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Post by Paul64 on Apr 20, 2017 17:39:43 GMT
Hi, thanks for your forum message. All opportunities have been through a full and thorough in-house and independent credit check. Please DM me with your specific concerns if you are thinking of lending on it and I will look into it further. We do not offer advice however. If you are in any doubt as to whether the Lendy platform or particular loans we make available are suitable for you then please therefore seek independent advice. Current 13 defaults doesn't suggest that existing in-house and independent credit check procedure has much credibility.
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Post by Paul64 on Apr 20, 2017 16:29:23 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! Hi, thanks for your forum message. All opportunities have been through a full and thorough in-house and independent credit check. Please DM me with your specific concerns if you are thinking of lending on it and I will look into it further. We do not offer advice however. If you are in any doubt as to whether the Lendy platform or particular loans we make available are suitable for you then please therefore seek independent advice.
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Post by Paul64 on Apr 19, 2017 9:43:15 GMT
All, there is an update on the Lendy website. support.lendy.co.uk/hc/en-us/articles/115002676009-Post-Bank-Holiday-update-on-transaction-processing. Our bank is still experiencing some issues which are impacting certain online banking transaction for their customers and clients of their corporate partners. We are working behind the scenes to manually process deposits, and have cleared most of the backlog however please expect some disruption today and into tomorrow. I'd like to apologise again for any inconvenience caused.
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Post by Paul64 on Apr 18, 2017 18:34:36 GMT
Hi all, I do not agree that anyone has been misled, and would politely ask that people refrain from the more inflammatory language on the forum. I do however feel that we could have been clearer, and will keep an eye on rollovers in future. I am sorry if the loan has inconvenienced anyone.
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Post by Paul64 on Apr 18, 2017 13:31:29 GMT
Hi, while there is a connection, they should be treated as two separate loans, so, yes, please clear any negative balances.
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Post by Paul64 on Apr 18, 2017 13:26:49 GMT
All, PBL167 will repay PBL122 once 167 completes (i.e. is drawn down, which is expected this month). Until then all monies are held in the client account. If you're invested in both then you'll earn interest on both loans.
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Post by Paul64 on Apr 18, 2017 11:39:07 GMT
It has nothing to do with Lendy. This is a restriction at our banking partner, which is one of the big four high street banks, so a common issue.
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Post by Paul64 on Apr 18, 2017 11:18:42 GMT
Hi all, as you are aware we're not able to publish the IMS reports for the reasons I have previously given, but we are exploring what could be made available that provides an update on a project's process. We'll provide an update shortly on this.
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Post by Paul64 on Apr 18, 2017 11:14:31 GMT
Hi all,
Bank holiday backlog
We'd like to apologise for the slow processing of some transactions on the platform today. Part of the transaction process goes through our high street banking partner, which has had issues over the speed at which it can execute transactions once they hit a daily threshold. As the banks were closed over the Bank Holiday this has created a backlog at the partner bank that will add an estimated 24 hours delay. The backlog should be cleared by tomorrow, and we should then return to our usual processing speeds. Where you are making withdrawals these will be processed separately, bypassing the delay at our partner bank.
A short note will be going out to all investors shortly.
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Post by Paul64 on Apr 13, 2017 8:14:54 GMT
Hi all, I am pleased to confirm that an Advance Notice will go out on PBL167 this am. Paul
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Post by Paul64 on Apr 12, 2017 16:55:21 GMT
I do hate to use the term as you never know but...
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Post by Paul64 on Apr 12, 2017 16:36:25 GMT
Hi all, there's been a few false dawns on this but final confirmation is imminent and we will send out another Advance Notice once approved.
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Post by Paul64 on Apr 11, 2017 17:05:00 GMT
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Post by Paul64 on Apr 11, 2017 10:04:33 GMT
Hi all, the borrower has paid for five weeks of interest whilst they refinance with another lender. The new repayment date is 07/05/17.
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Post by Paul64 on Apr 7, 2017 12:44:19 GMT
Hi all, I'm sorry, but completion of this loan has been delayed because the person selling the property to the borrower would like to retain rights over certain parts of the security property to graze their animals. We need to make sure this does not impact on the security and the only way to do this is for a formal legal agreement to be drawn up between the vendor and the borrower to ensure the agreement can be terminated without recourse to the legal system. We know all sets of solicitors are working hard to get this agreement in place and as soon as this has been done we will look to proceed with drawing down the loan.
My apologies if this has caused you any frustration. I will provide an update when I have further news.
While there are sometimes delays to loans going live, we do do our best to pull out all the stops to keep any delays to a minimum.
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