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 9, 2016 21:37:20 GMT
In principle OK but I don't have an account with Barclays so I don't know if a BACS would work on a Sunday. I could send from First Direct, Santander, Natwest, Nationwide or TSB (OK I admit it, I am a rate tart.) Faster payments work 24/7 generally unless the bank are faffing about so any of those should be fine See your measly 5 banks and raise you 5 (no santander or natwest, add BOS, Halifax, Coop, Yorkshire, Lloyds, Tesco, HSBC Rate switching bonus w****e me
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jonah
Member of DD Central
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Post by jonah on Sept 10, 2016 7:44:12 GMT
£100 or 150 to switch a current account, then a 6% Fscs backed regular saver. That's why I use them anyway. there's only so many times you can switch a current account. OTH I've had their regular saver for YEARS ..... but I don't think you want to do a withdrawl from it :-) I meant being paid to switch to fd which I did. I've never switched away from them. I agree with the usefulness of their regular saver, I'm only on my third with them but I'm sure other people will have used for many more than that. In terms of limits of moving current accounts, yes there are limits. I would guess you can probably make around 1k tax free if you pick up all the options out there. The trick is to realise that you can have more than current account! Personally I've never switched just for a switching bonus, but a switching bonus plus a good regular saver for example and I've probably done it!
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Post by bracknellboy on Sept 10, 2016 7:53:14 GMT
I moved to FD shortly after they launched (which I have just discovered was 1989......), though not sure exactly when. Have never felt the slightest inclined to move away from them (for my main current account), and suspect I never will. Admittedly their initial advantage has somewhat deteriorated with the general move to online accounts, but their customer service remains top notch. One bank that I've never felt the need to 'knock'.
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Sept 10, 2016 8:14:38 GMT
I moved to FD shortly after they launched (which I have just discovered was 1989......), though not sure exactly when. Have never felt the slightest inclined to move away from them (for my main current account), and suspect I never will. Admittedly their initial advantage has somewhat deteriorated with the general move to online accounts, but their customer service remains top notch. One bank that I've never felt the need to 'knock'. My experience is exactly the same. I joined FD in 1992 for the convenience of telephone banking as none of the branch based banks offered this facility. All my other accounts were rate tart motivated. I admire ilmoro 's 10 accounts. I started to flag after 5.
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spyrogyra
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Post by spyrogyra on Sept 10, 2016 8:32:00 GMT
When you say they are experienced, can you name some of their successful/already finished projects? Ed, my question from last night was buried under discussion about the benefits of First direct acc. Could you please answer this question as it would be detrimental to the amount I will pledge on this loan? If you prefer, you can answer through a private message.
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Post by MoneyThing on Sept 10, 2016 8:45:57 GMT
When you say they are experienced, can you name some of their successful/already finished projects? Ed, my question from last night was buried under discussion about the benefits of First direct acc. Could you please answer this question as it would be detrimental to the amount I will pledge on this loan? If you prefer, you can answer through a private message. Morning. Thank you for digging out your question as I did miss it. I will revert back here later today once I have spoken with the borrower to confirm he is happy for me to disclose this information. Regards, Ed.
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stokeloans
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Post by stokeloans on Sept 10, 2016 10:08:25 GMT
Looks like this build was started a good while ago judging by the amount of weeds growing thru the concrete
Just reading the valuation report.It was started in 2006 and the previous developer went bust
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jamesc
Member of DD Central
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Post by jamesc on Sept 10, 2016 10:12:05 GMT
£100 or 150 to switch a current account, then a 6% Fscs backed regular saver. That's why I use them anyway. there's only so many times you can switch a current account. OTH I've had their regular saver for YEARS ..... but I don't think you want to do a withdrawl from it :-) Yes yhat the whole point [redacted] its an offer that's a long way from a completed contract
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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
Posts: 10,840
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Post by ilmoro on Sept 10, 2016 11:19:06 GMT
Looks like this build was started a good while ago judging by the amount of weeds growing thru the concrete Just reading the valuation report.It was started in 2006 and the previous developer went bust Previous developer went bust in 2011, land was sold by administrator in Aug 2015 (does appear to be discrepancy between VR and administrators report sale is later & price lower, £400k, than VR reports -not checked LR - issue with sale that took time to resolve) so has probably been untouched for 5 years. A few weeds isnt bad
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Post by trentenders on Sept 10, 2016 12:06:55 GMT
Looks like this build was started a good while ago judging by the amount of weeds growing thru the concrete Just reading the valuation report.It was started in 2006 and the previous developer went bust Previous developer went bust in 2011, land was sold by administrator in Aug 2015 (does appear to be discrepancy between VR and administrators report sale is later & price lower, £400k, than VR reports -not checked LR - issue with sale that took time to resolve) so has probably been untouched for 5 years. A few weeds isnt bad I queried this with MT last night also, who confirmed that it was definitely £600k that was paid for this site (and not £400k for this one, plus c.£200k relating to another two sites - taken from liquidators report). MT also confirmed that this borrower was in no way connected to the previous developer.
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stevio
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Post by stevio on Sept 10, 2016 12:47:04 GMT
MoneyThing there are several (10+) MTA loans, some even on cars, are these all related to same borrower?
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SteveT
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Post by SteveT on Sept 10, 2016 12:51:24 GMT
MoneyThing there are several (10+) MTA loans, some even on cars, are these all related to same borrower? No, those borrower IDs are 4 letters long (MTAE, MTAF, MTAH, etc.)
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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
Posts: 10,840
Likes: 11,068
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Post by ilmoro on Sept 10, 2016 13:48:15 GMT
Previous developer went bust in 2011, land was sold by administrato in Aug 2015 (does appear to be discrepancy between VR and administrators report sale is later & price lower, £400k, than VR reports -not checked LR - issue with sale that took time to resolve) so has probably been untouched for 5 years. A few weeds isnt bad I queried this with MT last night also, who confirmed that it was definitely £600k that was paid for this site (and not £400k for this one, plus c.£200k relating to another two sites - taken from liquidators report). MT also confirmed that this borrower was in no way connected to the previous developer. Odd, the admin report is fairly clear with the timeframe, reason for delay consistent though each report. There are some other bits that seem to tie at CH. It was an anomaly that caught my eye but probably not that important as security itself seems solid. Biggest issue is potential borrower overstretch, many figures in many expensive pies ISTM. Will jiggle my exposure across their portfolios rather than increase much I think
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Sept 10, 2016 17:21:28 GMT
I am just a simple lol. If the site is worth £1m why did the administrators sell it for £600,000? OK that was in 2013 [edit or 2015?], so has it increased in value by 67% in 3 years? [edit: or in one year?]
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Post by MoneyThing on Sept 11, 2016 8:17:49 GMT
When you say they are experienced, can you name some of their successful/already finished projects? Ed, my question from last night was buried under discussion about the benefits of First direct acc. Could you please answer this question as it would be detrimental to the amount I will pledge on this loan? If you prefer, you can answer through a private message. Morning. As promised, the borrowing entity is a residential developer based in the North West and has delivered several projects in the region: - 15 apartments in South Yorkshire. - 27 houses in Trawden (had been a derelict site which was completed to the highest of standards). - 9 x 3 bed houses in Little Toms, Burnley. - More recently, developed 14 x 4 bed houses in Barrowford which has now been fully complete and sold to the owner occupier market. - Warrington is their next project. Kind regards, Ed
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