izigor
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Post by izigor on Feb 2, 2018 17:59:48 GMT
Latest update: "The IMS’ report has now been received and reviewed by Lendy. We will now be proceeding to obtain quotes from contractors to build out the site."
Can some of you please educate me a little. I naively thought the IMS report would have included the quotes as .. that seems to be the crucial piece of info required here. What exactly was the purpose of the IMS report and what kind of content was it providing?
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izigor
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Post by izigor on Jan 27, 2018 21:04:03 GMT
Hi everyone, can you answer me this question please: oh and the 24hrs available to fund, is that during a working day .. or this ticks during non-working days too? Faster Payment System and Lendy’s automated deposits available 24/7 to pay within the 24 hours. Trickier for overseas bank holders. Thanks for the reponses. It wasn't so much the Lendy's deposit that is the hold-up at the minute. I've requested transfers from ReBS and Funding Secure and neither has reached my bank account yet. Either would have filled the gap in the pre-fund but neither looks likely within 24 hours. Lendy is already in my bad books, so I don't care so much about being in theirs, but the whole thing about investing with Lendy is becoming more and more investor unfriendly and cumbersome. And yet they claim it was all driven from feedback from investors. Who ARE those investors?!? It's like turkeys have been requesting extended dinners for xmas.. So they had 48hrs to provide funding, that was too much and couldn't get any sleep. So they fired up their laptops, went online wrote an influencing and impressive request to Lendy demanding they reduce the time allowed to 24 hours.
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izigor
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Post by izigor on Jan 27, 2018 12:57:40 GMT
Hi everyone, can you answer me this question please:
If I have requested and received a prefund of £5000 (because I was confident or thought I would be able to sell enough over-200 remaining days loan in time). However, say my cash balance was currently around £4200 and none of my loans gets sold or deposit reach £5000 within 24 hours, do I lose the whole £5000 fund in the new loan or will it only cancel the £800?
oh and the 24hrs available to fund, is that during a working day .. or this ticks during non-working days too?
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izigor
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Post by izigor on Dec 28, 2017 0:09:04 GMT
Ok wait, I now DO see one in the Lendy forum (and with the exact same title)... arrgh .. not sure what's going on with my vision here, I should have gone to specsavers ... Is it possible to make this thread disappear? I don't want lurking evidence of my mental situation ..
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izigor
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Post by izigor on Dec 27, 2017 20:13:46 GMT
Thanks rrrupert. Believe it or not I did search in the Lendy forum to see if there was a discussion on this topic already. I've just look now and still can't find it (unless you mean a thread which is outside of the Lendy section?). Exact same title as yours, long term discussion across platform under General P2P Discussion. Ok, that one I did see (I also now understand that's the one rrupert meant). I just thought a list and discussion on Lendy's specific loans which are affected would be best done in a thread within Lendy's forum. I didn't mean to have another 'general' discussion on the topic. On reflection, perhaps though, I should have first asked the question on whether there was one to start with, in the general thread and I'd have saved everyone this thread ;-) I don't see an option to delete this thread, so I don't know if a Mod wants to do it or we just let it die a long death through the Guillotine of time..
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izigor
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Post by izigor on Dec 26, 2017 14:58:10 GMT
Thanks rrrupert. Believe it or not I did search in the Lendy forum to see if there was a discussion on this topic already. I've just look now and still can't find it (unless you mean a thread which is outside of the Lendy section?).
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izigor
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Post by izigor on Dec 26, 2017 11:44:38 GMT
Does anyone know which loans in Lendy are affected by the rules changes in Ground Rent?
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izigor
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Post by izigor on Dec 22, 2017 23:17:56 GMT
I'm thinking if the £1M sale does go through, then the fund for the build-out could (or should?) come out of that. However, I'm not sure if they would be able to use that money for both loans (DFL001 & DFL002). I think there are limitations to doing that .. it might end up only usable for DFL002, which would then, probably be used for Lendy's fees, funding and then a part repayment. Best not get too attached to that offer though. It's only sold when the sale is completed.
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izigor
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Post by izigor on Dec 22, 2017 15:02:41 GMT
From Lendy "The borrower made an offer to purchase this site, together with the property relating to loan DFL001, for the combined sum of £6m. This has however been rejected.". Wow !! That is £3m short of just the outstanding loans for DFL001 and DFL002. Hence the rejection. Don't forget the interest and accrued interest on top.
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izigor
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Post by izigor on Dec 22, 2017 13:14:07 GMT
"The LPA Receiver is proceeding with the sale of one of the units for £1m from a third party and an IMS is continuing its work to evaluate the costs required to build out the remaining commercial and residential units."
So the £1M sale is still in progress? Is that the original sale that has been going for months or a new offer?
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izigor
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Post by izigor on Dec 22, 2017 13:08:01 GMT
Amended £6M offer from the borrower rejected. Investigation on build-out offer carries on and results are expected in the new year (? what does that mean? circa middle to end of January?). Also wondering out aloud, was £6M to £7M not the original offer. In any case, looking forward to the results from IMS.
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izigor
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Post by izigor on Dec 22, 2017 9:30:07 GMT
elliotn, thanks. It's just that I saw the new tranche still on 180 days and was wondering what was going on. I'd thought they'd both be on the same term ..
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izigor
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Post by izigor on Dec 22, 2017 5:08:37 GMT
My policy is something along the lines "Don't bite the hand that feeds". When all my investments are out of Lendy (which may take years), the gloves are off :-) And I'm hoping it's also the policy of Lendy
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izigor
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Post by izigor on Dec 22, 2017 5:06:09 GMT
I'm guessing, it is a 3 months extension so to check my maths 183+90 = 273.
Although the above adds up (in sense as well as maths) Can someone please confirm if my guess is correct please?
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izigor
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Post by izigor on Dec 22, 2017 4:00:52 GMT
It's now showing 273 days term remaining ... was that expected?
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