grahamg
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Post by grahamg on Jul 26, 2018 15:58:41 GMT
Email just in Lendy went for option 2 wow
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grahamg
Member of DD Central
Posts: 220
Likes: 62
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Post by grahamg on Jul 27, 2017 18:23:00 GMT
Maybe its time that that the "The Whitehaven News" who wrote a piece about the site in January did a new in depth expose update on the wonderful progress on the site since the sad loss of Cap'n Senny's to the bulldozer.
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grahamg
Member of DD Central
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Post by grahamg on Jul 26, 2017 14:36:22 GMT
ali any chance of a photo update
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grahamg
Member of DD Central
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Likes: 62
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Post by grahamg on Jul 12, 2017 11:09:04 GMT
I guess the Hoardings are to prevent us taking any more compromising photos.
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grahamg
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Post by grahamg on Jul 12, 2017 11:04:00 GMT
Paul64 Could you clarify something for me please - if you cancel a loan part on the SM, do we still get the Interest for the duration it was listed (up to months end), or has that feature been removed The "Reminder that interest is not paid when loan parts are put up for sale" makes me think that the above may have been removed... but I can't work it out Hi. Do we have a reliable answer to CD's question yet? It would be good to know! Paul64 Other questions related to this are: If you sell a loan part during the accrual phase do you still get the accrued interest and if so when and to what date?. Do you get it immediately or does Lendy remember the sale and credit you when the interest is recovered? Similarly what happens if you both buy and sell a part during the accrual phase? Have these actions been fully tested ?
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grahamg
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Post by grahamg on Jun 9, 2017 14:35:57 GMT
SM now £7m (excl DEF). Still seems to be rising at a rate of around £2m/week. I'm assuming that most of this queue is lenders trying to cash out and leave the platform, but why anyone would want to sit at the back of any of the 18 odd queues that exceed 100K that are shifting maybe 2K a day beggars belief, especially if they cross the month end boundaries and get no interest. (warning your cash in time may exceed the length of the loan) But then there are all those people on ebay who push the price of the item they want up by bidding against each other days before the end of an auction instead of the last couple of minutes! Funny old world!
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grahamg
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Post by grahamg on Jun 2, 2017 16:32:49 GMT
There wasn't much change in the SM on the last interest day - there was a bit of a churn, but quickly replaced by others adding to the list LY need more investors - they have reached saturation point, and the knock on effect is others looking to move money. I honestly think the lower rates have had an effect - yes the loans fill, but investors are realising that they are getting a raw deal, and possibly feel a bit cheated; other platforms carry more trust and, when the opportunities arise (and there are several out there), investors are more likely to move their money to these platforms It is my opinion that LY needs to offer loans at a fair rate that represents the risk. That doesn't mean all 12% (although, if you ask me, that was a very good selling point LY have now lost), but simply means not trying to fool investors with applying rates against size. Once again - yes, these loans fill - but there is a wider issue with trust that has far-reaching effects Just my 2 cents worth on the situation Well AC have £5.8m on the SM available mostly 7-8% loans so saturation, disinterest, dissatisfaction, and money wanting to leave there as well. even MT have a small SM list that's not going away. The P2P market seems to have saturated generally, little new money and existing investors finding it difficult to move money around. Hold to redemption for now! DFL025 still has £334000 0f unsold parts DFL012 has £168000 at 12% In that context trying to make out that 7-8% is a good deal is a platform disaster.
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grahamg
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Post by grahamg on May 17, 2017 21:33:44 GMT
Ooh! <removed as this tends to point to an individual who may or may not be a Borrower>
Oh dear forgot the DD, see Telegraph article
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grahamg
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Post by grahamg on May 5, 2017 12:58:16 GMT
Maybe I missed something over here but does anyone know what happened to that Independent Monitoring Surveyor report announced over a month ago, which took place 4 weeks ago and 2 weeks ago had not yet been received? Does the latest 'no change' update mean: 'no change, we are still waiting for the report' or 'no change, works are running on schedule'? I too would like to see some update here, if not the actual report. How long does it take to get? Surely not this long? No news is bad news or they can't be bothered to keep us up to date! Why would a platform hide good news?
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grahamg
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Post by grahamg on Apr 28, 2017 20:39:59 GMT
Going Live tomorrow and still with a defective GDV Paul64 Hi. I am not sure what you mean. It is entirely reasonable, and usual practice, for a lender to add the value of the freehold ground rent interest (£400k) to the GDV of a development (£2.7m) to arrive at the security valuation (£3.1m). Is it really Paul. Nowhere in the details is this explained, and it is not reflected in the VR, where all rent detail is missing so we can't check it. What's the rational for adding just a single year of ground rent to the value. Also what matters to lenders is that the GDV represents the realistic value in a default situation, not a hyped valueassuming the borrower were selling, so not really £3.1m then.
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grahamg
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Post by grahamg on Apr 28, 2017 12:50:21 GMT
Warrington DFL has become DFL024 (13:27). Going Live tomorrow and still with a defective GDV Paul64
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grahamg
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Post by grahamg on Apr 27, 2017 15:38:02 GMT
New 9% pipeline DFL just announced.
Warrington
Security £3.1m Loan £692,235 LTV 22% 9% interest 240 day term
Better get a shift on, I was under the impression the borrower needed the money today The given GDV of £3.1m is highly misleading Paul64 as the valuation document gives : Market Value with vacant possession in current condition £1,000,000 Market Value with vacant possession subject to 90 day marketing constraint £800,000 Gross Development Value on completion £2,700,000 Gross Development Value on completion subject to 90 day marketing constraint £2,430,000 Freehold Ground Rents £400,000 Have Lendy added the ground rents to the valuation ? Naughty? Realistic GDV form our perspective should be the 90 day value
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grahamg
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Post by grahamg on Apr 26, 2017 13:47:12 GMT
All columns on all tabs are sortable for me. (Except the 'valuation' column on the pipeline tab.) Admittedly, it wasn't always that way and is a recent change. Indeed, it seems to have been fixed in the last day or 2. Hoorah. Yes Fixed, if only you cold sort My Loans by "Remaining Time" Please Paul64
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grahamg
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Post by grahamg on Apr 20, 2017 16:17:28 GMT
DFL 021 Surprise LfSS have the cheek to put this up especially at 9% given that their track record with care homes build seems to be 100% failure Paul64 with PBL 66 and 67 going straight to the default tab. I would have thought that the Care Home market is one not to be in given the squeeze on fees and presumably margins and the disquiet about quality of care!
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grahamg
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Post by grahamg on Apr 18, 2017 11:10:52 GMT
This seems to be the problem - either payments get processed relatively quickly or they seem to get lost. Took days for them to find my last one, and clearly the same's now happening again... I'm wondering if my problem is because I sent the same amount the day before. I seem to remember duplicate transactions seem to get lost Is your scenario similar, or was your transaction a single unique transaction? Several e-mails to LY, and no response yet. I'm not even getting the "We have received your e-mail" auto reply Made a deposit saturday afternoon , no problem
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