hazellend
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Post by hazellend on Apr 11, 2018 21:54:48 GMT
Update sounded positive.
I can’t see photos attached though
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Post by funkymonkey on Apr 12, 2018 6:47:41 GMT
The only photos I can see are the ones on the main loan details page, but I'm pretty sure these have been there all along
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78
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Post by 78 on Apr 12, 2018 7:03:12 GMT
From the surveyors report the new lift costing £55K was onsite and the lift work 75% complete on 1st June 2017. Now they are saying the lift is still not completed ....
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78
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Post by 78 on Apr 12, 2018 7:11:49 GMT
I notice the valuations provided for the property are with vacant possession or the alternative of being fully yet. Neither of these will be possible due to the lease(s) in place of part(s) of the property which will hurt the value of the property if it needs to be sold. The valuer will be off the hook if it is sold for less.
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Post by Deleted on Apr 12, 2018 7:17:53 GMT
Not worried by leases being in place, that is part of the value to anyone wanting to take ownership with in situ cash flow Pity the photos were not included Pity the promise visit date did not occur when it was supposed to happen. Ed needs to crack the whip and get his people to do what they promise to do when they promised to do it. I'm still going to increase my lending on this deal.
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Post by MoneyThing on Apr 12, 2018 7:25:34 GMT
Not worried by leases being in place, that is part of the value to anyone wanting to take ownership with in situ cash flow Pity the photos were not included Pity the promise visit date did not occur when it was supposed to happen. Ed needs to crack the whip and get his people to do what they promise to do when they promised to do it. I'm still going to increase my lending on this deal. Apologies. The couple of photos are now included (the 'read more...' link didn't update yesterday for some reason). Unfortunately half-term, children and illness got in the way to undertake the site visit sooner. Regards, Ed.
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jonno
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nil satis nisi optimum
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Post by jonno on Apr 12, 2018 8:50:38 GMT
This lift issue sounds worrying on so many levels.
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hazellend
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Post by hazellend on Apr 12, 2018 11:06:20 GMT
This lift issue sounds worrying on so many levels. Not at all really
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Yintara
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Post by Yintara on Apr 13, 2018 10:41:00 GMT
This lift issue sounds worrying on so many levels. Maybe the next update will lift your spirits.
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jonno
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nil satis nisi optimum
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Post by jonno on Apr 13, 2018 11:37:42 GMT
This lift issue sounds worrying on so many levels. Maybe the next update will lift your spirits. I should have guessed someone would seek to escalate this issue.
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r00lish67
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Post by r00lish67 on Apr 13, 2018 12:35:02 GMT
Maybe the next update will lift your spirits. I should have guessed someone would seek to escalate this issue. Don't listen to him jonno, you can rise above it.
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Apr 13, 2018 13:52:19 GMT
I should have guessed someone would seek to escalate this issue. Don't listen to him jonno, you can rise above it. I already have................but that's another storey.
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Post by marcusponds on Apr 13, 2018 16:21:17 GMT
is there an emoji for GROAN? No? I'm floored.,
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jlend
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Post by jlend on Apr 23, 2018 12:33:37 GMT
I see another charge was registered against the property in feb 2018 related to an additional loan
2.5% a month interest
I trust this loan is also non performing....
Due to be paid back in august 2018.
Quite a few terms and conditions, eg right to appoint an administrator.
I assume the interest on the MT loan would get paid back before the interest and capital on this additional loan?
I do not recall MT mentioning this. I think they should for completeness. Lenders were told the advance before xmas was sufficient to finish the property.
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btc
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Post by btc on Apr 23, 2018 13:58:24 GMT
I smell another bankruptcy coming along, it's only our money.
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