adrian77
Member of DD Central
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Post by adrian77 on Jul 3, 2019 16:06:51 GMT
Sadly these aren't fee weeks as the borrower isn't paying the readies
So where does this take us - to September when the repayment will be 1 year late?
This chap has defaulted - he should have been in the FS office months ago with a clear threat of repossession unless he provided a plan of how he was going to repay and not "just schedule a meeting in month or so - "just relax and stay happy" as the song goes
I note these premises are leasehold and have no idea how long they are valid for
I also note the claimed gross income is £38,660 so 38,660/262,500 = 15% which I guess is less than what FS are charging...just saying.
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james21
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Post by james21 on Jul 4, 2019 6:07:09 GMT
7071679925 is for £262k a brownfield plot no planning 495 days active. The other two Shepton Mallet loans same borrower £185k, planning for house and 2 flats, said to be 25% complete 463 days active. This one is going to be a fire sale with serious loss for investors
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adrian77
Member of DD Central
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Post by adrian77 on Jul 4, 2019 12:22:01 GMT
sure is - anything for a change...
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Post by mrclondon on Nov 12, 2019 22:28:20 GMT
Loans have been defulated on the website.
Final ids are:
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iRobot
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Post by iRobot on Dec 17, 2020 14:53:03 GMT
For 1841204597 / 2291716796
Edit: same update posted on 7071679925
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iRobot
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Post by iRobot on Feb 25, 2021 17:48:42 GMT
Update received today:
I'd hope CG&Co are a little more canny when it comes to Personal Guarantees, the assets supporting them and the ability to enact them should push-come-to-shove. Generally in P2P-land, PGs have been worth approximately diddly-squat.
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Post by lostinspace on Mar 15, 2023 19:12:53 GMT
Latest update figures totally confusing as usual. Noticed this bit added - The Joint Administrators and the Creditors’ Committee are currently finalising a sum to be deducted from all loans in order to fund the ongoing expenses of the Administration for the benefit of all Investors and Creditors which will be applied to the above calculation. Sounds like even more being taken from us. They could not step in fast enough to safe the failed bank this week to protect people's savings (above the protected amount) yet they don't give a  about us. |
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aj
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Post by aj on Mar 27, 2023 8:06:10 GMT
Ah yes, those ongoing expenses of doing f* all except posting a brief update from receivers every 3 months. (Which the receivers have already charged for).
I imagine that is a very expensive business.
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