Nomad
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Post by Nomad on Nov 14, 2017 13:03:06 GMT
Which November are they referring to - 2017 or probably 2018? They have no idea... It will be very surprising if it's sorted out this year.
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Nomad
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Post by Nomad on Nov 14, 2017 12:38:55 GMT
I'm in this for four figures and see that it's almost ground to a halt? As far as I recall it sold relatively swiftly, then there was c£17K available for a couple of weeks, and that's only now just dropped to c£16.2K, so quite slow takeup. Sothebys involved, 9.6% Return, c33% LTV, seems tidy enough to me, am I missing something? I am also in for 4 figures, and was thinking of taking some more. I can't see any major pitfalls...
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Nomad
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Post by Nomad on Nov 14, 2017 11:34:25 GMT
And this one? Property Development *U*****E *O** 4 (22074) — 122 days late, exposure £xxx Downgraded (No risk band - More info)
10 Aug 2017
The borrower has advised that completion of the external refinance has been delayed as the required documentation will not be signed until early next week. However the borrower has advised that funds should be received by next Friday. We will update investors next week.Now 210 days - 10 Nov 2017
The borrower has advised that the legal checks are still being undertaken by the external lender and so the refinance will be delayed further. The borrower has advised that completion of the refinance should occur by the end of November. We will continue to liaise with the borrower and update investors if this timescale changes.
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Nomad
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Post by Nomad on Nov 14, 2017 8:07:32 GMT
Bit surprised to see abl take this on, A sign of the times in the P2P marketplace that this loan, which raises numerous concerns, is offered by one of the better [in my view] platforms?
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Nomad
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Post by Nomad on Nov 13, 2017 16:46:46 GMT
Also, I note the borrower Mr C*** T*** appears to have led an exciting life. Love the reading time abl. And I can stay away from the computer at 8pm - nothing about this loan appeals to me - the type of business, its location, or the borrower's CV... A good friend has a pub in Lincs which has been a never-ending struggle financially and is now on the market at a figure well below this one.
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Nomad
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Post by Nomad on Nov 12, 2017 8:49:07 GMT
Am kinda assuming I'll miss this one as think I'll be above the Pacific when it goes live Lots of aircraft have wifi these days. You must be booked with the wrong airline (or possibly sat in the wrong cabin). PS - I assume you're not in a hot air balloon Most airfares across the Pacific are extortionate and it's very hard to afford the "right" cabin!
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Nomad
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Post by Nomad on Nov 12, 2017 8:47:13 GMT
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Nomad
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Likes: 497
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Post by Nomad on Nov 10, 2017 8:02:36 GMT
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Nomad
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Post by Nomad on Nov 6, 2017 7:41:31 GMT
Quote A further update will be provided by the end of this week. Unquote Ed ?? MoneyThing Support page states 'No further update available at this stage'. A further month has elapsed. Has any action been taken since Oct 2?
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Nomad
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Post by Nomad on Oct 29, 2017 8:00:18 GMT
Humour me, what is the asset? "A collection of 33 antique books, manuscripts, works on paper and etchings". Still 55K available...
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Nomad
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Post by Nomad on Oct 27, 2017 16:41:37 GMT
French and Dutch..erm ..you're right..no I couldn't ...but I can offer you German ? ...don't rise to the bait and stop squabbling amongst yourselves..Ist time ive ever agreed with a Mod (as they will testify) While you try to get a rise by picking on a spelling mistake? You agree with the mod and yet fuel the fire. Interesting. Not interesting!
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Nomad
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Post by Nomad on Oct 25, 2017 12:44:33 GMT
75% gone - I give it to 2pm ;-) All gone at 1.44 pm.
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Nomad
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Post by Nomad on Oct 24, 2017 6:30:18 GMT
Hmm, where ever this loan eventually eventually turns up and at what ever offered interest rate it will still remain at its 'core' the same loan offer with the self same set of intrinsic concerns attached, concerns which have been expressed throughout this thread by not by just one but by many, the self same concerns so well summarised by GeorgeT in his post above. George's post can be found here: p2pindependentforum.com/post/223923He speaks of risk and reward and he asks once again... ...How was the unaccounted for £1,200,000 spent by the borrower? A question which was posed multiple times but steadfastly ignored by MT, the borrower, and the sponsor...
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Nomad
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Post by Nomad on Oct 23, 2017 16:01:32 GMT
Either way looking at the SM it tells me there are people investing who shouldn't, a mere sniff of trouble and they are looking to get out, they are clearly not understanding the risk of what they are doing.
I feel that I do know what I'm doing and understand the risks; when uncertainty is generated that I am uncomfortable with, I will sell out. And I'm pleased that I did...
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Nomad
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Post by Nomad on Oct 23, 2017 10:46:32 GMT
What is actually meant by Bespoke Security? There is a new project on the site now, with bespoke security, and offering 8.25% interest. And another new one today - two years at 8.5%.
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