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Post by valuehunter on Feb 3, 2018 17:17:47 GMT
Our agent has completed the requisite report on value in readiness for any recovery action. In the meantime, we have been engaging with the borrower and expect to receive his settlement proposals shortly. In the event that these are not received and/or are insufficient to settle the outstanding balance owed, we shall review with our solicitors the best method of enforcing the loan.So was the valuation report indicative that the value is as originally indicated, or has it suddenly dropped to be a small fraction of the former. This update, once again lack detail that allows an informed decision on this investment. Sounds like this will be heading for suspension/default like many others and Lendy does not want to give a statement that they know it is going that way. I think you may have the wrong loan webwizard latest update states: 02/02/2018 The new second charge loan formalities are being checked with our solicitors and should be completed soon, after which further loan tranches will be added to the platform.
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Post by valuehunter on Feb 2, 2018 17:58:52 GMT
Was this pulled?
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Post by valuehunter on Jan 26, 2018 8:45:38 GMT
I think the point is that DFL tranches are generally released AHEAD of the work they are supposed to pay for .. so yeah, you can take a £2M loan (tranche 1) against a £17M GDV, but until you do some development the lenders are swinging in the breeze. Ah! I didn't know this; I thought it was standard practise to pay in arrears...time to take another look through the dfl part of my portfolio!
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Post by valuehunter on Nov 19, 2017 14:06:30 GMT
They said I've missed the 30 day cut off since the offer changed, so just the 25.
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uOwn
Uown
Nov 15, 2017 18:05:01 GMT
Post by valuehunter on Nov 15, 2017 18:05:01 GMT
Very welcome, thanks for sharing.
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Post by valuehunter on Nov 15, 2017 18:03:50 GMT
I squeaked in and received my £50 on Oct 31st, Presumably the new rate applies for new introductions going forward, not retrospectively as I'm hoping for another payment for a colleague who joined a few weeks back? You would presume so, dermot , after all the referral email will have been offering £50 at that time, so you would expect Unbolted to honour that. It certainly wouldn't leave a good first impression to any new investor, were they to find only 50% of their advertised new customer reward had been paid. I've just been credited £25 though the email stated £50 for me. Hopefully it's automatic and they'll honour the extra... I've sent them an email, will report back
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Post by valuehunter on Nov 14, 2017 12:57:22 GMT
I'm at 1.5x my max on this one. It's a big loan, I'm guessing others are full too rather than there being anything amiss.
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Post by valuehunter on Nov 11, 2017 18:30:46 GMT
Anything in the pipeline huddlecapital? I've got interest burning a hole in my account!
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uOwn
Uown
Nov 11, 2017 18:14:34 GMT
Post by valuehunter on Nov 11, 2017 18:14:34 GMT
This promotion won't convince me to add more...couldn't agree more with Steerpike, we need an exit to build confidence Overall I love the returns, the website and platform as a whole so really routing for uown to get this sorted ASAP
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Post by valuehunter on Nov 10, 2017 19:41:45 GMT
Have the recent business loans come under the 'bespoke' auto lend? I don't have auto lend on for those, but I've manually allocated on 2/3 recent ones (missed out on today's). I think UB would be crazy to stop new investors coming in to give bigger allocations to current lenders. It's not like Growth Street where the returns have dropped. GS did crazy thing. Bless them. Very generous offer to attract new investors, but it will backfire next year when people get their bonuses and withdraw because of fallen returns and increasing cash drag. Indeed! I shall be one of them
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Post by valuehunter on Nov 10, 2017 18:23:09 GMT
Managed to pick up some more 14% bolton...the best value tranche by some distance IMHO
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Post by valuehunter on Nov 9, 2017 20:13:40 GMT
In for the bling I notice - even though I am trying to diversify across different platforms I am trapped in a world of property investment. Same! Unbolted is worth a look if you're struggling for diversity
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Post by valuehunter on Nov 9, 2017 13:04:14 GMT
I was on the fence with this one but the introduction of cashback means I'll be giving it a miss. As a SH 0.25% doesn't add enough value to compensate for the increased potential loss of liquidity throughout the duration of the loan.
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Post by valuehunter on Oct 12, 2017 11:56:05 GMT
8 out of 8. On the toilet laptop on knee
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Post by valuehunter on Oct 4, 2017 21:08:50 GMT
Some nice tips there Steve...the new hat's a real beaut btw
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