goofy115
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Post by goofy115 on May 14, 2018 12:04:22 GMT
I have a couple of loans up for sale as I want to repurchase the same inside my new IFISA, and they both got quite a bit closer to the front of the queue, so as already suggested I suspect that a fair amount was reinvested and then immediately put up for sale again May I ask how you can tell what your position is the queue is? Loans>my loans>for sale and one of the headers is queued behind.
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goofy115
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Post by goofy115 on May 6, 2018 11:01:19 GMT
thanks for the above reply - FS wrote so I guess either the warranty bill has not been paid or the building regulations were not actually signed-off ? Not that a developer has ever given FS a load of spiel which they have simply swallowed without validating such claims! I suspect the latter but that is only my instinct but over a month to organise payment for the warranty does not ring true with me unless this developer is really strapped for cash... I will be really glad when this one finally repays and have lost confidence in 90% of FS property loans as they seem totally mismanaged ranging from gross over-valuation through to complete misunderstanding of how the property business works. A further update was posted on Friday: 'We can confirm that payments have made to the warranty company and we expect certificates to be issued on Tuesday. Borrower's solicitor is sending contracts to the buyer next week.' We continue to wait with baited breath.
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goofy115
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Post by goofy115 on May 3, 2018 11:42:57 GMT
You just know what the next stage in this fiasco is going to be once the warranty certificate is in place from the update FS provided on the 20th of February 2018 - 'We understand that they buyer is not cash and there will therefore be a delay before completion'
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goofy115
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Post by goofy115 on Apr 1, 2018 12:34:59 GMT
According to the latest update published yesterday the ‘AOV’ system has now been fitted with the fire and building certificates to follow shortly before the exchange of contracts with the purchaser.
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goofy115
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Post by goofy115 on Mar 9, 2018 20:14:51 GMT
Another update another delay:
"New air vent system has been ordered to comply with fire regulations. This will take about 2 weeks. Borrower has been pushing purchaser to exchange contracts with completion subject to building certificates being issued."
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goofy115
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Post by goofy115 on Feb 8, 2018 15:05:13 GMT
Further update posted today on the funding secure website.
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goofy115
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Post by goofy115 on Feb 6, 2018 21:59:49 GMT
Without wishing to state the bleedin’ obvious does anyone else get the feeling the borrower is spinning this out for as long as he can in the feint hope he sells one of the units and is able to pay the interest and renew? Besides it’s getting to the stage (if not already reached) where the borrower is not going to make any profit from this development with the incurred interest,etc so what would be the point? He may as well default and leave it to FS to take on the costs of recovery and save himself more money.I wonder what are the odds on ‘the development buyer’ (if one really exists) suddenly pulling out due to (enter excuse here).However this one ends I don’t foresee it ending anytime soon but I hope FS prove me wrong.
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goofy115
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Post by goofy115 on Dec 27, 2017 15:01:12 GMT
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goofy115
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SoMo (SM) (formerly BridgeCrowd)
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Oct 5, 2017 16:09:48 GMT
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Post by goofy115 on Oct 5, 2017 16:09:48 GMT
On the iPad you have to use panoramic mode to see your available funds.
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goofy115
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Post by goofy115 on May 27, 2017 8:12:59 GMT
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goofy115
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Post by goofy115 on Mar 30, 2017 10:13:39 GMT
Wow! Someone has invested £300k in this!
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goofy115
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Post by goofy115 on Mar 11, 2017 12:58:57 GMT
Referring back to the figures about the % of investors selling out following the new T&Cs. By their very nature forums like this tend to attract the very savvy folk who weigh up the risks and who quite often have large sums invested - hence the talk and discussions about drawing down or selling out. I'd be very surprised if more than a few hundred people have actually left RS. I always work on the basis of 'could I afford to lose this money or a lot of it if RS goes belly up?' I've read the new T&Cs and frankly don't see a big problem so will continue to keep my money invested. I do think that the amounts going into Rolling are a concern, but that just reflects the lowish rates in the other products - people are waiting for better times, I think. As soon as rates for the 5 year are over 6% again on a regular basis things will normalise. THe main reason I took advantage of the free sell out was because I was thinking of doing this anyhow because I wanted to reduce my exposure to P2P given how volatile the world seems to be at the moment. Basically I managed to save about £1500 in sellout fees. I have been with Ratesetter since 2013 when they were only providing personal loans. Their move into business loans was not something I was very comfortable with. My only substantial P2P holing at the moment is with Zopa which I consider to be the least risky platform. I was lucky enough to park the money into Atom bank for a year at 2% which has FSCS coverage vs 3% in the rolling/1year market on ratesetter. I would say there is more than a 1% risk of there being problems in the P2P sector over the next year. The 2% fixed rate for a year at atom bank is now no longer available due to overwhelming demand.They are now paying 1.8% for a 1 year term.
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goofy115
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Post by goofy115 on Feb 11, 2017 18:55:13 GMT
Just checked my investments and the option to sell is now available.
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goofy115
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MoneyThing (MT) in Administration
MTAI577
Feb 8, 2017 19:29:00 GMT
fp and ali like this
Post by goofy115 on Feb 8, 2017 19:29:00 GMT
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goofy115
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Post by goofy115 on Sept 1, 2015 16:32:01 GMT
Your August returns are lower probably down to not receiving any interest payments for the last three days of the month due to the weekend and bank holiday.Adversley your September interest will be higher due to those last three days of August interest being repaid to you on the 1st of September.
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