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Post by loftankerman on Nov 11, 2017 15:15:11 GMT
The supplied photos on here make me feel it looks like a mega scale version of one of my DIY projects in the early stages rather than the late one we have been hearing about. We seem to have stopped hearing about practical completion and refinance and now it is just discussions with other funders to pay off the Lendy loan. I haven't tried to sell because it has long looked like it would have either paid up or gone down the pan before I got to the front a queue anyway. Well, it looks like any optimism for refinancing is off the cards as the finishing line comes into sight. As consolation 'Practical completion' is back in vogue just down the road, well a bit down the road, well somewhere down the road...probably. Okay, maybe.
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Post by loftankerman on Nov 9, 2017 17:19:58 GMT
I've sold a couple of houses fairly recently and was surprised to find the amount of quizzing I got about them compared to my previous sale in 1986. When I asked our solicitor how on earth I was supposed to have such information, I was told that 'Don't know', if truthful, is an acceptable answer. Of course when it comes to questions about related boundary disputes, problems with neighbours and problematic local issues a "Don't know" might be a little difficult to be convincing about if one is effectively ankle deep in them. It could be that even if the property does come down to a 'snatch your hand off' price prospective buyers would be scared off by disclosures or deeper investigation that might point to failures of disclosure.
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Post by loftankerman on Nov 9, 2017 16:41:57 GMT
I saw the 'Managing Risk' earlier today too and assumed it had just been added. They make a lot of the extent to which they take managing risk seriously. In the light of the current dire straits of so many loans, I assume that today marks the start point for this serious approach. Well done, if a bit late.
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Lendy (L) in Administration
autoinvest?
Nov 6, 2017 12:19:23 GMT
Post by loftankerman on Nov 6, 2017 12:19:23 GMT
Thanks, survey found and completed.
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Post by loftankerman on Nov 6, 2017 9:40:14 GMT
Thanks for the replies. I don't have the email, but as I have mentioned in the past, getting Lendy's emails is a bit random in my case. I tried the link but just got a blank page, so maybe it has timed out. It is of no great consequence. I wouldn't be interested in investing but I think it is a brilliant idea on Lendy's part as it answer the undoubtedly worrying question.. "How are we going to finance next year's Cowes Week?"
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Lendy (L) in Administration
autoinvest?
Nov 6, 2017 9:03:44 GMT
Post by loftankerman on Nov 6, 2017 9:03:44 GMT
I have been following this thread with interest but all the while wondering why I haven't seen this survey myself. Where can I look at it? Thanks in anticipation.
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Post by loftankerman on Nov 4, 2017 16:36:24 GMT
Well, ever the optimist, I'm going with (e). It couldn't get more unexpected than the borrower finding the funds and paying up by the due date.
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Post by loftankerman on Nov 4, 2017 14:32:22 GMT
The supplied photos on here make me feel it looks like a mega scale version of one of my DIY projects in the early stages rather than the late one we have been hearing about. We seem to have stopped hearing about practical completion and refinance and now it is just discussions with other funders to pay off the Lendy loan. I haven't tried to sell because it has long looked like it would have either paid up or gone down the pan before I got to the front a queue anyway.
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Post by loftankerman on Nov 3, 2017 23:50:17 GMT
I don't dispute the above positive views but I decided a month or so ago that it would be a great time to sell out and move into something less Lendy.
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Post by loftankerman on Oct 31, 2017 8:51:56 GMT
We do no need to see what happens with some of the defaults but greed may yet pull the wool over the eyes of the sheople. Baaa! No chance, I'm off, the grass looks much greener on the other side.
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Post by loftankerman on Oct 28, 2017 16:09:48 GMT
I anticipate hearing that any outstanding interest owed will be delivered to lenders' stockings at Xmas by Santa and in the meantime they can confidently continue to invest.
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Post by loftankerman on Oct 22, 2017 8:41:33 GMT
Guess the inundaters are sufficiently computer literate as to know how to send complaining emails but don't know how to flag incoming ones as spam or find a forum where they could share their views.
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Lendy (L) in Administration
Weekly BS
Oct 21, 2017 12:05:53 GMT
Post by loftankerman on Oct 21, 2017 12:05:53 GMT
I'm down to two loans in Lendy now. I'm not particularly worried about them, there's no point, they don't seem extra dodgy and the queues to sell on the SM are long with activity negligible. I don't bother logging into Lendy much and ignore their emails relating to new loans, tranches or repayments I derive no benefit from. It really makes no difference to me what nonsense they get up to as long as they don't invoke a new clause that says they can grab everyone's dosh and run.
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Lendy (L) in Administration
Weekly BS
Oct 20, 2017 15:46:00 GMT
Post by loftankerman on Oct 20, 2017 15:46:00 GMT
Circle, circle, glug, GLUG!! Time to blow "Boat Stations".
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Post by loftankerman on Oct 12, 2017 19:50:46 GMT
I find the correlation of what has been sold in relation to investor activity a bit confusing. A day or so ago I saw that the queue on one of my last three loans was down to under £2k, so having other plans waiting in the wings I put it up for sale. Shortly after, others joined the queue. Nothing much seemed to have been going on in terms of sales that would bring me much closer to the top of the queue, but my first loan part was already 40% sold. Around twenty minutes later it had all gone. To be honest I was too busy withdrawing the funds to try and reconcile investor activity and my progress up the queue. Is the investor activity just a random selection of what is going on?
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