averageguy
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Post by averageguy on Oct 19, 2017 11:28:18 GMT
Yes it’s Thursday I had expected something by now given Ed’s post...i’m not necessarily concerned about the stability of the loan ..but given the size of the loan to Moneything and myself i’m a little surprised at the frequency of communication. Given the update last month i’m expecting a partial repayment (how much?)...and an extension..info I need to know to help plan my own portfolio of loans
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averageguy
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Post by averageguy on Oct 20, 2017 10:55:28 GMT
Yes it’s Thursday I had expected something by now given Ed’s post...i’m not necessarily concerned about the stability of the loan ..but given the size of the loan to Moneything and myself i’m a little surprised at the frequency of communication. Given the update last month i’m expecting a partial repayment (how much?)...and an extension..info I need to know to help plan my own portfolio of loans No reply as yet to my email direct to Ed or the update suggested in last weeks communication
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averageguy
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Post by averageguy on Oct 21, 2017 9:49:04 GMT
Morning averageguy, We don't appear to have any outstanding emails regarding MH, so do please forward your email to me directly (ed.pearce@ ), and I will investigate where it might have gone. To answer your question, we should be in a position to provide an update on the platform early next week. Kind regards, Ed Well i hate banging on about this but I did email you as you suggested.....a couple of days ago...but still no reply and no update as mentioned in your post dated October 13th. Frustrating!
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Monetus
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Post by Monetus on Oct 23, 2017 15:50:52 GMT
Agreed. I have a substantial amount invested in this loan and would like to see an update provided ASAP.
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averageguy
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Post by averageguy on Oct 23, 2017 16:57:51 GMT
Well having emailed Ed as he suggested after nothing further was revealed last week, I rang MT lunchtime ..Ed was out but the person I spoke to said they would pass my enquiry on...if nothing transpires by lunchtime tomorrow if I have time i’ll get back on the blower
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bababill
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Post by bababill on Oct 23, 2017 20:37:08 GMT
Updates should only be given when new tranches are issued or monthly if the loan has defaulted. This is the case for many other platforms including but not limited to LendInvest, Proplend, Bridgecrowd etc.
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averageguy
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Post by averageguy on Oct 24, 2017 8:03:13 GMT
Updates should only be given when new tranches are issued or monthly if the loan has defaulted. This is the case for many other platforms including but not limited to LendInvest, Proplend, Bridgecrowd etc. So no updates should be given when its indicated one will be given? Especially when its suggested something is happening which will effect the loan that is one month from expiry etc ...sorry but i can't agree with that assessment
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Post by SophieThing on Oct 24, 2017 9:31:24 GMT
Hi All,
An update has been added for MH. Apologies for the delay, we were waiting for feedback from BPF which came through this morning.
Kind regards
Sophie
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Post by Badly Drawn Stickman on Oct 24, 2017 9:41:32 GMT
Hi All, An update has been added for MH. Apologies for the delay, we were waiting for feedback from BPF which came through this morning. Kind regards Sophie Nice to see a positive update.
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greeb
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Post by greeb on Oct 24, 2017 9:48:52 GMT
good to hear all leases completed and neighbouring site sold/ proceeds received. Seems it will not repay when due though the prospective extension looks reasonable in this case.
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Post by Badly Drawn Stickman on Oct 24, 2017 9:56:00 GMT
good to hear all leases completed and neighbouring site sold/ proceeds received. Seems it will not repay when due though the prospective extension looks reasonable in this case. The extension would presumably be done in such a way that those wanting to exit the loan could, no reason for Moneything to do otherwise I would suggest.
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bababill
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Post by bababill on Oct 24, 2017 10:21:05 GMT
Updates should only be given when new tranches are issued or monthly if the loan has defaulted. This is the case for many other platforms including but not limited to LendInvest, Proplend, Bridgecrowd etc. So no updates should be given when its indicated one will be given? Especially when its suggested something is happening which will effect the loan that is one month from expiry etc ...sorry but i can't agree with that assessment Your 100% correct.. A platform should give an update when they say they will... Why they promise things and not deliver is beyond me. On the other hand- platforms should say they will give monthly reports for only 'default' loans and DFL and stick to that (unless extenuating circumstances). It would stop all this ohhhh Ed/Phil/Liam please please give me an update.
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averageguy
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Post by averageguy on Oct 24, 2017 10:45:46 GMT
So no updates should be given when its indicated one will be given? Especially when its suggested something is happening which will effect the loan that is one month from expiry etc ...sorry but i can't agree with that assessment Your 100% correct.. A platform should give an update when they say they will... Why they promise things and not deliver is beyond me. On the other hand- platforms should say they will give monthly reports for only 'default' loans and DFL and stick to that (unless extenuating circumstances). It would stop all this ohhhh Ed/Phil/Liam please please give me an update. i Thumbsup!
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archie
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Post by archie on Oct 24, 2017 10:48:54 GMT
good to hear all leases completed and neighbouring site sold/ proceeds received. Seems it will not repay when due though the prospective extension looks reasonable in this case. The extension would presumably be done in such a way that those wanting to exit the loan could, no reason for Moneything to do otherwise I would suggest. If you switch off 'Renew' for these loans you will be able to exit on the original date. Broadoak normally offer to buy up any unwanted loan units.
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averageguy
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Post by averageguy on Oct 24, 2017 10:49:23 GMT
Hi All, An update has been added for MH. Apologies for the delay, we were waiting for feedback from BPF which came through this morning. Kind regards Sophie Hello SophieThing, one of a handful of favourite loans for me. Please is the loan still due to repay on time or will be looking at extension period if so please could you/Ed suggest a ball park duration? Please thank the project management team for their considerable input and for using the loan wisely. All the best, James. have a look at the update .. it talks about extending the loan there
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