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Post by martin44 on Oct 21, 2017 16:10:08 GMT
I just want to say a big thank you to all the lenders who contributed to the excellent DD on this loan. As I see it the forum is working very well here and the a*******s, although preventing direct Googling, are a hindrance worth tolerating so that information can be more freely shared. I only gave you one like easylender , but looking more closely. It's actually worth 2.
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Post by charlata on Oct 21, 2017 18:59:09 GMT
I just want to say a big thank you to all the lenders who contributed to the excellent DD on this loan. As I see it the forum is working very well here and the a*******s, although preventing direct Googling, are a hindrance worth tolerating so that information can be more freely shared. Sorry, I'm new round here, does a*******s mean what I think it means?
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Post by martin44 on Oct 21, 2017 19:00:50 GMT
I just want to say a big thank you to all the lenders who contributed to the excellent DD on this loan. As I see it the forum is working very well here and the a*******s, although preventing direct Googling, are a hindrance worth tolerating so that information can be more freely shared. Sorry, I'm new round here, does a*******s mean what I think it means? Depends what you think it means.
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shimself
Member of DD Central
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Post by shimself on Oct 21, 2017 19:03:56 GMT
I just want to say a big thank you to all the lenders who contributed to the excellent DD on this loan. As I see it the forum is working very well here and the a*******s, although preventing direct Googling, are a hindrance worth tolerating so that information can be more freely shared. Sorry, I'm new round here, does a*******s mean what I think it means? Taking you on face value. asterisks *** are used so that names in full won't be picked up on google searches, the notion being that criticism which can be found in such a fashion might render the forum open to legal action by those criticised
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Post by Badly Drawn Stickman on Oct 21, 2017 19:58:06 GMT
Maybe this should be renamed the hokey cokey thread, awful lot of you in then out, then in again.
I have just read most of this thread (ok up till page 10, then skipped to the end). Personally I have decided to pass, plenty of opportunity to buy it on the SM if I change my mind I fancy. I would argue there is more benefit to passing this one by than investing. Just a few to many 'facts' appearing late in the day, and misinformation for my liking. Moneything needs to get back to basics, this is two consecutive loans that fall a long way short of well presented.
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star dust
Member of DD Central
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Post by star dust on Oct 21, 2017 20:06:44 GMT
I just want to say a big thank you to all the lenders who contributed to the excellent DD on this loan. As I see it the forum is working very well here and the a*******s, although preventing direct Googling, are a hindrance worth tolerating so that information can be more freely shared. Agreed. Although I’ve never thought it wasn’t possible, and think people make too much of the (agreed irritating) restraint of being unable to use completely unredacted information. It should be remembered though that DD isn't just for the start of a loan either, ideally it should continue throughout the duration of a loan. This could well involve companies house and land registry checks/alerts; local photos or information on site development; checking the local press; monitoring borrower's websites etc. This is all quite a bit of work, and a massive duplication of (and even cost) of effort, unless it can be pooled. It would be good to get it working on all loans across many platforms too, but that will take time. There is plenty of scope to develop such a collaborative approach further, for the benefit of all, though I feel.
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Post by martin44 on Oct 21, 2017 21:21:57 GMT
I just want to say a big thank you to all the lenders who contributed to the excellent DD on this loan. As I see it the forum is working very well here and the a*******s, although preventing direct Googling, are a hindrance worth tolerating so that information can be more freely shared. Agreed. Although I’ve never thought it wasn’t possible, and think people make too much of the (agreed irritating) restraint of being unable to use completely unredacted information. It should be remembered though that DD isn't just for the start of a loan either, ideally it should continue throughout the duration of a loan. This could well involve companies house and land registry checks/alerts; local photos or information on site development; checking the local press; monitoring borrower's websites etc. This is all quite a bit of work, and a massive duplication of (and even cost) of effort, unless it can be pooled. It would be good to get it working on all loans across many platforms too, but that will take time. There is plenty of scope to develop such a collaborative approach further, for the benefit of all, though I feel. I bet your surprised to get that like Credit where credits due. good post.
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Oct 22, 2017 7:27:02 GMT
I just want to say a big thank you to all the lenders who contributed to the excellent DD on this loan. As I see it the forum is working very well here and the a*******s, although preventing direct Googling, are a hindrance worth tolerating so that information can be more freely shared. This redacting business is being taken too far. I really don't think anyone would be offended by putting 'administrators' unredacted.
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seeingred
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Post by seeingred on Oct 22, 2017 11:28:40 GMT
Likewise BRADFORD. We are allowed ISLE OF WIGHT are we not? Also EXETER.
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robski
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Post by robski on Oct 23, 2017 10:55:12 GMT
Someone just bought £45k so they either like it a lot or they are one of the MT underwriters Under £20k left now so if you have been sitting on the fence you dont have long left to decide Although I suspect it will trade ok on the SM
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Post by ivorf41 on Oct 23, 2017 12:14:36 GMT
My name is Ivor Freedman and I am a director of F & P Sponsors Ltd. My company has sponsored over £100m of P2P loans.
We sponsored this loan on MoneyThing and we would not sponsor a loan and nor would Moneything accept the listing, unless we were entirely satisfied in our due diligence both with the people concerned and with the security offered. We have sponsored a number of loans for companies controlled by Mr N***** P****** on other platforms which have always been fully supported by lenders and conducted properly within terms. Mr P******* has provided a detailed background to his family history, which can be viewed on the documentation tab of the listing.
As always , lenders must make their own judgement on whether to lend or not, but I hope that the issue of his father's misdemeanours and Mr N***** P******'s support of his father at that time, as a naive and loyal 17 year old son, should now effect lender's decisions in this case. He has more than proved his integrity in the successful creation of a dynamic property development business.
I think it would be harsh to penalise him for the actions of his late father.
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johni
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Post by johni on Oct 23, 2017 13:53:00 GMT
My name is Ivor Freedman and I am a director of F & P Sponsors Ltd. My company has sponsored over £100m of P2P loans. We sponsored this loan on MoneyThing and we would not sponsor a loan and nor would Moneything accept the listing, unless we were entirely satisfied in our due diligence both with the people concerned and with the security offered. We have sponsored a number of loans for companies controlled by Mr N***** P****** on other platforms which have always been fully supported by lenders and conducted properly within terms. Mr Priestley has provided a detailed background to his family history, which can be viewed on the documentation tab of the listing. As always , lenders must make their own judgement on whether to lend or not, but I hope that the issue of his father's misdemeanours and Mr N***** P******'s support of his father at that time, as a naive and loyal 17 year old son, should now effect lender's decisions in this case. He has more than proved his integrity in the successful creation of a dynamic property development business. I think it would be harsh to penalise him for the actions of his late father. The question outstanding that is stopping me and others it appears from this thread from investing is what the 1.2 million was spent on since purchase of the property. This is important to establish the true loan to value. Thanks
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jlend
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Post by jlend on Oct 23, 2017 14:04:25 GMT
Am not sure we will ever get an answer to the 1.2m question.
It may well be quite a bit of the money was spent on things like securing the property, insurance, legal fees, high cost bridging finance, surveyors, loan arrangement fees etc.
I have my doubts that 1.2m worth of upgrades to the property have been done which I accept. But it's difficult to judge just how much has been spent on things that have actually added value....
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Doc
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Post by Doc on Oct 23, 2017 14:32:14 GMT
All gone now.
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Post by Badly Drawn Stickman on Oct 23, 2017 14:51:31 GMT
Could be useful, should keep the number of non-defaulted loans at a stable position. Judging by the email I just received that may be optimistic, seems its been withdrawn?
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