oldgrumpy
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Post by oldgrumpy on Nov 21, 2014 21:21:10 GMT
Yep! I wonder who's paying SS (and how much) for the weeks before drawdown while we soak up 12%. I'm sure they expect this loan to go on for quite a while extra.
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mikes1531
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Post by mikes1531 on Nov 21, 2014 21:34:59 GMT
I'm sure they expect this loan to go on for quite a while extra. The good news is that, with an active secondary market, investors who want to get out in March probably will be able to do so, and those who want to stay in until next summer will be able to do that as well. It's the best of all possible worlds!
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Post by savingstream on Dec 11, 2014 10:28:20 GMT
PBL009 has been altered and relaunched as PBL019.
As there has been changes to the security and loan amount we have repaid all investors in PBL009 their capital plus interest accrued.
Investors now free to reinvest in PBL019 should they wish. We expect this loan to complete very soon. The original delays have all now been dealt with.
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ianj
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Post by ianj on Dec 11, 2014 11:02:39 GMT
PBL009 has been altered and relaunched as PBL019. As there has been changes to the security and loan amount we have repaid all investors in PBL009 their capital plus interest accrued. Interest has been paid but no cashback, according to my account statement. This despite a response to a query back in September..... Lendy can confirm that interest + cashback will be paid to all investors in the event of a loan not going live.Cashback has always been recorded as a separate statement entry in the past.
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Post by sammy on Dec 11, 2014 11:05:16 GMT
PBL009 has been altered and relaunched as PBL019. As there has been changes to the security and loan amount we have repaid all investors in PBL009 their capital plus interest accrued. Investors now free to reinvest in PBL019 should they wish. We expect this loan to complete very soon. The original delays have all now been dealt with. I thought this seemed a bit odd as it wasn't in your pipeline! SS Don't you think you should advise investors that this is a previous loan which has been relaunched, as it can make a big difference to potential investors if they want to invest or not! The way you have shown it on the description is as if this is a brand new loan, which quite frankly isn't on and your email you just sent me doesn't mention it either! Its all very well mentioning it here, but many investors don't have access to this site plus those that do, may just go ahead without checking here first. Plus you haven't even put it on this site as a new thread, its just added to another old one!!!!!
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Post by savingstream on Dec 11, 2014 11:13:09 GMT
We can confirm the cashback for the PBL009 has now been paid
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oldgrumpy
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Post by oldgrumpy on Dec 11, 2014 11:19:18 GMT
We can confirm the cashback for the PBL009 has now been paid Ooo! I just got 14p! 
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Dec 11, 2014 12:31:41 GMT
PBL009 has been altered and relaunched as PBL019. As there has been changes to the security and loan amount we have repaid all investors in PBL009 their capital plus interest accrued. Investors now free to reinvest in PBL019 should they wish. We expect this loan to complete very soon. The original delays have all now been dealt with. I thought this seemed a bit odd as it wasn't in your pipeline! SS Don't you think you should advise investors that this is a previous loan which has been relaunched, as it can make a big difference to potential investors if they want to invest or not! The way you have shown it on the description is as if this is a brand new loan, which quite frankly isn't on and your email you just sent me doesn't mention it either! Its all very well mentioning it here, but many investors don't have access to this site plus those that do, may just go ahead without checking here first. Plus you haven't even put it on this site as a new thread, its just added to another old one!!!!! To be fair to savingstream, their post was mainly relating to PBL009, and they don't tend to announce new loans via this forum, so I don't think they'd be expected to in this case; it is us lenders who tend to start the threads relating to each loan. They did, also, send an email explaining what had happened to those of us who were in PBL009 - i.e those who were actually affected by the change. My feeling is that PBL019 stands on it's own, and since PBL009 is now not anything to do with it, I'm not sure that knowing that history would give much benefit to new investors - no doubt there's a consideration I've missed, as usual  . Having said that, more information on the loan details about the history wouldn't have done much harm and might have been of use to some.
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mikes1531
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Post by mikes1531 on Dec 11, 2014 16:27:33 GMT
My feeling is that PBL019 stands on it's own, and since PBL009 is now not anything to do with it, I'm not sure that knowing that history would give much benefit to new investors - no doubt there's a consideration I've missed, as usual . Having said that, more information on the loan details about the history wouldn't have done much harm and might have been of use to some. It might have saved some confusion when people click on the link for the PBL019 particulars and are shown a document titled "BRIDGING LOAN PARTICULARS REF: LF009". Or realise that the Valuation Report is dated way back in August. My first thought -- not having seen the email because the Plusnet spam filter stopped it from reaching either my inbox or my junk mail folder -- was that the SS website had some bad links and was serving up the wrong documents.
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Dec 11, 2014 17:22:37 GMT
My feeling is that PBL019 stands on it's own, and since PBL009 is now not anything to do with it, I'm not sure that knowing that history would give much benefit to new investors - no doubt there's a consideration I've missed, as usual . Having said that, more information on the loan details about the history wouldn't have done much harm and might have been of use to some. It might have saved some confusion when people click on the link for the PBL019 particulars and are shown a document titled "BRIDGING LOAN PARTICULARS REF: LF009". Or realise that the Valuation Report is dated way back in August. My first thought -- not having seen the email because the Plusnet spam filter stopped it from reaching either my inbox or my junk mail folder -- was that the SS website had some bad links and was serving up the wrong documents. Yes, good points. That's sloppiness.
