rogerthat
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Post by rogerthat on May 27, 2023 22:48:15 GMT
Which Charter house loan is this? The priority loan of 2938283517 £575 had a recovery of 1.3 million to cover it and is still showing in my list of loans, it surely cannot return 15 percent?! My recovery is 1018041290 but I can't see what it was. Thanks to beepbeepimajeep I can see where they're coming from. And I made a mistake. I haven't received anything from any of the Charterhouse (2938283517) gamble. The returns from the past couple of days are as below. So mine so far look like this: Capital Return from loan 1168548924 26/05/2023 14:47 £0.00 +£251.61 (from £500 on Carlisle loan) Capital Return from loan 2796468189 26/05/2023 14:39 £0.00 +£4.73 (from £25 Derwent Road) Capital Return from loan 6451255949 26/05/2023 13:36 £0.00 +£146.27 (from £300 on Anglesey Lodge NOT Charter) I've actually got some payments in totalling nearly £700 but it's been so long since I went through the motions, that firstly my head is spinning that I've actually got anything at all but more the fact that I've forgotten the way to check where it has come from and what it relates to. (Ive had no email notifications) I do know that by glancing at my dashboard, that the total 'Current Investments' has reduced by approximately £4K. So that's about 17.5% for me. Perhaps someone will assist by reminding me..thanks. Looking at your figures above I'm also surprised that two of your returns are 50+% and 48%+ which is mildly encouraging for you I suppose considering the time element, though of course the nil interest for several years lending with no return is a kick in the teeth.
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rogerthat
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Post by rogerthat on May 12, 2023 23:46:51 GMT
Great..Im over the moon...ive got £4.01 in frozen funds. Can't wait to get my hands on that. It's a gamechanger Pity about the £44k capital and £32K of accrued interest that I'll never see again
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rogerthat
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Post by rogerthat on Apr 29, 2023 22:34:11 GMT
I wouldn't order the champagne just yet...by the time C& G, solicitors and every other parasite has had their feed, you might, just might be able to buy a can of Bud Light..oh wait !
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rogerthat
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Post by rogerthat on Apr 27, 2023 21:24:48 GMT
Since the meltdown and what looks inevitably like being a substantial loss for myself, I've only occasionally looked in to this P2P, to glean anything I can along with any FB commentary. On the question of Starr and this £500K input. Call me dim, frankly I'm past caring but as this £500K was 'injected' in April 2019 ? will Starr have any claim on loans issued before that date or is the answer to that staring me in the face with previous posts ?
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rogerthat
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Post by rogerthat on Nov 30, 2022 16:30:12 GMT
There's an email update just in on Beresford Road...but im not sure if it's relevant or even worth the time of day looking at.
Development property Beresford Road, Wirral - Renewal - Loan Update
Loan Reference: 3222209939
UPDATE:
The balance of funds were received from the borrower in April 2022. An indicative breakdown will follow
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rogerthat
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Post by rogerthat on Nov 2, 2022 14:16:58 GMT
Spoke too soon..came in 09.41 today ...£87,278..less of course you know what ..not sure I'll even waste my time looking..Charter house stuff...Barnoldswick..and Garvery Farm but that thread seems to have dropped off the list..cant find it atm Co Tyrone...borrowed £260K 5/1/18..you couldn't make it up...almost reached a milestone...just under £30K owed across the board...that is in interest alone..doubt I'll see a single penny.
This one will be a full capital recovery, maybe 30% of interest due, not even tried to work it out. Remember there were 2 properties, one sold yonks ago.
Good point.
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rogerthat
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Post by rogerthat on Nov 2, 2022 10:17:16 GMT
Curiously no update on this loan last Friday... I wonder what's going on here... Spoke too soon..came in 09.41 today ...£87,278..less of course you know what ..not sure I'll even waste my time looking..Charter house stuff...Barnoldswick..and Garvery Farm but that thread seems to have dropped off the list..cant find it atm Co Tyrone...borrowed £260K 5/1/18..you couldn't make it up...almost reached a milestone...just under £30K owed across the board...that is in interest alone..doubt I'll see a single penny.
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rogerthat
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Post by rogerthat on Aug 24, 2022 12:03:05 GMT
Received 24/08 12.54
Your complaint about the FCA in relation to FundingSecure Ltd.
We write further to our previous correspondence dated 24 February 2022 to provide you with a further update following the deferral of your complaint.
Following a further review, we have agreed to maintain the deferral of our investigation into your complaint. This is because the FCA’s Enforcement investigation into FundingSecure Ltd remains ongoing. Unfortunately, due to confidentiality obligations set out in section 348 of the Financial Services and Markets Act 2000 (FSMA), and for policy reasons which are explained on our website, we are unable to provide you with specific details about the ongoing investigation because there are limits on the information the FCA can share.
Due to the ongoing regulatory action, the investigation of your complaint will remain deferred until such action ends, in accordance with paragraph 3.7 of the Complaints Scheme. We appreciate that this is frustrating, and that you have been waiting for a response and closure on this matter for some time.
We will review the status of your complaint again in six months’ time or on the conclusion of the Enforcement action (whichever is sooner) and write to you again about whether your complaint will remain deferred.
