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Post by wengyeeRelendex on Jan 18, 2017 9:20:13 GMT
Good morning all, We have a new loan available on our platform paying 10.5% for 12 months at 69% LTV. Hope it will be of interest to all of you. trading.relendex.com/marketplaceAny questions please feel free to ask. *And of course the disclaimer that funds lent through Relendex are loans not deposits and capital is at risk*Regards, WengYee
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Post by wengyeeRelendex on Jan 18, 2017 11:13:21 GMT
Hi Ian,
I can only apologise for this lack of communication on our part. It is definitely something we will strive to improve on.
With regards to the loan in question, our legal advisers are protecting lenders by insisting on outstanding points being resolved. We hold the entire loan amount in the Client Bank Account until all conditions have been satisfied. We continue to work with the borrower to resolve outstanding matters. As you already know, the borrower is committed to paying interest with effect from 28th December (a formal email regarding this will be sent out shortly).
I will keep you updated on the drawdown date.
Regards, WengYee
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Post by wengyeeRelendex on Jan 23, 2017 11:33:16 GMT
Just to let everyone know if you haven't seen it on our website already, there is a cashback incentive running on the current Greater Manchester Bridging Loan. All bids received before 18.00 tomorrow 24th January 2017 will receive 0.5% cashback at close of auction. Loan is 83.18% filled so proving to be a popular one . trading.relendex.com/marketplaceRegards, WengYee
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Post by wengyeeRelendex on Feb 22, 2017 12:33:27 GMT
Good day forumnites, We have just listed a new loan for a Liverpool Mixed Use property 8.5% for 24 months at 52% LTV. ( trading.relendex.com/marketplace) As always any questions do ask. *Usual disclaimer: Funds lent through Relendex are loans not deposits and capital is at risk* Regards, WengYee P.S: We also have new pages up with more details on both Completed Auctions and Coming Soon auctions if anyone wants to have a nosy round.
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shimself
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Post by shimself on Feb 22, 2017 17:33:24 GMT
We have just listed a new loan for a Liverpool Mixed Use property 8.5% for 24 months at 52% LTV. ( trading.relendex.com/marketplace) ... P.S: We also have new pages up with more details on both Completed Auctions and Coming Soon auctions if anyone wants to have a nosy round. Is it possible to read the valuation documents please (I'm probably blind)
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shimself
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Post by shimself on Feb 22, 2017 17:43:11 GMT
Alos is there a Q&A somewhere on the site please, I'm sure there used to be
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Post by wengyeeRelendex on Feb 23, 2017 9:41:45 GMT
Morning shimself , Regarding the valuation report, the valuer has confirmed to Relendex that the present value has been unchanged from previous valuation carried out by him for a different Lender some time ago. His formal report addressed to us is expected next week. A formal Valuation Report addressed to the Lender group (via Relendex) confirming the valuation figure is a condition precedent before loan completion and any drawdown. As for our Q&A page, it's been renamed FAQ so maybe that's why you missed it? relendex.com/faqRegards, WengYee
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shimself
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Post by shimself on Feb 23, 2017 9:47:07 GMT
Morning shimself , Regarding the valuation report, the valuer has confirmed to Relendex that the present value has been unchanged from previous valuation carried out by him for a different Lender some time ago. His formal report addressed to us is expected next week. A formal Valuation Report addressed to the Lender group (via Relendex) confirming the valuation figure is a condition precedent before loan completion and any drawdown. As for our Q&A page, it's been renamed FAQ so maybe that's why you missed it? relendex.com/faqRegards, WengYee I would have to read the valuation before investing, if only to look at the range of valuations (90 day for example) Q&A is where potential investors can ask questions about a particular loan; it is really important for me, so I can benefit from other peoples' expertise and vice versa (for example it is how I learned about valuation assumptions). Using this site to ask questions is definitely second best, having a Q&A onsite is important, and I am pretty sure you used to have one.
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Post by wengyeeRelendex on Feb 23, 2017 13:54:17 GMT
I would have to read the valuation before investing, if only to look at the range of valuations (90 day for example) Q&A is where potential investors can ask questions about a particular loan; it is really important for me, so I can benefit from other peoples' expertise and vice versa (for example it is how I learned about valuation assumptions). Using this site to ask questions is definitely second best, having a Q&A onsite is important, and I am pretty sure you used to have one. Yes I understand needing to read the valuation. I've asked internally whether we can provide you with the 90-day valuation. Hmm as far as I know (for the short 5 months I've been here), that we don't have a Q&A available for each loan. But I will definitely keep it in mind as a website improvement! Regards, WengYee
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shimself
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Post by shimself on Feb 23, 2017 15:14:07 GMT
I would have to read the valuation before investing, if only to look at the range of valuations (90 day for example) Q&A is where potential investors can ask questions about a particular loan; it is really important for me, so I can benefit from other peoples' expertise and vice versa (for example it is how I learned about valuation assumptions). Using this site to ask questions is definitely second best, having a Q&A onsite is important, and I am pretty sure you used to have one. Yes I understand needing to read the valuation. I've asked internally whether we can provide you with the 90-day valuation. Hmm as far as I know (for the short 5 months I've been here), that we don't have a Q&A available for each loan. But I will definitely keep it in mind as a website improvement! Regards, WengYee Look at Assetz for an excellent example (or REBS or FK or TC ....)
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Post by wengyeeRelendex on Feb 23, 2017 17:16:08 GMT
Another loan auction now live. Yesterday's loan is 98.9% filled so still a tiny bit left if anyone fancies a bite. Up in Scotland this time. Interest at 8.25%, 23% LTV for 12 months. trading.relendex.com/ *Capital at risk, loan not deposit etc etc etc.* Regards, WengYee *There is a 0.5% cashback incentive running for all bids submitted before 18:00 28 February 2017
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shimself
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Post by shimself on Feb 23, 2017 17:23:11 GMT
Another loan auction now live. Yesterday's loan is 98.9% filled so still a tiny bit left if anyone fancies a bite. Up in Scotland this time. Interest at 8.25%, 23% LTV for 12 months. trading.relendex.com/ *Capital at risk, loan not deposit etc etc etc.* Regards, WengYee *There is a 0.5% cashback incentive running for all bids submitted before 18:00 28 February 2017 same question, valuation documents please?
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Post by wengyeeRelendex on Feb 24, 2017 10:58:12 GMT
Hi shimself, I believe Michael has tried to call you. Let me know if there's a better time for you to speak. Regards, WengYee
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shimself
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Post by shimself on Feb 24, 2017 17:31:38 GMT
Hi shimself , I believe Michael has tried to call you. Let me know if there's a better time for you to speak. Regards, WengYee We managed to swap emails and actually I am happy to invest in Dundee. Except I cannot see what to do to transfer money to you (and my status is pending so maybe I can't)
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Post by wengyeeRelendex on Feb 27, 2017 9:33:22 GMT
Morning shimself, Glad to hear that the Dundee loan is of interest. I will get one of the team to contact you about getting your account Approved. Thank you, WengYee
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