
Don't understand the end date listed on the loans page: "30/11/-0001" - doesn't make much sense Edit- sorry, that is what is shown on the transactions page Seems to have sorted itself now
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spockie
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Post by spockie on Sept 1, 2015 9:52:49 GMT
PBL030 has been repaid early. The money is back in my account. It isn't back in my account. My account has money missing. Is it showing up on your transactions log?
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Sept 1, 2015 10:16:38 GMT
PBL030 has been repaid early. The money is back in my account. It isn't back in my account. My account has money missing. Is it showing up on your transactions log? Yes, both capital & extra day interest showing in my log & in my account
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SteveT
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Post by SteveT on Sept 1, 2015 10:17:47 GMT
And in mine
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star dust
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Post by star dust on Sept 1, 2015 10:24:52 GMT
PBL030 has been repaid early. The money is back in my account. It isn't back in my account. My account has money missing. Is it showing up on your transactions log? It's not in mine either, only on my repaid loans list  ,I've just emailed them. In Edit: Usual swift response from SS, fixed and now in my account  .
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,I've just emailed them.
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