Yours sincerely
FCA Complaints Team Risk & Compliance Oversight Division Telephone: 020 7066 9870 Email: Complaints.Scheme@fca.org.uk
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rogerthat
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FundingSecure (FS) in Administration
HELP (FS)
Jul 20, 2022 15:50:03 GMT
Post by rogerthat on Jul 20, 2022 15:50:03 GMT
I wonder if anyone could help with regard to the last two emails from Admins regarding notification of the e/wallet account etc...I will try to be brief. After the possible outcome of the Art Loans in particular around March of this year, and what appears to be final outcome of those loans, I stepped away from P2P altogether in an attempt to protect my sanity. Sadly, in the last few weeks a close relation has died and im now saddled (and that's what it's turning out to be) as next of kin and therefore his personal representative. Do I understand correctly that the ewallet is the total of any available cash and any pending withdrawals (none) that were frozen and NOT the totals relating to investments that went tits up in October 2019. If that is correct the total for both Main and IFISA = £3.94 so insignificant. However the investment + accrued is another matter. I'm too embarrassed to state it.
If I do not contact ebladon@boodlehatfield.com by 25th July will I negate any other legal claims/rights I have further down the line, if indeed any exist at all. ?
Apologies for airing my dirty linen in public but I'm short of options atm.
Please PM me if preferred..thanks.
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rogerthat
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Post by rogerthat on Mar 7, 2022 15:26:53 GMT
Unfortunately, based on what the initial calculations have provisionally projected from any recoveries, I shall have to wait until the 'free edition' is published. My last hope of recovering even a fraction of the 'investments' I made in Funding Secure overall, have now disappeared with this judgement. I was certainly correct about my Ides of March comment on FB. Little did I realise it would be me that should have heeded the warning. And on my birthday too...oh the irony.
In late January last year, I responded to a post on the Art Loan thread, regarding the 30/70% allocation, suggesting that the OP had got the %ages the wrong way round, based on my assumption that 30% would go to the investors and 70% to the litigants, less their legal costs. The post only attracted one response, suggesting that in fact I'd got it the wrong way round and that the OP was correct.
So where did this 30/70 split come from ? All incidental of course, as it seems that the litigants will get 84.5%
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rogerthat
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Post by rogerthat on Mar 3, 2022 10:20:05 GMT
I am confused...as usual. Could someone clarify which 'Art Loans' these are first before I say anything else I was in the Picasso, Auerbach, Lowry & Chagall Thanks
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rogerthat
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Post by rogerthat on Feb 25, 2022 14:45:53 GMT
As a country bumpkin, please excuse me for having the temerity to bring this up but I note that the "illustrative" recoveries recently provided by CG & Co on this and various other 'resolved' loans, carry the following note attached:-
"Please note that the above calculation is being provided for illustrative purposes only and is subject to change. The Joint Administrators and the Creditors’ Committee are currently finalising a sum to be deducted from all loans in order to fund the ongoing expenses of the Administration for the benefit of all Investors and Creditors which will be applied to the above calculation. The final sum available to Investors will be confirmed in due course, once both the position is resolved with the Creditors’ Committee and funds are able to be released back to Investors."
That being the case, are CG & Co's 2.5% Fees + unrecoverable (to lenders) VAT merely a 'cut' of any recoveries and are not representative in any shape or form of the true cost involved. In which case why was 2.5% +VAT agreed in the first place ? Maybe I've been asleep at the wheel (very likely) but I also note that The Directors Cut (no, not the fillum) of 5%? was it, is also missing from these latest projections. I seem to remember that the FS 5% insult was seemingly awaiting adjudication and had been set aside pending legal judgement. Has that been resolved. ? Wasn't there a request on this platform once to 'shout out' and notify the CC where this had been levied against previous loans settlements and if so, will there be any retrospective accounting for this ? As for this particular loan I see that in excess of a cool £1/4million has vapourised on three particular costs..Borrowers Administrator costs & disbursements ..say what ! £70K and "Security" of £107K ..remind me , wasn't this the property that spontaneously ignited with security allegedly on site ? 'Other Property Costs' £50K
I'll get back to my turnips.
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rogerthat
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Post by rogerthat on Feb 24, 2022 20:13:58 GMT
Tried to click on link and it says "You do not have permission to access this post.". Is it working for anyone else? Probably shouting out without thinking but I seem to recall that you had to enrol or sign up to FS DD to be able to access those segregated posts. I notice you have very few posts...maybe someone more informed than me will respond to your post. I have read as much as I can of 'the judgement' ..it's an extremely long read. When you click on the link (above ), does it take you to another identical link on the FS DD thread ?
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rogerthat
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Post by rogerthat on Feb 24, 2022 14:24:40 GMT
Land in Lytham St Annes - 1st facility - 2nd tranche - Loan Update
Loan Reference: 3032624398 and various others An update has just been added to a loan that you have an investment in.
UPDATE:
The litigation for this matter is continuing. Certain aspects of the Judgments are being appealed and an appeal hearing has recently taken place with the outcome due over the coming months
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rogerthat
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Post by rogerthat on Jan 31, 2022 18:02:07 GMT
24 mins ago There has been issues with the service of the demand and it has not been possible to appoint receivers to date. We have approached new solicitors in order to re-serve demand correctly and take this forward to appointment of receivers.
How is this even possible? After YEARS, they haven't even been able to properly serve the demand?? This might be a case of serious neglect of duty, and I am extremely disappointed with the way this loan has been dealt with. An extremely easy loan, low LTV, beautiful collateral, newly build, with one of the two houses already sold... what have they been waiting for? what have they been waiting for? Probably waiting until 'imaginary costs' exceed what should and could have been recovered, to justify their ineptness. Utterly appalling.
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