ozboy
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Post by ozboy on Jun 26, 2019 18:55:20 GMT
I'm always very VERY suspicious when that happens. Who knows Who? Who knows What? Who's connected with/to Who? Who has "information" provided from Who? Who is in bed with Who? Etc. I think you get my drift. I have about as much faith that 185k actually happened as I have in that interim visit to a certain building site in the NW which then jumped up the value. It must be just as easy to enter a number into a database of investors to assist confidence as it is to turn out an update or ten - again to assist confidence.
Or is that just me having lost all faith in a platform - hmmmm......... Oh bugs4me, I'm attracted to an intelligent man. I like you!
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ozboy
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Post by ozboy on Jun 26, 2019 18:49:37 GMT
The Regulator is shedding crocodile tears. Nothing meaningful was done 2 years ago when there would have been opportunity to curtail management excesses. It was their remit to Regulate the industry, not simply to Regulate the platform demise in which we are involved. Even that is looking increasingly as though it is going to be paid for with cash which should be being released back to the relevant investors. The whole thing is just a shabby and sordid tale of missed opportunity from beginning to end. Shame on then I say. Ah, you will quickly learn, if you haven't already, that The FCA, as well as The Government, The Administrators, RICS and Everyone Else Involved don't know the meaning of shame, and couldn't give a toss about you. But you already know all this brightspark don't you.
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ozboy
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Post by ozboy on Jun 26, 2019 18:41:05 GMT
Been with HNW for about 18 months, Ben does indeed get back to you reasonably swiftly, even when he's in Spain sucking Sangria. Professional & businesslike attitude with late payers (ie hard) and most other Platforms could learn from this. Except most couldn't care less. Valuations seem to be within reasonable tolerances. Website is basic & old fashioned, hard to get to grips with, takes time to understand. £500 minimum Withdrawal though which is a real pain. And £75 Fee (I think) if you move your IFISA away from them. Otherwise I am happy. This is most definitely not investment advice, do your own Due Diligence you lazy fornicators.
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ozboy
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Post by ozboy on Jun 26, 2019 16:17:52 GMT
Oh, methinks 11025 has also uncovered some buried gems with his little spade.
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ozboy
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Post by ozboy on Jun 26, 2019 16:13:58 GMT
Asset is currently 100% unencumbered. This loan will be used partly refurb another site already owned by the borrower and partly to purchase a third site. A further, separate loan for £206k will be launched to raise further funds for the purchase of that third site. I'm inferring that additional loan will be wholly secured against that third site, so there will be no change to this loan's LTV. This loan's exit is a refinance but without any evidence of successful trading there can be little certainty such refinance will be forthcoming. Also, 12 months before FS even begin to think about looking at this is too long for me. fundingsecure - maybe you could do two things to make this loan more attractive: 1) advise on what scrutiny the claimed financials have been put under 2) arrange for quarterly audits of the financials going forward As things stand, not one for me.
Someone has a lot of confidence in FS and the 2 petrol station loans. A nice big chunk has been invested in both loans. £185k in total from the same lender.
I'm always very VERY suspicious when that happens. Who knows Who? Who knows What? Who's connected with/to Who? Who has "information" provided from Who? Who is in bed with Who? Etc. I think you get my drift.
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ozboy
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Post by ozboy on Jun 26, 2019 10:30:02 GMT
who did the valuation on these loans......only found out yesterday that some un known person is bankrupt over this …..where are the facts about this and the facts about the criminal L T V on this loan.....how was it set up ….what did the person put up for this …..they were trying to sell 2 over priced sheds.....the cowboys at fs should never have lent other peoples money on this mess.....as the facts I now have.....the cowboys have made a lot of these poor loans......and don't know how to deal with recovery of funds …..they give no info and the loans just go unpaid …..I signed up for 6 month loans.....not 3 year ones …..with no interest paid …..and lost on money put in to loans /……..15% return ….with all interest lost …...and all add on loans here 100% lost ….. I think every one knows that funding secure are completely incompetent now...Unfortunately, no, Loans still fill. Albeit rather much more slowly these well informed days. Some should be in the dock, you know, they're better suited to loading crates on ships etc.
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ozboy
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Post by ozboy on Jun 26, 2019 10:18:11 GMT
It's all so obviously a massive stitch-up. By who? You decide. Against who? Well we all know that, Investors! As depressingly usual. Just WHEN will The FCA Idiots wake up, do their job, and start prosecuting people?!!