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Post by reeknralf on Dec 11, 2014 19:32:12 GMT
Thanks a bunch savingstream. I get an email at midday saying I've been turfed out of PBL009, with no prior warning. I go online 8 hours later to role over my investment into PBL019, and the whole lot's already been taken.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Dec 11, 2014 20:47:50 GMT
Thanks a bunch savingstream. I get an email at midday saying I've been turfed out of PBL009, with no prior warning. I go online 8 hours later to role over my investment into PBL019, and the whole lot's already been taken.I recieved I received an email notifying investors of PBL019 hitting platform 20 minutes after email about PBL09 and SMS about 30mins before that. Unfortunately my phone was away from my person so no chance to invest in 18, though got into 19 at lunchtime.
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Post by sammy on Dec 11, 2014 21:49:10 GMT
I thought this seemed a bit odd as it wasn't in your pipeline! SS Don't you think you should advise investors that this is a previous loan which has been relaunched, as it can make a big difference to potential investors if they want to invest or not! The way you have shown it on the description is as if this is a brand new loan, which quite frankly isn't on and your email you just sent me doesn't mention it either! Its all very well mentioning it here, but many investors don't have access to this site plus those that do, may just go ahead without checking here first. Plus you haven't even put it on this site as a new thread, its just added to another old one!!!!! To be fair to savingstream, their post was mainly relating to PBL009, and they don't tend to announce new loans via this forum, so I don't think they'd be expected to in this case; it is us lenders who tend to start the threads relating to each loan. They did, also, send an email explaining what had happened to those of us who were in PBL009 - i.e those who were actually affected by the change. My feeling is that PBL019 stands on it's own, and since PBL009 is now not anything to do with it, I'm not sure that knowing that history would give much benefit to new investors - no doubt there's a consideration I've missed, as usual . Having said that, more information on the loan details about the history wouldn't have done much harm and might have been of use to some. RR I think you have missed my point, anyone like myself, apart from finding this on this 009 thread, would not have any idea that 019 is a relaunched 009 loan which to me is a material fact. If I invest and I know certain others are of the same mind, we want like to know if this person/s have previous had a loan for whatever they require the monies for and the facts. A previous loan with SS, which I was party to, was paid up and relaunched into another new loan but I did not partake nor did some others, for reasons I will not divulge here. So I believe it is in SS best interests to be upfront on these, to all investors, not just the ones who are involved from the start who will be aware of relaunches, if they want myself and certain other serious investors to continue to invest in SS!
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Dec 12, 2014 10:00:18 GMT
To be fair to savingstream, their post was mainly relating to PBL009, and they don't tend to announce new loans via this forum, so I don't think they'd be expected to in this case; it is us lenders who tend to start the threads relating to each loan. They did, also, send an email explaining what had happened to those of us who were in PBL009 - i.e those who were actually affected by the change. My feeling is that PBL019 stands on it's own, and since PBL009 is now not anything to do with it, I'm not sure that knowing that history would give much benefit to new investors - no doubt there's a consideration I've missed, as usual . Having said that, more information on the loan details about the history wouldn't have done much harm and might have been of use to some. RR I think you have missed my point, anyone like myself, apart from finding this on this 009 thread, would not have any idea that 019 is a relaunched 009 loan which to me is a material fact. If I invest and I know certain others are of the same mind, we want like to know if this person/s have previous had a loan for whatever they require the monies for and the facts. A previous loan with SS, which I was party to, was paid up and relaunched into another new loan but I did not partake nor did some others, for reasons I will not divulge here. So I believe it is in SS best interests to be upfront on these, to all investors, not just the ones who are involved from the start who will be aware of relaunches, if they want myself and certain other serious investors to continue to invest in SS! Fair enough. I'm definitely in favour of full disclosure of relevant facts so that people can make a clear lending decision. I guess my thoughts were based on the fact that PBL009 never went ahead and so wasn't actually a loan in the first place, but I can see how others will view it differently. Bear in mind, though, that you aren't lending to the borrower with SS, you are lending to Lendy. So, for me, the facts about a loan/borrower don't affect my decision on getting in to a loan - they do affect my decision on when to get out, in that sometimes I want to be sure I can get the money out at the end, and the ability to sell an overdue loan on might become more difficult as time goes by. The smaller ones will probably still be able to be repaid to us by Lendy if things go so bad the money can't be recovered on a particular loan, as they have stated they will. If it happend on one of the really large ones, then we may all be in trouble, regardless of which loans we did and didn't notionally attach our money to.
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Post by sammy on Dec 12, 2014 20:41:46 GMT
Fair enough. I'm definitely in favour of full disclosure of relevant facts so that people can make a clear lending decision. I guess my thoughts were based on the fact that PBL009 never went ahead and so wasn't actually a loan in the first place, but I can see how others will view it differently. Bear in mind, though, that you aren't lending to the borrower with SS, you are lending to Lendy. So, for me, the facts about a loan/borrower don't affect my decision on getting in to a loan - they do affect my decision on when to get out, in that sometimes I want to be sure I can get the money out at the end, and the ability to sell an overdue loan on might become more difficult as time goes by. The smaller ones will probably still be able to be repaid to us by Lendy if things go so bad the money can't be recovered on a particular loan, as they have stated they will. If it happend on one of the really large ones, then we may all be in trouble, regardless of which loans we did and didn't notionally attach our money to. Hi RR You are quite correct that we are lending to Lendy and not the borrowers, but what I think what you need to realise is that whilst you may think you are only looking at the loans you actually subscribe to, this is in fact incorrect! If Lendy get into trouble for whatever reason, lets just say one large loan goes really wrong, it doesn't matter if the loans you are on are all good, we would all be involved in any bail out, as we all lend to Lendy and not the actual borrowers! So in fact the way it currently stands, you might as well participate on any SS loans it doesn't matter which, as if something big goes down, we are all in it together! The current set up by SS is not really much different from a Building Society, anything happens it affects us all!
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. Having said that, more information on the loan details about the history wouldn't have done much harm and might have been of use to some.
