|
Post by mrclondon on Sept 2, 2018 17:19:08 GMT
A semi derelict property in 0.25 acre with planning permission to demolish and construct 17 apartments and a further 9 apartments to be refurbished. Photos taken yesterday 12pm (1st Sept). Actually the left hand part of a semi. The other part (off the righthand edge of first photo) looks to have been refurbished into flats.
LATE EDIT: Planning permission was granted 20th Aug 15, with a condition that work commences within three years. From what I saw, I think it would be hard to claim work has commenced, esp. given an "easy" start would have been to do the demolition.
|
|
|
Post by mrclondon on Nov 12, 2019 13:45:00 GMT
Loan has now been defaulted on the website.
|
|
rogerthat
Member of DD Central
Posts: 2,048
Likes: 1,994
|
Post by rogerthat on Sept 10, 2020 22:03:38 GMT
Loan Reference: 1296178824 An update has just been added to a loan that you have an investment in.
UPDATE: via email at 15.36 10/09/20
The receivers have advised that the property sold at auction on 9 September 2020, at £162,000. Contracts have been exchanged, a deposit taken and the signed contract of sale has been forward to solicitors, to deal with the progression of the sale to completion. An update will be provided following the same.
Loan amount £161K ..70%LTV...915 days (to yesterday 9th)
|
|
|
Post by overthehill on Sept 11, 2020 9:09:25 GMT
Another interest free loan from the unregistered charity FS. I hesitate to say I'm glad people with money in this will get back most of their capital back but it's the unknown charges. It's a warning flag for us all, P2P companies that don't deal with defaults, late loans or payments decisively, time rarely produces a better result unless the economy is booming, maybe one day...
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,787
Likes: 11,004
|
Post by ilmoro on Sept 11, 2020 9:43:35 GMT
I can guess at the next update.
'The sale has completed and we have received the proceeds after the deduction of receiver fees and costs. However, the borrower had previously raised concerns about the loan and the appointment of receivers so the administrators have been advised to hold the proceeds in the suspense account pending resolution'
Exactly the same borrower as C House, though oddly no receiver has been indicated as being appointed over the charge
|
|
rogerthat
Member of DD Central
Posts: 2,048
Likes: 1,994
|
Post by rogerthat on Dec 4, 2020 17:27:14 GMT
Loan Reference: 1296178824 An update has just been added to a loan that you have an investment in. 76.6% for disbursement (£123,345.97) I note that it states FS get 5% of loan value and NOT 5% of recoveries..quelle surprise
|
|
taffy
Posts: 147
Likes: 356
|
Post by taffy on Dec 4, 2020 17:46:59 GMT
5% of loan value must be correct, it is regulated b the FCA after all. Don`t tell me you don't have confidence in the FCA, heaven forbid!!
|
|
mah
Member of DD Central
Posts: 318
Likes: 363
|
Post by mah on Dec 5, 2020 20:00:32 GMT
How generous of FS to sacrifice the huge amount of £50 ! Well, they have at least mentioned '5% of the Loan Value' instead of just keeping it silent when charging 5% of Recovered Value (when Recovery > Loan).
|
|
adrian77
Member of DD Central
Posts: 3,894
Likes: 4,122
|
Post by adrian77 on Dec 6, 2020 14:03:54 GMT
I note the search fees have been added to both the receipts and deducted from the proceeds - can't see any logic behind this doesn't look right to me but will take another look when less tired
|
|