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ozboy
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Post by ozboy on Jun 25, 2019 16:29:11 GMT
9% return - is this before or after the Finland Revenue get their share? Did they mean Fenland council? Maybe Finland council does exist. Surely with new FS management they would try to get everything correct seeing that old management was a little relaxed about everything. " relaxed", Ha! that's a good one. I learn a new synonym every day on here for [insert your own descriptive word for FS' "management" here].
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ozboy
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Post by ozboy on Jun 25, 2019 14:58:44 GMT
Yeah, a whole two minutes, at the very end/conclusion. After two hours and forty one minutes of discussing Woodford, Hargreaves Lansdown, GRG, RBS, TSB, London Capital Finance, etc, etc.We need MUCH more publicity about our Complaints with Asset Backed P2P Lending or we will be drowned out by the aforementioned bigger problems engulfing The FCA. SO, again, everyone reading this, if you have suffered you must write to The FCA, FSCS, Complaints Commissioner, Treasury Committee, your MP, RICS (re dodgy Valuations) and everyone else you can think of - we need far more visibility!It's not difficult with a "template" letter. And don't forget Lendy! (If it's any comfort COL got marginally longer coverage, although not sure that's a prize to be pleased with.) Does highlight just how big the pond of financial 'dissatisfaction' is at the moment and just how small P2P, Lendy and COL are in comparison. I was mildly satisfied with the FCA's acknowledgement of their responsibilities and realisation that the Register wasn't fit for purpose. I don't get why he was so keen on the 'Interim Permission' emphasis. To my way of thinking, if a Firm is only on IP, they should be marked for greater scrutiny by the FCA and the Register cock-up should have not been allowed to happen (or, at least, not be allowed to remain on public display for so long). My thinking is that Bailey's warped thinking is that if The FCA can get a prosecution for unauthorised tampering with the Register then that's the end of it, he'll be happy with that, job done, The FCA being seen as having done something, and on to the next FCA problem Case, washing his hands of Collateral because in his mind the case is now closed - they've got a prosecution?!
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ozboy
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Post by ozboy on Jun 25, 2019 12:40:13 GMT
Yeah, a whole two minutes, at the very end/conclusion. After two hours and forty one minutes of discussing Woodford, Hargreaves Lansdown, GRG, RBS, TSB, London Capital Finance, etc, etc.
We need MUCH more publicity about our Complaints with Asset Backed P2P Lending or we will be drowned out by the aforementioned bigger problems engulfing The FCA.
SO, again, everyone reading this, if you have suffered you must write to The FCA, FSCS, Complaints Commissioner, Treasury Committee, your MP, RICS (re dodgy Valuations) and everyone else you can think of - we need far more visibility!
It's not difficult with a "template" letter.
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ozboy
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Post by ozboy on Jun 24, 2019 17:50:24 GMT
The result was £24,892. That means this poll was actually a good predictor of the outcome on this occasion. While only a 15% recovery this is better than I thought this would get. Still a horrible loss. Completely misleading prospectus, there were never 5 homes against which this loan was secured. The two homes that did exist had a recovery value of less than a third of the published value. If I had more time on my hands I would be complaining, but in all honesty I can't be bothered and am glad to just get something back.Whilst I completely understand pip, wrong attitude. You, me and Other Investors cannot allow FS to get away with This and The Many Others. If you do, nothing will be learned, you are basically condoning it, and it will continue. FS (and Borrower/s and Middlemen) must be held accountable. Preferably in a court of law.
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ozboy
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Post by ozboy on Jun 24, 2019 17:37:18 GMT
I believe that Andrew Bailey's remuneration is close on £600K pa. With disaster after disaster at The FCA happening on an almost weekly basis these days such a reward for Gross Incompetence beggars belief. But this is Government, so I guess it makes him highly qualified and a shoe-in for The Bank of England jobbie?!!!
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ozboy
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Post by ozboy on Jun 24, 2019 17:28:35 GMT
A site visit by FundingSecure was performed on June 6, 2016.
Estimated current value: £500,000wonder who the FS person was, not too big a price his first name was Stevie, i wonder This forms part of my official complaint now in the hands of FS who only have a few more weeks to respond. Mind you, the security was worth £800,000.00 when I invested, safe as houses. There's no excuse for this one and many others, just sheer negligence, incompetence and a blatant disregard for lenders funds.Yep, but some are still investing with them!!!! And The Flagwavers think they're good peeps.
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ozboy
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Post by ozboy on Jun 24, 2019 13:08:05 GMT
"And that statement encapsulates and is our entire Case, M'Lord."
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ozboy
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Post by ozboy on Jun 24, 2019 13:03:15 GMT
And dishonesty is a two, or three, or even four way street 09dolphin?
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