SteveT
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Post by SteveT on Jun 8, 2017 7:47:18 GMT
Still doesn't answer the question why after such a considerable investment in time and effort that no deal was reached? This is what I'm seeking to establish from MoneyThing . Why should the borrower be expected to reveal that?
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SteveT
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Post by SteveT on Jun 8, 2017 7:55:58 GMT
On most platforms, we wouldn't even have been told that a potential sale was in the offing.
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sg
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Post by sg on Jun 8, 2017 8:07:20 GMT
On most platforms, we wouldn't even have been told that a potential sale was in the offing. And there, in a nutshell, is the problem with the entire P2P industry. The investment model is great in theory, very bad in practice, with a few honourable exceptions such as MT.
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Post by MoneyThing on Jun 8, 2017 10:45:31 GMT
Morning, They have already got an offer of funding for the development finance once the planning has been approved (likely within 3 months). We are also exploring to see if this is something we might provide, subject to terms & lender appetite. Regards, Ed Morning Ed, welcome back, hope you and your family enjoyed your holiday. What reasons were given for the sale falling through, why did the prospective purchaser walk away? Morning. Not back yet, just stopped swimming for a cerveza. The borrower pulled out after a number of 11th hour renegotions by the buyer which the borrower was not willing to accept. The borrower was reluctant to withdraw after all the effort but is quite happy to revert back to the original plan but is just frustrated by the delay it has caused to their original plans. The are now focused on getting the planning in and start the project. Regards, Ed
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elliotn
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Post by elliotn on Jun 9, 2017 3:47:39 GMT
Hello MoneyThing , and here was me thinking you were safely back at your desk at MT 'Towers' instead and quite rightly you're sipping on a beer. My apology's for disturbing your holiday Best regards, J. He said in his reply preceding your post that he did not want to use foreign wifi to process payments before the office opened.
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p2pmark
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Post by p2pmark on Jun 13, 2017 7:08:04 GMT
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toast
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Post by toast on Jul 23, 2017 20:47:43 GMT
There's a fair chunk of MTAI576-9 on the SM right now. I don't recall seeing much up for sale before today. Any particular reason behind this that I might be missing?
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fogey
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Post by fogey on Jul 23, 2017 23:24:13 GMT
There's a fair chunk of MTAI576-9 on the SM right now. I don't recall seeing much up for sale before today. Any particular reason behind this that I might be missing? The market is sorely afflicted by a widespread malaise, characterised by intense hysteria and paranoia, resulting in waves of senseless selling from which nothing is immune ...
The recently added update information has added to this, in particular the Mersey storage appears to be suffering a major panic attack at the moment ...
There is little logic within this current bedlam so it is rather pointless trying to find any reasons ...
My response is to sell nothing and buy the most attractive loans as and when they appear ... you may even be lucky and find some CSP and wine if they surface again.
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Post by swissbankers on Aug 29, 2017 11:55:53 GMT
Still no sign of the planning application submission on the local government planning application pages, has this been submitted yet?
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ptr120
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Post by ptr120 on Aug 29, 2017 12:04:19 GMT
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Post by MoneyThing on Aug 29, 2017 12:08:20 GMT
Afternoon,
Will have an update on this loan later today (posted on the platform).
Regards,
Ed.
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seeingred
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Post by seeingred on Aug 29, 2017 15:08:08 GMT
The amount for sale is well under 1%.
News of 'an announcement' is enough to scare some people into putting up for sale, even if they have not the faintest inkling whether the news will be +ve or -ve.
So I'd suggest accusations are unwarranted.
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archie
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Post by archie on Aug 29, 2017 15:12:31 GMT
I bought some, that was a bad sign last time.
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SteveT
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Post by SteveT on Aug 29, 2017 15:13:10 GMT
You can understand why most platforms eventually decide that engaging direct with their lenders on this forum causes as many problems as it solves!
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Post by MoneyThing on Aug 29, 2017 15:17:23 GMT
Afternoon, Will have an update on this loan later today (posted on the platform). Regards, Ed. I don't want to accuse without full data on. But there is significant amount of loan parts for sale for this loan and there has been for hours, a lot after your pre-announcement (announceement of an announcement to come). I would be VERY angry to discover that important information has leaked to "selected" customers in advance while you announced it for later..... I have seen it happening already once in MT and I am totally unhappy of this and ready to report the full data to the FCA if necessary. Afternoon hor1997, I suspect the sales are simply as a result of my post above to say there would be an announcement later today (in response to a direct question on here). Perhaps you could have waited until the update before speculating? Regards, Ed
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