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Post by Collateral Rep on Jan 5, 2018 13:47:51 GMT
Afternoon,
I'll get an update next week on the progress of the loans.
Many thanks,
Gordon
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Post by Collateral Rep on Jan 5, 2018 11:38:59 GMT
Afternoon,
The following loans are set to redeem or renew/extend from the 8th of January to the 14th of January.
08/01/2018 BB00606 - Redeem 08/01/2018 DL00011 - We will be bringing all the related Bolton loans into line next week, extending each loan with an end date of mid March
10/01/2018 BL00006 - Redeem (expected to complete on the 15th of January)
11/01/2018 BB00554 - Renewal
12/01/2018 BL00045 - Redeem
13/01/2018 BB00649 - Renewal 13/01/2018 BB00650 - Renewal 13/01/2018 BB00651 - Renewal 13/01/2018 BB00652 - Renewal 13/01/2018 BB00555 - Renewal
Loans that are to be renewed will be listed from 9am with all redemptions for that day before 9am.
Note that this is the current indication from the borrowers but is of course subject to change.
Please remember if you wish to keep your investment in any of the none property loans which are to be renewed, make sure you have ticked Renew Investment in "My Loans".
Many thanks,
Gordon
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Post by Collateral Rep on Jan 4, 2018 16:29:10 GMT
Hi Forward , All interest due is paid on the first of each month, so the accrued interest on this loan will be paid on the 1st of February. When loans are repaid, we pay the capital immediately then any interest due on the first of the following month. Many thanks, Gordon
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Post by Collateral Rep on Jan 4, 2018 15:53:45 GMT
Hi Forward , We'll looking into this now and will come back to you ASAP. Many thanks, Gordon
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Post by Collateral Rep on Jan 4, 2018 14:20:39 GMT
Afternoon,
This loan has now been repaid.
Many thanks,
Gordon
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Post by Collateral Rep on Jan 4, 2018 13:46:10 GMT
Afternoon,
Our system is set to calculate and pay interest on the first of the month. I can't see why changing this would be necessary, so as it stands we will continue to pay interest on the first of the month.
Obviously as we grow investor numbers, the level of withdrawals on the first of the month is also growing, which is taking longer to process as we do this manually.
Many thanks,
Gordon
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Post by Collateral Rep on Jan 4, 2018 12:47:42 GMT
Hi,
Both loans have been drawndown and we'll have an update for investors shortly.
Many thanks,
Gordon
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Post by Collateral Rep on Jan 1, 2018 11:57:25 GMT
Morning,
As we say in the emails and on the posts regarding Existing Loan Updates - Note that this is the current indication from the borrowers but is of course subject to change.
Also as stated in an earlier post - Loans are only ever extended providing interest has been paid on or before the extension period start date.
Many thanks,
Gordon
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Post by Collateral Rep on Dec 29, 2017 11:28:52 GMT
Hi oxford101, The loan will be extended a further three months from the current end date. Many thanks, Gordon
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Post by Collateral Rep on Dec 29, 2017 10:59:24 GMT
Hi mouse, Loans are only ever extended providing interest has been paid on or before the extension period start date. Many thanks, Gordon
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Post by Collateral Rep on Dec 28, 2017 12:10:27 GMT
Afternoon,
The following loans are set to redeem or renew/extend from the 1st of January to the 7th of January.
03/01/2018 BL00042 - 3 Month Extension 03/01/2018 BL00043 - Redeem (may run over a few days due to holiday season)
04/01/2018 BB00541 - Renewal 04/01/2018 BB00542 - Renewal 04/01/2018 BB00543 - Renewal
05/01/2018 BB00544 - Renewal 05/01/2018 BB00545 - Renewal 05/01/2018 BB00546 - Renewal
06/01/2018 BB00547 - Renewal 06/01/2018 BB00548 - Renewal 06/01/2018 BB00549 - Renewal 06/01/2018 BB00550 - Renewal 06/01/2018 BB00551 - Renewal 06/01/2018 BB00552 - Renewal 06/01/2018 BB00553 - Renewal
07/01/2018 BL00017 - 3 Month Extension
Loans that are to be renewed will be listed from 9am with all redemptions for that day before 9am. This may change, but will let you know if it does.
Please remember if you wish to keep your investment in any of the loans which are to be renewed, make sure you have ticked Renew Investment in "My Loans".
Note that this is the current indication from the borrowers but is of course subject to change.
Many thanks,
Gordon
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Post by Collateral Rep on Dec 22, 2017 10:35:49 GMT
Hi elliotn, Our QS is putting a report together which will capture all works done to date and future requirements. We should have this in January and we will update then. Many thanks, Gordon
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Post by Collateral Rep on Dec 22, 2017 7:38:48 GMT
Morning,
These loans won’t go into default as the borrower is paying the interest due on each loan to extend until completion. So investors will continue to receive interest as usual.
Many thanks,
Gordon
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Post by Collateral Rep on Dec 21, 2017 12:35:31 GMT
Afternoon,
The following loans are set to redeem or renew/extend from the 25th of December to the 31st of December.
30/12/2017 BL00035 - Redeem (legals are trying to complete by the end of the year but due to the holiday season it may go into the New Year)
30/12/2017 BB00538 - Renewal 30/12/2017 BB00539 - Renewal 30/12/2017 BB00540 - Renewal
Loans that are to be renewed will be listed from 9am with all redemptions for that day before 9am. This may change, but will let you know if it does.
Please remember if you wish to keep your investment in any of the loans which are to be renewed, make sure you have ticked Renew Investment in "My Loans".
Note that this is the current indication from the borrowers but is of course subject to change.
Many thanks,
Gordon
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Post by Collateral Rep on Dec 21, 2017 12:21:33 GMT
Afternoon,
All the Bolton Student Development loans and initial Bridge Loan will be brought into line early January with all relevant interest paid to extend the loan until the end of February 2018.
The development is scheduled to be completed by the end of February 2018, with a sale agreed and legals expected to be completed by mid March 2018.
Many thanks,
Gordon
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