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Post by MoneyThing on Oct 19, 2018 17:42:16 GMT
Evening. Update added to platform. Regards, Ed.
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Post by MoneyThing on Oct 19, 2018 14:47:40 GMT
Afternoon. Update on the platform (funds received and initial distribution to lenders being processed shortly). Regards, Ed. The link to the attached document appears to be broken ("404 Not Found - Page not fund" [sic]) Apologies - there was an erroneous " ' " in the file name which the system did not like. Regards, Ed.
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Post by MoneyThing on Oct 19, 2018 14:27:06 GMT
Afternoon. Update on the platform (funds received and initial distribution to lenders being processed shortly). Regards, Ed.
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Post by MoneyThing on Oct 19, 2018 10:39:28 GMT
Morning. Update added to the platform. Regards, Ed.
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Post by MoneyThing on Oct 12, 2018 20:48:01 GMT
Hi MoneyThing On the initial recovery statement, please can you advise what is covered in the line 'contribution to costs'? Evening ptr120, You will note costs with respect to Bailey Partnership & Sub-Contractors for works which were carried out on behalf of the purchasers. This cost was recharged to the purchasers which forms the 'contribution to costs'. Regards, Ed
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Post by MoneyThing on Oct 12, 2018 19:42:56 GMT
Wow - that was a quick bit of money shifting, MoneyThing . Great % recovery too. I now just have to sort out what to do with the money...! ...well...erm...I know what we would like you to do with the money...
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Post by MoneyThing on Oct 12, 2018 15:48:32 GMT
Afternoon. Update added to the platform (sale has just completed). Regards, Ed.
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Post by MoneyThing on Oct 12, 2018 11:21:37 GMT
Afternoon. FAQs uploaded. Regards, Ed
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Post by MoneyThing on Oct 11, 2018 10:03:34 GMT
One other minor point - small typos on the loan details - there is no space between the 2 character and 10 character part of the borrowing company name, and a subsequent mention of the company name omits the 2 character part completely. The company has a 12 character name. Thanks. Corrected.
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Post by MoneyThing on Oct 11, 2018 9:42:12 GMT
Morning. Thanks all - please keep the posts/queries coming and we will look to capture them in a FAQs before the loan goes live. Regards, Ed.
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Post by MoneyThing on Oct 11, 2018 8:16:04 GMT
Thanks. Investigating now... Ed Should be fixed now. Regards, Ed.
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Post by MoneyThing on Oct 11, 2018 8:09:34 GMT
Thanks. Investigating now... Ed
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Post by MoneyThing on Oct 11, 2018 7:11:23 GMT
I encountered a hiccup on SM today also, but slightly different: I put up a loan part for sale and it showed as such under My Loans but was not listed on the main Loans page, so no buyer could purchase it. Attempting to cancel the sale resulted in an error message saying it had already been sold despite no record of this in my account history. The cancel sale button started working about 5 mins after I'd dispatched a query to customer service and I was able to re-list it as normal afterwards. I've never encountered this before despite a good amount of buying and selling. Perhaps there was a software upgrade recently? I get the feeling that MT had a hectic day -- ground rent loan partial repayments, getting the latest loan offer online, even my deposit at 13.00h has not been dealt with 10h later: most uncharacteristic. Morning eascogo. Please can you check your bank as your deposit has not yet arrived. We reconcile to the penny at the end of each day and it all balanced yesterday and I have checked this morning and have credited a number of further deposits received overnight but yours was not amongst them). Regards, Ed.
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Post by MoneyThing on Oct 10, 2018 12:44:34 GMT
I was just perusing the calendar on my kitchen wall for notable events and happenings over the next week or so and staring out at me is an entry for 19 October regarding the expected exchange of contracts and completion of the sale of the property behind this loan. Not long to wait now. Afternoon georget. Just to note that contracts have already exchanged (and completion date is set for the 19th). Regards, Ed.
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Post by MoneyThing on Oct 10, 2018 12:38:34 GMT
I am coming to the conclusion that the Moneything ISA is not sustainable for me. When the new loans were coming, I transferred in a couple of tranches, and could use the non-ISA account as a "holding" position prior to transferring investments (sorry - selling and rebuying on the SM) into the ISA. However, repayments and lack of new loans means that I now have well over 50% non-invested, and have had so for many months, meaning massive and unacceptably high cash drag. 50% of 12% is 6% interest, and I can get that with less risk, and less input/DD/FFF, elsewhere. Sure, it's a flexible ISA so I could withdraw the cash balance and earn interest elsewhere, but then it's taxable and defeats the purpose of the ISA. So in the absence of any indication of a decent pipeline I am thinking of taking the £50 transfer hit and saying a somewhat reluctant goodbye to MT. EDIT: and of course the £50 fee is a massive disincentive to transfer only part of the ISA - it makes it an all or nothing decision without foregoing too high a proportion of interest earned to date (since I am only talking a high 5 figure sum here - really not easy to get any more than that invested on MT with the bid limits on new loans). Acknowledged. Can I suggest that you might wish to hold on a little while longer. With our new sales person on board we are seeing a significant increase in deals coming in at the top of the funnel which some will start to trickle down on to the platform soon. Kind regards, Ed.
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