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Post by brianac on Mar 24, 2016 16:15:19 GMT
PBL89 - Go-Live on Friday 25th March 2016
- And another aside, search for the name of the pub and "christening" - talk about starting out as you mean to go on!
Tends to be a Hazard when you do "functions" I used to work at a Hotel, they went to great efforts to avoid Traveller weddings/functions. Thanks for summary. Methinks I'm going to go for some of this one. Brian
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Post by brianac on Mar 24, 2016 15:11:49 GMT
Looks like it was signed by a seismograph. Won't stop me having some of it though. Brian
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Funding Circle (FC)
FC IFISA
Mar 24, 2016 11:46:17 GMT
Post by brianac on Mar 24, 2016 11:46:17 GMT
12 feet is probably not quite long enough. Pretty much decided where to IFISA and FC don't even get close Trouble is very few, if any, are likely to be in the starting blocks April 5th Just wondering how long I'll have to wait ... Granny always told me that patience is a virtue ... Brian (but 40 quid is tempting - can always use it as a "Lart stick")
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Post by brianac on Mar 24, 2016 11:13:37 GMT
thx to all for that Brian
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Funding Circle (FC)
FC IFISA
Mar 24, 2016 11:02:02 GMT
Post by brianac on Mar 24, 2016 11:02:02 GMT
anyone know where I can purchase a 20ft Bargepole? :-0 Brian
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Funding Circle (FC)
17382
Mar 24, 2016 10:59:30 GMT
Post by brianac on Mar 24, 2016 10:59:30 GMT
but don't hold your breath Brian
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Post by brianac on Mar 24, 2016 9:15:00 GMT
260k on the 90 day, best valuation has to be 297,500 (290k purchase price + 7,500 paid to tenant) Brian
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Post by brianac on Mar 24, 2016 8:29:37 GMT
[/quote] ... (and with an ageing population and ever increasing complexity it will probably get worse). ... [/quote]
Oi, enough of the ageism (personally I find the IQ of some yougsters quite questionable nowadays, but I'm sure they're not <all> that daft) Brian
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Post by brianac on Mar 24, 2016 8:23:52 GMT
getting off the subject, how does it work, does it log in/put the passwords in for you? or does it just open a file for cut'n'paste? Brian
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General P2x Discussion
Glossary
Mar 22, 2016 11:11:58 GMT
Post by brianac on Mar 22, 2016 11:11:58 GMT
BH = ?Big Hitter? (or HNW) seen it a few times on SS forums? I think? Brian
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Post by brianac on Mar 22, 2016 11:00:18 GMT
[/quote]"• New railway line is been granted in planning which will increase value of the end product." Probably HS2, why should that increase the value as I doubt if there will be much demand from the residents of a "care village"? [/quote] Better transport links will increase property prices generally, which will "benefit" this development too. Brian (trying hard not to make a comment about "Derby & Joan" !)
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Post by brianac on Mar 13, 2016 21:53:23 GMT
I think everyone hates the FS SM, except higher rate tax payers who avoid their tax and even they will have to offer a hefty discount once people catch on, but FS say their legal advice is that it's the right way to do the tax. No other platform does AFAIK so the advice obviously varies! IMHO there isn't actually a difference -- or problem -- with the advice FS have received. The difference is that FS have chosen to pay all the interest earned over the life of a loan to the people holding the loan parts at the time the loan is closed and the interest is paid. And the tax rules seem pretty clear that whomever is paid the interest reports the income and pays any tax due. The two other platforms with SMs that I'm familiar with (AC and SS) don't do that. Instead, they calculate the amount of interest accrued up to the time the part is sold/bought on the SM and then pay that to the seller when the interest payment is received. That might happen within a month (where payments are made monthly), or at maturity (where interest is rolled up during the term of the loan and paid at maturity), or even well after maturity if the borrower doesn't repay on time. In that case, everyone who held parts of a loan over its life will receive their share of the interest, and pay any tax due on that income. The key point is that the difference in tax treatment is purely the result of the difference in the way FS decided to pay the interest. They didn't have to do it that way -- they could have done it the way other platforms do -- but that's what they decided to do. ISTM that the FS method is a lot easier to implement from a platform's point of view and that maybe why FS set up their SM that way. Other platforms may have looked at the results for investors of that method and concluded that they'd rather use a different method that didn't have the same consequences, even though it meant they have to keep track of who is owed how much accrued interest. And when loan parts can be bought and sold multiple times before interest is paid, that has to require a fair amount of record keeping. I would think that people who bought on the SM would have a good claim for compensation from FS. I'm sure that is why FS have tried to make the consequences of SM purchases clearer with the "CAUTION" that caveman38 quoted a bit earlier in this thread, though they didn't do that at first and added that note only after there was a lot of discussion of those consequences here in the forum. They might have done it without needing our prompting -- who knows? An unanswerable question is whether all buyers fully understand the consequences. I suspect there will be some who don't. If that's the case, some will be surprised later. And some of those will complain. How big a stink will result from that is another good question, and that will test the adequacy of the cautionary note. Unfortunately, the result of that will be negative PR for FS even if the cautionary note is held to be adequate in the end. Could give some interesting results if the buyer is investing via an IF ISA? now there's something to ponder ... Can't imagine HMRC being too happy with some of the implications that could occur? Brian
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Lendy (L) in Administration
reCaptcha
Mar 10, 2016 19:00:49 GMT
Post by brianac on Mar 10, 2016 19:00:49 GMT
at best it's tedious, but mostly it is verrry annoying, esprcially when a bit you want comes up and you lose it whilst the captcha does it's silliness Grrrrrr If you beat the captcha, and the amount has gone back to £0, just SIT THERE! Wait - then try to be first clicker when anything pops up (put your maximum investment amount in first so it's ready). You'll need to play captcha every couple of minutes, but have a better chance of beating U-NO-HOO. you're kidding, Google/captcha seems to be on a go slow at present, taking 2 - 3 minutes to O.K. any transactions. maybe I've aggravated it a bit too much ... Earlier I was putting in random zero bids trying to find ways of turning it (captcha) off (I can select which sites are allowed ot use JS - generally I only allow actual site I'm on, but I've had to allow "kitchen sink" on SS to get it to work properly). Maybe time for (another) reboot :-0
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Lendy (L) in Administration
reCaptcha
Mar 10, 2016 15:18:20 GMT
Post by brianac on Mar 10, 2016 15:18:20 GMT
at best it's tedious, but mostly it is verrry annoying, esprcially when a bit you want comes up and you lose it whilst the captcha does it's silliness Grrrrrr
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Post by brianac on Mar 8, 2016 22:13:09 GMT
Sorry, but have I missed something. Have we got a self confessed cheater commenting on these boards....... I do appoligise but I wasn't cheating the system..... I was heavey fingred in trying to buy on the SM and bought to much of one loan. I didn't relise until the next day and sold the laon as soon as i noticed. I had interest on my account from this investment, but I didn't get it (only got .26p) Did you onl yget 0.26p? or did you actually get 26p (£0.26) ? by my reckoning the 26p is closer to what you should have got for two days on £100?
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