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Property Partner
Deansgate
Apr 4, 2016 13:46:20 GMT
Post by brianac on Apr 4, 2016 13:46:20 GMT
It seems to be stuck on "28 days left" or is that me? Brian
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Post by brianac on Apr 4, 2016 7:31:45 GMT
Polly Peck? You're showing your age. At least you didn't mention Emil Savundra Brian
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Lendy (L) in Administration
SS vs RS
Apr 4, 2016 7:24:56 GMT
Post by brianac on Apr 4, 2016 7:24:56 GMT
I know nothing of RS but if it is true you do not know who you are lending to then it is not true P2P. Look's like there is a fair degree of intermediation in which case how is it different from a bank?
If the brown stuff hits the fan, Government ( taxpayer) won't bail them out. Brian
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Post by brianac on Mar 28, 2016 20:02:05 GMT
But can't SPV's offset mortgage interest against tax, which ISTR personal taxpayers no longer can? Also from PP's FAQ "It is not possible for more than four people to be listed on a UK land registry deed" There is more in the FAQ on deffered taxation, but I suspect you would understand that a lot better than I would propertypartner.co/howitworks/faqsBrian
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Funding Circle (FC)
FC IFISA
Mar 26, 2016 14:16:15 GMT
Post by brianac on Mar 26, 2016 14:16:15 GMT
Somehow, "I wouldn't touch it with an 18ft window cleaning brush" just doesn't quite carry it, doesn't have the same "ring" about it And as for the "kids" doing jobs 4 me ... I have to go round to them regulalrly doing their DIY 4 them But lately I try and avoid it if I can. Too busy learning/investing in P2P (desperatley trying to get back on the subject!) Brian
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Post by brianac on Mar 25, 2016 22:04:53 GMT
Diversification solution bit was meant tongue in cheek Sorry I forgot the smiley. Brian
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Post by brianac on Mar 25, 2016 18:58:44 GMT
or is it me? My dashboard doesn't seem to have updated since yesterday morning. usually it moves by a few pennies daily. looking at the account statements, there is the usual welter of micro transactions up to early yesterday morning, then absolutely nothing. or has Chris's solution to diversification reached equilibrium at last? Brian
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Post by brianac on Mar 25, 2016 12:44:20 GMT
not yet, but when the next one comes along ... :-) Brian
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Post by brianac on Mar 25, 2016 7:20:44 GMT
Apart from a small "nibble" I've stayed out of the Bedford farmers fields, that was part of the reason (plus I'm not convinced)
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Post by brianac on Mar 24, 2016 22:20:34 GMT
I guess at the moment that is the only thing that matters is how much rent it brings in ie enough to cover interest or not on loan. Even if they want to do something with it eventually it will not be during the duration of this loan, planning permission will take time and they will have to get rid of tenants. So the value of the property with any potential planning permission is pretty irrelevant at moment . How do they plan on repaying the loan? Do I understand well that your interest in rent amount is to see if it covers the interest? Quote> Our borrowers are very experienced investors who are building a portfolio of similar pubs with planning potential. They are buying this asset out of probate hence the need for rapid, short term finance whilst they arrange longer term funds to be arranged from a high street lender. \Quote> This seems to suggest (to me) a longer term strategy mind, what they say and what they actually intend, and what they actually do .... Probate bit doesn't quite sound right, having handled a couple of them, it's actually quite a slow process, and property tends to spins it out even further I'm slightly concerned by a comment by investibod - "the property is currently owned freehold by the borrower" if he owns the freehold who's died? and why doeshe need to buy it if he already owns it? where does this info come from plse? Brian
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Post by brianac on Mar 24, 2016 21:55:25 GMT
Don't have too much, I want a lot. No worries, i only have a little money, so i will only have a little piece. I want a lot (well a lot for me anyhow, small change to some here I would guess) then sell bits to finance other upcoming loans as the month progresses <new tactic> Brian
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Post by brianac on Mar 24, 2016 21:52:10 GMT
But I'm still a Kentish man. (not one of those chavvy Men of Kent ) Makes me a Chav then! :-0 (which is appropriate as the terms <allegedly> derives from near here) Brian
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Post by brianac on Mar 24, 2016 18:49:23 GMT
Thx Pics look good. good camera you got there ;-) Brian
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Post by brianac on Mar 24, 2016 17:17:37 GMT
Edit: I appear to have imagined the moustache, damn its good! Well spotted. could be ... :-) Brian
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Post by brianac on Mar 24, 2016 17:15:36 GMT
A worthwhile question though, because if it is a development play they may have to break the current commercial lease to get the pub tenant out. I figured they'd "sit it out" , there's mention of them going for several pubs, though not specific how many they have so far (unless I missed that part) so it would seem (to me) to be some sort of long term strategy rather than a quick redevolopment and on to the next. With commercial (or even pub) leases, do they have an automatic right to renew? or maybe take a leaf out of the other pub's book, and pay them off - 7.5k in that case iirc on a side note, Highland Tiger, I had you figured out as Scottish? Presume your no longer in that part of Kent though (I also know area fairly well) Brian
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