rs
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Post by rs on Jun 2, 2017 20:28:28 GMT
I only have a relatively small amount in this "investment".
When people are giving advice about how to complain to a regulator I'd guess some people are more than really fed up and, given the information we have available, who can blame them?
My view is FS need to be honest with investors. Tell us why they agreed the extra tranches/loans when the facts apparently don't support the extra investments. FS appear to have acknowledged that the value of the investment doesn't match with the 70% of the maximum LTV in their updates. If they were misled by dishonest photos or updates provided by the borrower tell us and tell us what they propose to do. All we want is information about our money and that's not so unreasonable.
A very fair and very reasonable comment & request 09dolphin. Will FS respond in an equally reasonable manner? i have faith in fs that this will be paid so just wait till Dec 2017.
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rs
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FundingSecure (FS) in Administration
C****s Quarry (FS)
Jun 2, 2017 20:25:37 GMT
via mobile
Post by rs on Jun 2, 2017 20:25:37 GMT
That fall in value is worrying! Just shows the original value had a lot of "hope" value, not good. I avoided, I just think there are safer loans if you are patient. any update on this loan fs?
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rs
Member of DD Central
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Likes: 254
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FundingSecure (FS) in Administration
Bentley Bentayga
Jun 2, 2017 20:21:59 GMT
via mobile
Post by rs on Jun 2, 2017 20:21:59 GMT
This one was one of my favourite loans in my FS portfolio but somehow has been already repaid today! bently bentayga on fs earlier today, a 1 yr old bentayga can be worth about £170k so seems odd that there are no valuations attached to the fs posting. loan is for about £170k......!
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rs
Member of DD Central
Posts: 467
Likes: 254
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FundingSecure (FS) in Administration
Bentley Bentayga
Jun 2, 2017 20:21:24 GMT
via mobile
Post by rs on Jun 2, 2017 20:21:24 GMT
This one was one of my favourite loans in my FS portfolio but somehow has been already repaid today! bently bentayga on fs earlier today, a 1 yr old bentayga can be worth about £170k so seems odd that there are no valuations attached to the fs posting.
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rs
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Post by rs on Jun 1, 2017 12:12:42 GMT
tranche B & C sold out quickly.
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rs
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Post by rs on Jun 1, 2017 12:04:43 GMT
Thanks Filip. Look forward to it.
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rs
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Posts: 467
Likes: 254
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Post by rs on May 31, 2017 22:03:52 GMT
Based on the previous update the work was supposed to restart this week. Does any one knows if this has happened? anyone made a complaint to the FSA/fav/ or whichever regulator?
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rs
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Post by rs on May 31, 2017 21:55:28 GMT
No, it isn't. 2 months, more like. do fs have a duty to report truthful information as they were approved by fsa?
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rs
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LandlordInvest
New loan live
May 31, 2017 21:50:23 GMT
via mobile
Post by rs on May 31, 2017 21:50:23 GMT
Hi all, we have today launched a new loan on the platform. Details are as follows: - But-to-let loan - Thames Ditton
- Two joint borrowers
- Term: 36 months
- Annual Rate: 6.48% (prior to any deductions that may apply)
- Security: First charge
Further information is available on the platform.
Please remember that your Capital is at Risk and please read our Risk Warnings for further information. Financial promotion by LandlordInvest Limited (09245725), authorised and regulated by the Financial Conduct Authority (FRN 660926). any new loans expected soon?
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rs
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Post by rs on May 31, 2017 21:13:04 GMT
seems like the asset is lock up garages across various sites with a valuation which can easily be not achieved. LTv seems 76% but only if market value is achieved which in the next 2 yrs might not be. money is to buy the garages with other participants.
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rs
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Post by rs on May 31, 2017 21:11:56 GMT
Looking to raise £413k, whats the money being used for and how will it be paid off? is it for creating new capacity? seems like the asset is lock up garages across various sites with a valuation which can easily be not achieved. LTv seems 76% but only if market value is achieved which in the next 2 yrs might not be.
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rs
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Post by rs on May 31, 2017 21:10:03 GMT
Looking to raise £413k, whats the money being used for and how will it be paid off? is it for creating new capacity?
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