Anyone else in 1193 Cardiff?

Thanks. It just says this:


We are in discussion with the borrower about the loan repayment and are reviewing the loan file. We will provide an update in due course. We aim to provide loan updates for all our loans on the 4th/5th of each month.

Not sure if this helps at all but I've been tracking BC for a couple of months after noting mostly good things here. (Which I must say does make a very refreshing change to reading mostly bad things about almost all the other property platforms.)

There was a loan (1048) which went over term mid-March and, according to my notes, BC stated on the 23rd that same 'reviewing the file _ _ _ update in due course _ _ _ etc, etc'.  Then there was no update at the beginning of April when most of the other late loan were updated, but I put that down to it just being a week or two since the ad-hoc update on the 23rd.

Then this month on the 8th, BC updated to say "The borrower has been in touch and requested a redemption statement. This is a positive gesture that they are intending to repay the loan.  We have informed the borrower that we will not be allowing an extension and that they must provide evidence to us of a firm repayment plan within the next 28 days. A failure to do so and we will begin Default Proceedings Stage 1. Interest will be rolled until and repaid on a successful full redemption."

I see the loan has now repaid.

I do like the way BC have set out their stall.  Just wish the cost to play along was a little lower

I notice the 720-day-plus o/d loan (#105) repaid. (It's on the redeemed loans page, so I'm presuming investors got their money back in full)

Maybe they've been out celebrating!

I usually get a few updates, but none so far this month, they have been on the 6th or even the 8th of the month before.