dApps
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Post by dApps on Jan 10, 2019 17:59:16 GMT
The likely sale value being lower if the TFL sale is lost I think is fairly significant. Oh, indeed. Nobody's saying it's a good thing. But to draw parallels with the Ly London situation? No, just utterly ridiculous scaremongering and panicking. dApps - which Ly loan were you thinking of? Save me looking back... PM'd you. It it the Macbeth of loans. The loan that shall not be named in this theatre.
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adrianc
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Post by adrianc on Jan 10, 2019 18:03:36 GMT
Oh, indeed. Nobody's saying it's a good thing. But to draw parallels with the Ly London situation? No, just utterly ridiculous scaremongering and panicking. dApps - which Ly loan were you thinking of? Save me looking back... PM'd you. It it the Macbeth of loans. The loan that shall not be named in this theatre. Ah, you were meaning the London loan...
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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 Jan 10, 2019 18:08:33 GMT
PM'd you. It it the Macbeth of loans. The loan that shall not be named in this theatre. Ah, you were meaning the London loan... Other one actually but several borrowers have sought to challenge appointments DFL004, DFL012 & possibly others.
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ptr120
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Post by ptr120 on Jan 10, 2019 21:03:35 GMT
Did anyone receive an email about this or just read about it on the site? I'd have thought this warranted a 'significant update' email for those that don't log on regularly.
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Post by Badly Drawn Stickman on Jan 10, 2019 22:35:31 GMT
Did anyone receive an email about this or just read about it on the site? I'd have thought this warranted a 'significant update' email for those that don't log on regularly. Moneything do have a lot of 'previous' at not sending emails on these occasions, so that is probably their policy on the matter. Considering the loan was already defaulted it probably wasn't considered urgent. I have been reacquainting myself with the history, and given it is supposed to be a compulsory purchase can only assume the borrower thinks a better price could be squeezed out by delaying and is not happy to lose that position. If that is the case, that probably forms the basis of the wish for an injunction. This may of course be nowhere near the reality. What I am sure about is I wont be letting it 'bother me' much.
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cedarcourtcapital
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Listening is not the same as understanding
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Post by cedarcourtcapital on Jan 10, 2019 23:14:08 GMT
Did anyone receive an email about this or just read about it on the site? I'd have thought this warranted a 'significant update' email for those that don't log on regularly. Just to put the opposite opinion, I agree with MT's thinking that as this loan had already defaulted, so no-one could do anything with any information, there was no need for any 'significant updated Email.
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7d7
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Post by 7d7 on Jan 11, 2019 5:09:28 GMT
When lenders sign up with a P2P platform, they are compelled to adhere to the platform’s terms and conditions to prevent them from conducting any unilateral or collective action against surveyors, borrowers or the platform itself when a loan defaults. In the same vein, are borrowers not required to enter into any agreements with platforms that cover surrendering the security as well as prohibiting legal action upon failure to settle interest or capital owed promptly? MoneyThing , would you care to comment? On balance, it seems borrowers have the upper hand in the industry at present.
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registerme
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Post by registerme on Jan 11, 2019 8:49:56 GMT
Property development is down to 7.5% of my P2P portfolio from about 40% at its height. Of that 55% is in AC's PSIA account (being wound down), the remaining 45% is taken up by defaults on Lendy, MT and ThinCats*. I sold out of this loan back in October 2018 when I reread the blurb on MT's website and focused on the word "may" in the context of the proposed compulsory purchase order.
EDIT: * and a few hundred quid stuck on Collateral
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corto
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one-syllabistic
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Post by corto on Jan 22, 2019 17:28:43 GMT
News on the MT pages
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averageguy
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Post by averageguy on Feb 28, 2019 22:25:30 GMT
MT ..its been about five weeks since the last update....any further news re the sale/claim by borrower?
Thanks
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Post by spareapennyor2 on Mar 1, 2019 14:22:37 GMT
update on site end of month expected exchange
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averageguy
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Post by averageguy on Mar 1, 2019 21:19:46 GMT
MT ..its been about five weeks since the last update....any further news re the sale/claim by borrower? Thanks Thanks MT
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TitoPuente
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Post by TitoPuente on Mar 24, 2019 11:30:40 GMT
MoneyThing, we are about to start the last week of the month. It would be good to have an update on the progress towards exchange and completion, if at all possible.
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Post by mrclondon on Mar 25, 2019 15:24:59 GMT
A LR alert a short time ago could mean the purchase is getting close .... search lodged against the title by solicitors on behalf of TFL "To protect a pending: Purchase"
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ptr120
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Post by ptr120 on Apr 1, 2019 19:50:34 GMT
Update now on site
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