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Post by brummiefred on Sept 14, 2017 14:13:07 GMT
It seems that two blocks of land have been sold. The option land available at £140k and 20 acres of the 26acres attached to the buildings. So £740 less £140 less say £120 now valued at average £525!!!
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Post by brummiefred on Sept 13, 2017 19:07:24 GMT
Which is why I can never buy on the SM!
But, following information in an earlier post, sell loan parts before maturity and accrue capital gains instead of taxable interest.
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Post by brummiefred on Aug 28, 2017 11:19:33 GMT
My apologies if this is slightly off topic, but, in the case of a defaulting property development loan, I won't name the ones I'm thinking of though I'm sure you will know, could we not, as first charge holders, repossess the property, engage the IMS as project manager, for a fee of course, and complete the scheme (maybe for the sum that the IMS has advised!) and then sell at the enhanced GDV which should cover the capital and interest due, or else expose the exaggeration of the initial presentation. MoneyThing
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Post by brummiefred on Aug 24, 2017 10:46:52 GMT
Mmmm, a wedding venue with accomodation and then residential development, subject to planning, in green belt within the environs of a Grade 2 listed building!!
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Post by brummiefred on Aug 23, 2017 18:18:18 GMT
Then contradicted in the details, Minimum terminal 5yrs, maturity 2026.
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Post by brummiefred on Aug 23, 2017 18:10:44 GMT
The details state annual payments (@6%) and number of payments stated as 60. Confirmed by bottom line, loan term in months 720.?
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Post by brummiefred on Aug 1, 2017 12:51:19 GMT
Fully funded in short order with only 37 investors.
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Post by brummiefred on Jul 27, 2017 11:37:57 GMT
Forgive me, it's my error, using a small screen and not scrolling down!!
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Ablrate (ABL) in Administration
Holiday Park
Jul 27, 2017 9:03:09 GMT
Post by brummiefred on Jul 27, 2017 9:03:09 GMT
Transparency would be nice on the interest. The loan contract specific to the Holiday Park states:
7.5 Interest and Fees in respect of any prepayment shall be calculated up to the Repayment Date following receipt of funds.
Would Ablrate please explain how the amount paid in interest has been calculated? Interest was calculated on the full outstanding amount for 7 days. This does not work out correctly in my case! I received my repayment in two tranches but interest only on the first part!?
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Post by brummiefred on Jul 26, 2017 20:03:28 GMT
Two separate amounts of capital repaid but still a strange amount short of 5/7ths!!! Even when adding the small amount of interest it is still not 5/7ths, but not a problem until final settlement when numbers can be reconciled.
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Ablrate (ABL) in Administration
Holiday Park
Jul 26, 2017 17:45:29 GMT
Post by brummiefred on Jul 26, 2017 17:45:29 GMT
Two separate amounts of capital repaid but still a strange amount short of 5/7ths!!!
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Post by brummiefred on Jun 15, 2017 10:32:50 GMT
Previously overdue Purley 139 now repaid, well done
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Post by brummiefred on Jun 11, 2017 16:37:13 GMT
I like to think that I'm not without some grey matter but I have to confess that I didn't appreciate the difference between the deficit and the national debt, probably because politicians don't really want us to, but then I saw a discussion between Victoria Derbyshire and Andrew Mitchell, he who believes that rules are for others, during which I was staggered to learn that George Osborne austerity package to reduce the deficit by 2015/2020/2050 or whenever has managed to double our national debt. Now we have JC, somewhat apt maybe, promising the magic money tree policies, and who wouldn't vote for free this and free that when only 5% are footing the bill, then what would our debt be then, I shudder to think.
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Post by brummiefred on May 18, 2017 21:27:38 GMT
I'm surprised you have 56 loans in 6 months! I've managed just 3 in 3 months!
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Post by brummiefred on May 18, 2017 20:24:33 GMT
Is it that clear? From HMRC Guidance PSA 28Sept '16; If you're a basic rate taxpayer you'll be able to earn up to £1000 on savings income tax free. Higher rate taxpayers will be able to earn up to £500. But what counts as savings income? Bank and building society accounts, credit unions or NS&I. No mention of P2P!
However, elsewhere on Gov.uk Tax on savings interest, P2P is included under the sub-heading Savings covered by your allowance.
The 'starting rate for savings' is another matter, that few will qualify. How many earning less than £11,500 would earn £5000 interest to maximise the benefit? Mrs C or Mrs O perhaps!
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