am
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Post by am on Mar 22, 2017 18:46:17 GMT
# 34565 @ 11% LTV 80%
This is a refinance of a 10% A loan - looking at the original report I can see why I wasn't in the loan - it was at 85% LTV.
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Post by GSV3MIaC on Mar 22, 2017 20:56:06 GMT
So did the loan go down, or did the value of the security go up (to get from 85% to 80%), or did the dice just land on a crack??
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metoo
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Post by metoo on Mar 22, 2017 22:05:11 GMT
So did the loan go down, or did the value of the security go up (to get from 85% to 80%), or did the dice just land on a crack?? Borrower injected £100k, reducing the loan size by £45k, taking into account the extra interest.
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happy
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Post by happy on Mar 23, 2017 7:11:15 GMT
IMHO "Wind", "sailing" and "close to" spring to mind on this and anything else near 80%LTV, Not for me I'm afraid as it doesn't take much of another project overrun and a drawn-out forced sale to see capital risk. If is was a longer term it might be worth holding until payment -2 is due but doesn't seem worth the potential anxiety of hoping they will sell come the time, particularly if the likely Brexit Hardball pantomime spooks the markets.
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