invester
P2P Blogger
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Post by invester on Nov 1, 2018 18:15:22 GMT
Less C&P but ultimately the same old stuff. None of the claims underway ones made any progress it seems.
Interesting that Investors Update is to take a break and I predict it will be no more. Absolutely pointless load of articles that nobody read anyway.
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Carter
Member of DD Central
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Post by Carter on Nov 1, 2018 18:15:54 GMT
Good, I didn't start using this platform because of the fluffy marketing/sales speil so no loss there.
Get on and focus on the loan book. What we all want to see is positive progress across non performing loans.
I'd also say that maybe it's time for us to take a breath and turn down the constant hammering of Lendy. No I wouldn't invest any more money and haven't done this year but still have substantial funds tied up in the big dfls. We all need them to work through the problems and protect our interests.
They are clearly down but not out.
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averageguy
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Post by averageguy on Nov 1, 2018 18:34:34 GMT
Good, I didn't start using this platform because of the fluffy marketing/sales speil so no loss there. Get on and focus on the loan book. What we all want to see is positive progress across non performing loans. I'd also say that maybe it's time for us to take a breath and turn down the constant hammering of Lendy. No I wouldn't invest any more money and haven't done this year but still have substantial funds tied up in the big dfls. We all need them to work through the problems and protect our interests. They are clearly down but not out. You clearly aren't in either of the Exeter loans
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adrianc
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Post by adrianc on Nov 1, 2018 18:35:23 GMT
Am I missing something? I've not had any update sent to me for ages, and the most recent in the site FAQs is the end of August. <edit> Ah! Found it... lendy.co.uk/my-loans/updates |
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Post by mrclondon on Nov 1, 2018 18:44:39 GMT
Some of the updates just don't read right to me.
The one on DFL027 is definitely wrong, but there may be others that I'm not as familiar with. (Its possible someone has done this months updates who is less familiar with the history of them)
Today 1st Nov
"The sixteenth tranche of development funding was added to the platform and went live last month, the Independent Monitoring Surveyor (IMS) having undertaken another site visit .... {blah blah} We are expecting another IMS site visit and report over the course of the next few weeks. "
Err no, the 16th tranche went live in July, the build is finished.
EDIT: Ah ... this update is identical to DFL029, and so was presumably not meant for DFL027
28th Sept
"The Head of Lending met with the borrower last week at the premises, which are now complete. The property is in the process of being let out. [...]"
I walked past the site the week before this update, and it did indeed look complete to me. I'll upload the photos in the next few days.
3rd Aug
"The works now outstanding are mainly decorative and cleaning, but with some electrical fittings requiring modification and final signage and other items remain outstanding. There will also be some commissioning of services and the completion of testing and general tidying up and boxing in of some services. "
20th July
"The sixteenth tranche of development funding was added to the Platform, and went live, this week. "
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Post by picanto on Nov 1, 2018 18:45:25 GMT
Some of the loan updates sound promising but we've been here many times before and let down with delays and disappointments. Maybe this November will be the month were a significant number of loan repayments are made...  |
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star dust
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Post by star dust on Nov 1, 2018 18:51:19 GMT
well, it saved on all that extra editing, stars and redaction 
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Post by GSV3MIaC on Nov 1, 2018 19:08:39 GMT
I read it as stop doing the ancillary waffle about the weather etc, hopefully the loan updates will still occur. Or else ..
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Jeepers
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Post by Jeepers on Nov 1, 2018 19:36:54 GMT
'we are going to be putting our “Investor Round-ups” on hold for a while'
Let me just get my Lendy BS thesaurus out...
Translates to 'The guy who wrote the updates has jumped ship'.
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zlb
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Post by zlb on Nov 1, 2018 19:43:07 GMT
I don't have an issue with the recent update. I think their response to the FT article reads as genuine and points out some statistical facts.
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Post by patright on Nov 2, 2018 7:37:33 GMT
yeah you have to love those update, never in any of them does Lendy blame themselves for any of this unbelievable mess they have put all of us in
I mean reading the update, not a single good news, all is defaulted
I would be very ashamed to be such a total platform failure really
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Post by GSV3MIaC on Nov 2, 2018 8:33:43 GMT
No no, there is LOTS of good news, as long as you are an administrator, receiver, or lawyer. Even borrowers may be happy-ish. Not so sunny for Lenders though. Perhaps time for a(nother) name change to something like "Borrowy"?
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invester
P2P Blogger
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Post by invester on Nov 2, 2018 9:16:53 GMT
Maybe if funds are an issue Lendy should seek some sponsorship?
I suggest Kickers, there could not be a better advertisement for their brand!
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garfield
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Post by garfield on Nov 2, 2018 9:18:17 GMT
No no, there is LOTS of good news, as long as you are an administrator, receiver, or lawyer. Even borrowers may be happy-ish. Not so sunny for Lenders though. Perhaps time for a(nother) name change to something like "Borrowy"? Neither a Borrowy Nor a Lendy Be IMO!
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Post by charliebrown on Nov 2, 2018 12:22:05 GMT
'we are going to be putting our “Investor Round-ups” on hold for a while' Let me just get my Lendy BS thesaurus out... Translates to 'The guy who wrote the updates has jumped ship'. Apart from it indicating bigger LY troubles (which worries me more), the marketing guy’s departure is no great loss IMHO. I never enjoyed reading his spin and forced exuberance. When his appointment was announced I was hoping he would engage openly and directly with lenders - on this forum for example - but he never did.
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