morris
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Post by morris on Mar 18, 2024 12:35:47 GMT
Beat me to it.
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morris
Member of DD Central
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Likes: 149
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Post by morris on Feb 9, 2024 12:40:02 GMT
I decided to withdraw money from my ISA as it became available last year as it wasn't worth the hassle of doing transfers. However as we approach the end of the tax year it has mounted up and I would like to pay it back in and do a transfer. Does anyone know if I can still do this, and how do I pay money in?
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morris
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Post by morris on Jan 31, 2024 18:50:11 GMT
It is a rip off for ISA holders. Mind you Kuflink charges £30 I believe for an ISA transfer out, and they are not in run down.
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morris
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Post by morris on Jan 22, 2024 18:41:31 GMT
That's great. No rollover available for Epping, and the funds not (yet) returned to invest in this loan.
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morris
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Post by morris on Nov 29, 2023 14:53:20 GMT
As far as I know, but happy to be corrected if not, CP have never admitted that a loan has failed. Any that have are just left festering. Cetainly the case with all my loans. At my age I would be happy to take whatever haircut is coming just to clear the decks for the executors of my estate. The total amount outstanding is not large and is less than total interest received from CP but it's a Hotel California platform. They've certainly admitted, via the loan updates, that there will be a loss on one of the loans that I'm in. They gave a detailed update once it was known that there would be a loss, but without figures as these couldn't be determined at that time. I've had a couple of short updates on the progress since. Even if this resulted in a complete capital loss, which seems unlikely (but difficult to be sure as costs continue to mount up), it only represents 2.5% of my total CP profit so far. It would be 1 project loss verses 121 completed successful projects for me. From their stats page, we can see that 21 loans that entered the default state have subsequently repaid capital and interest in full, so those weren't left to fester. I'd certainly like more frequent updates on the remaining 33 that are still in default (or at least for the 19 of them that I'm in), but I understand that there's little point when there's no real progress to report, which doesn't necessarily mean that they aren't doing anything. I'm interested to see how they do handle their first crystallised loss, particularly to see whether they forgo any of their own fees, which some of the better platforms do in loss situations, or whether they stick to the letter of the contracts to maximise platform profits. Forgoing their fees would go a long way to appease lenders, and will help me determine my future lending amounts with them. This sounds like a different loan to the one I am in where an estimated 14% capital loss has been given.
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morris
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Post by morris on Nov 25, 2023 8:56:43 GMT
This is the second consecutive weekend that there have been no project updates. Is there really nothing to report, or is this taking up too much management time?
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morris
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Post by morris on Nov 10, 2023 18:57:01 GMT
I once asked Proplend this question and they said 'you can't buy a loan you already own'.
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morris
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Post by morris on Nov 8, 2023 18:20:34 GMT
Glad to have remaining funds back and to put to better uses. It started off so well.
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morris
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Post by morris on Oct 24, 2023 6:41:09 GMT
The large donations made by housebuilders to this tory government means that policy is skewed in their interest and not housebuyers.
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morris
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Post by morris on Sept 17, 2023 17:48:26 GMT
Why no rollover for tranche B. It's bigger than the old tranche.
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morris
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Post by morris on Sept 12, 2023 19:30:15 GMT
I have spoken to them and they are looking into this issue.
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morris
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Likes: 149
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Post by morris on Sept 12, 2023 13:37:44 GMT
I have £95 in an ISA to re-invest which it will not accept and so can withdraw it for a £35 fee.
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morris
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Post by morris on Sept 6, 2023 9:26:49 GMT
I was in a town on the Yorkshire coast at the weekend and took an external look at the project for the conversion of a former college into apartments. In short the property looked derelict. Every window that I could see either had broken panes or was boarded up or covered in plastic sheeting. There was an issue with the money not reaching the contractor recently so that tranche was repaid to investors, and a report of the contractor having left site earlier this year.
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morris
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Post by morris on Aug 10, 2023 11:18:24 GMT
The repayment sent my realised average return up by 0.07%. It had been falling as older loans repaid.
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morris
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Post by morris on Jul 7, 2023 5:56:53 GMT
Sold at auction. Glad i am in tranche A.
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