Balder
Member of DD Central
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Post by Balder on Mar 29, 2018 17:07:02 GMT
.. well it's indeed out. That's it really. If you haven't read it, don't bother... Actually there is some good news.  All being well; PBL168 will be repaying £4,763,528 on the 06 April 2018. ALSO, DFL004 full repayment on the 14 April 2018 of £14,308,813. There may be more repayments coming, but those two alone total just over £19 Million. That will help the secondary market.  That worries me about Lendy and their attention to detail DFL004 full repayment on the 14th April - is that really likely to happen on a Saturday?
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Liz
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Post by Liz on Mar 29, 2018 17:24:37 GMT
I think the figures may be right on the performance of the loan book, although returns and losses are skewed. Where the old estute members took the cheese and ran, leaving behind the trap for the new members to walk into.
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mary
Member of DD Central
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Post by mary on Mar 29, 2018 18:17:18 GMT
.. well it's indeed out. That's it really. If you haven't read it, don't bother... Actually there is some good news. All being well; PBL168 will be repaying £4,763,528 on the 06 April 2018. ALSO, DFL004 full repayment on the 14 April 2018 of £14,308,813. Not wishing to rain on your parade, however PBL168 is effectively (via email from a third party, not even the borrower) trust us the cheque will be in the post! And how many of the prior updates said this/that loan will be repaid in full on or before the due date, but are now defaulted? 8 weeks ago Lendy's update confidently stated that £12-£16m will be returned to investors within 4-6 weeks. Yet less than £7m has been repaid since that statement. I, for one, am not holding my breath, but I do live in hope that one day it may be true.
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Tony
Posts: 51
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Post by Tony on Mar 29, 2018 18:46:48 GMT
Actually there is some good news. All being well; PBL168 will be repaying £4,763,528 on the 06 April 2018. ALSO, DFL004 full repayment on the 14 April 2018 of £14,308,813. Not wishing to rain on your parade, however PBL168 is effectively (via email from a third party, not even the borrower) trust us the cheque will be in the post! And how many of the prior updates said this/that loan will be repaid in full on or before the due date, but are now defaulted? 8 weeks ago Lendy's update confidently stated that £12-£16m will be returned to investors within 4-6 weeks. Yet less than £7m has been repaid since that statement. I, for one, am not holding my breath, but I do live in hope that one day it may be true. So true
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Post by picanto on Mar 29, 2018 19:00:38 GMT
There may be more repayments coming, but those two alone total just over £19 Million. That will help the secondary market. I'll believe it when I see it....
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rocky1
Member of DD Central
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Post by rocky1 on Mar 29, 2018 19:19:47 GMT
probably another dfloo5 coming with a partial repayment or an extension with capital rolled over into another tranche or anything else they decide is best for us.i would not count on much capital being allowed to be withdrawn from LENDY at the present. i really hope they are turning the corner and prove us all wrong and we can start to reinvest with confidence that LENDY do have our best interests at heart.
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Post by supernumerary on Apr 9, 2018 9:21:09 GMT
Actually there is some good news. All being well; PBL168 will be repaying £4,763,528 on the 06 April 2018. ALSO, DFL004 full repayment on the 14 April 2018 of £14,308,813. There may be more repayments coming, but those two alone total just over £19 Million. That will help the secondary market. That worries me about Lendy and their attention to detail DFL004 full repayment on the 14th April - is that really likely to happen on a Saturday? Actually there is some good news. All being well; PBL168 will be repaying £4,763,528 on the 06 April 2018. ALSO, DFL004 full repayment on the 14 April 2018 of £14,308,813. Not wishing to rain on your parade, however PBL168 is effectively (via email from a third party, not even the borrower) trust us the cheque will be in the post! And how many of the prior updates said this/that loan will be repaid in full on or before the due date, but are now defaulted? 8 weeks ago Lendy's update confidently stated that £12-£16m will be returned to investors within 4-6 weeks. Yet less than £7m has been repaid since that statement. I, for one, am not holding my breath, but I do live in hope that one day it may be true. There may be more repayments coming, but those two alone total just over £19 Million. That will help the secondary market. I'll believe it when I see it.... ONE down, ANOTHER one still to go…  With PBL168 repaying £4,763,528, there is the DFL004 full repayment on the 14 April 2018 of £14,308,813 to come... We shall ALL see what happens on the 14th April!
