blata
Posts: 77 
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Post by blata on Oct 11, 2017 17:31:49 GMT
Just wondering, there are default loans shown, pipeline etc, cant find a tab for suspended loans and therefore any updated info on these
Does it Exist?
Ie DFL 1/2, Castle , DFL17, I unfortunately have a bit in these and they have gone, are lendy hiding this information or am I being stupid.
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Liz
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Post by Liz on Oct 11, 2017 17:42:10 GMT
Just wondering, there are default loans shown, pipeline etc, cant find a tab for suspended loans and therefore any updated info on these Does it Exist? Ie DFL 1/2, Castle , DFL17, I unfortunately have a bit in these and they have gone, are lendy hiding this information or am I being stupid. IMO they should be in the Default section and not be in the live loan section. No, they aren't listed anywhere else. Loans are either good or bad and these are apparently good.
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moist
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Post by moist on Oct 11, 2017 18:05:49 GMT
Nope You just have to avoid them - which is a given as you can't invest in them in the first place  I guess I'll update my DB in the coming days to highlight the suspended loans way its going, just a big star against them all....
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treeman
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Post by treeman on Oct 11, 2017 18:53:13 GMT
My last bits in DFL17 were still working their way (slowly) through the queue  - can't make my mind up whether to cancel the sale or just leave it. Don't imagine interest is likely to come into the equation now....... |
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izigor
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Post by izigor on Oct 11, 2017 19:07:48 GMT
If you're going for visual cues, how about:  for a suspended loan  Ouch I can feel the noose tightening everyday that goes past. Awaiting tomorrows update .. holding my breath in anticipation that the borrower has found the money tree just like Mrs May has..
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sarahcount
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Post by sarahcount on Oct 11, 2017 19:25:35 GMT
Looks like PBL084 and its younger more adventurous sibling PBL166 are also suspended. I stayed in 084 comforted by the fact that 166 was a second charge but not so sure that was a wise move now. If you know anyone who is in the market for a property with a very large garden please contact Lendy.
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sand2880
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Post by sand2880 on Oct 11, 2017 20:26:36 GMT
Have to admit I cancelled my for sale parts in DFL017 even though until suspension they were making progress through the sales queue.
DFL017 is still listed in Live Loans tab but not default or available tabs....rather these be in default than no man land!
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GeorgeT
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Post by GeorgeT on Oct 11, 2017 20:51:34 GMT
DFL17 seems an unusual case in that it had 190 days+ still on the original term and therefore I am asking myself whether interest will still be payable on the basis that the interest for the full term was deducted from the loan upfront and will be held by Lendy?
Interesting that this is another sub 12% loan (ie lower risk according to LY) that has gone bad.
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Post by martin44 on Oct 11, 2017 21:50:13 GMT
If you're going for visual cues, how about: for a suspended loan Ouch I can feel the noose tightening everyday that goes past. Awaiting tomorrows update .. holding my breath in anticipation that the borrower has found the money tree just like Mrs May has.. Now Now... i'm sure you meant to say Mr Corbin.
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ped
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Post by ped on Oct 11, 2017 22:37:01 GMT
Please let me know if I have missed any D1, D2, D16, D17, 189, 155, 84 &166 all now suspended from SM sales total 27M add this to the 23M in default as I think LY should, that is not making things look so rosey right now. |
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Post by p2plender on Oct 11, 2017 23:06:04 GMT
Please let me know if I have missed any D1, D2, D16, D17, 189, 155, 84 &166 all now suspended from SM sales total 27M add this to the 23M in default as I think LY should, that is not making things look so rosey right now. The rosey tinted spec brigade are really going to struggle now I'd have thought..
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twoheads
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Programming
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Post by twoheads on Oct 11, 2017 23:25:21 GMT
I sincerely hope that it works out for all those still invested in Lendy.
Currently it doesn't look good. A decent reduction in the default list would help somewhat. And the recent repayments have been capital only (good in the sense of no capital loss), but not interest accrued or bonus (bad).
It is a little misleading that the SM total keeps reducing when a lot of the reduction is due simply to suspending loans. Many investors with Lendy derive their confidence from the SM liquidity and this 'engineered' reduction may lead to a false sense of security that the SM is, once again, going to give investors the quick 'out' that historically meant that Lendy could be used as an instant access savings account.
The biggest problem in my opinion is the DFLs and that we have not seen a single DFL come to fruition. There are certainly a few DFLs that look perfectly solid and well run but I will not reinvest in Lendy until I see several successful DFL completions. That could take a while.
And the valuations... sorry another time.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Oct 11, 2017 23:38:07 GMT
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Post by martin44 on Oct 11, 2017 23:43:44 GMT
Are you sure that's a ' non-performer'... or is it a defaulted ' perrrformer'... Oh i get so muddled.
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cwah
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Post by cwah on Oct 12, 2017 2:09:01 GMT
Whats this FCA thing? Is it mandatory? I have 4 loans suspended and other in default.
I only picked low LTV ones and described as safe but it seems not!!!
How much money will I loose? I invested too much in lendy its years and years of savings lost
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- can't make my mind up whether to cancel the sale or just leave it. Don't imagine interest is likely to come into the equation now.......
