I've not gone as far as writing off these loans - there is some asset security here (and on some of the loans only 50% LTV). Hopefully during the silence MoneyThing have taken posession of the security and have confirmed the valuations.
These loans were suspended on 25 April. Some have been in arrears since 28 March. On delving a little further I discover from CH that a notice of Cessation of D***d L**n*rd Fr**tt as a person with significant control was posted on 1 March 2019.
MoneyThingSophieThing we've waited long enough for discussions with the borrower and an update is now well overdue. While I understand that that a resolution might still take longer, confirmation that out highly mobile security is secure would be appreciated.
Notification today from CH of a termination of the appointment of DFL as a director. MoneyThingSophieThing care to comment on this and the progress of your discussions with the borrower and now former director?
Hi MoneyThingSophieThing how did the visit to the borrower last week go? Is our security 'secure'? What should we make of the CH update I mentioned in my last post, particularly with regards to the PG on these loans?