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hazellend
Member of DD Central
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Post by hazellend on Apr 9, 2018 9:25:30 GMT
I'll believe it when I see it.... ONE down, ANOTHER one still to go… With PBL168 repaying £4,763,528, there is the DFL004 full repayment on the 14 April 2018 of £14,308,813 to come... We shall ALL see what happens on the 14th April! I'm torn on DFL4. Another great loan I'd like to see refinanced and extended on Lendy but that money is needed to get the SM moving.
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Post by skint4achange on Apr 9, 2018 9:28:19 GMT
ONE down, ANOTHER one still to go… With PBL168 repaying £4,763,528, there is the DFL004 full repayment on the 14 April 2018 of £14,308,813 to come... We shall ALL see what happens on the 14th April! I'm torn on DFL4. Another great loan I'd like to see refinanced and extended on Lendy but that money is needed to get the SM moving. If DFL004 pays on time (and I have no reason to believe that it won't.........................yet), the SM may become a thing of the past.
Oh the joys of fighting for the last £3.26 of DFL030 again! 
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invester
P2P Blogger
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Post by invester on May 11, 2018 16:16:58 GMT
Was fortnightly BS due today? Can't see any updates, not that it takes a genius to predict what some of them will be...
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Jeepers
Member of DD Central
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Post by Jeepers on May 11, 2018 16:31:38 GMT
They do it in the last 5 minutes.
Ctrl C + Ctrl V.
Done.
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Mousey
Member of DD Central
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Post by Mousey on May 11, 2018 17:00:52 GMT
Update for DFL017 dated today - “A settlement meeting has therefore been arranged for Wednesday 25 April 2018”
Doesn’t give you much hope!
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Monetus
Member of DD Central
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Post by Monetus on May 11, 2018 17:15:58 GMT
"While capital is always at risk with any type of investing, our aim is to provide our clients with a high income and to do everything we can to protect their capital.
While we have a good track record in this regard, buying, selling and investing in property is not plain sailing, as any home owner will testify. It is partly for this reason that we are able to offer such high returns.
One of the current issues affecting many lenders is the quality of some property valuations.
It’s for this reason that we ensure every investment project we offer on the platform has been valued by a Royal Institute of Chartered Surveyors’ (RICS) member.
RICS members have to meet the highest international standards set by the global professional body, in the standards in the valuation, management and development of land, real estate, construction and infrastructure.
As we have seen some properties disposed of below their valuation recently, we have raised our concerns directly with RICS, who appreciate the problem and have agreed to do more to enforce adherence of the body's high standards on their members. Our discussions with RICS are ongoing and we'll provide an update on this over coming months."
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mary
Member of DD Central
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Post by mary on May 11, 2018 18:38:10 GMT
" While capital is always at risk with any type of investing, our aim is to provide our clients with a high income and to do everything we can to protect their capital. While we have a good track record in this regard, buying, selling and investing in property is not plain sailing, as any home owner will testify. It is partly for this reason that we are able to offer such high returns. One of the current issues affecting many lenders is the quality of some property valuations. It’s for this reason that we ensure every investment project we offer on the platform has been valued by a Royal Institute of Chartered Surveyors’ (RICS) member. RICS members have to meet the highest international standards set by the global professional body, in the standards in the valuation, management and development of land, real estate, construction and infrastructure. As we have seen some properties disposed of below their valuation recently, we have raised our concerns directly with RICS, who appreciate the problem and have agreed to do more to enforce adherence of the body's high standards on their members. Our discussions with RICS are ongoing and we'll provide an update on this over coming months." So that ok then, you've asked the self regulatory body to get their own house in order! Not likely to happen unless you successfully sue some (all) of the hugely inaccurate valuations and win.
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madpierre
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Post by madpierre on May 11, 2018 18:43:41 GMT
The title of this thread always brings a smile; something much needed in the present troubled days of P2P. And, each fortnight when it's updated, that always brings a smile too, because the updates are truly "BS"  |
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