adrian77
Member of DD Central
Posts: 3,920 
Likes: 4,145
|
Post by adrian77 on Jan 29, 2019 11:24:23 GMT
of course I looked there - I can see the word "plot" and nothing else to indicate this one is off-plan - would you care to paste the information that states this one is off-plan.
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Jan 29, 2019 12:04:13 GMT
of course I looked there - I can see the word "plot" and nothing else to indicate this one is off-plan - would you care to paste the information that states this one is off-plan. The itemised pre-payment sums for Reservation Deposit, Exchange Deposit and Second Deposit give you something of a clue 
|
|
cwah
Member of DD Central
Posts: 949
Likes: 468
|
Post by cwah on Feb 14, 2019 2:24:51 GMT
Anyone knows if it goes back on open market due to default would it still be eligible for Help to buy scheme? Like this one: www.zoopla.co.uk/for-sale/details/49908080If it can still be purchased within a help to buy scheme at 25% of its value I'd be tempted myself if price goes to £500k |
|
cwah
Member of DD Central
Posts: 949
Likes: 468
|
Post by cwah on May 30, 2019 14:48:38 GMT
Repaid! Thanks fundingsecureI started to sell because I was concerned about recovery. But this is a great news! |
|
benaj
Member of DD Central
N/A
Posts: 5,648
Likes: 1,744
|
Post by benaj on May 30, 2019 21:53:12 GMT
Repaid! Thanks fundingsecure I started to sell because I was concerned about recovery. But this is a great news! and this is repaid in 129 days as well. 
|
|
bg
Member of DD Central
Posts: 1,368
Likes: 1,929
|
Post by bg on Jun 1, 2019 6:37:31 GMT
A good example of a bridging loan that works for all (lenders, borrower and the platform). The borrower needed a short term loan to allow him to complete on the purchase and then time to arrange a regular buy to let mortgage on a much lower rate.
Yes the rate was high, but that is the nature of a short term bridge loan. The borrower has paid £20k in interest for a short term loan but that is far preferable to losing the £159k deposit they put down on the flat.
More loans like this on sensible, liquid security would be appreciated and will see further investment from me.
|
|
kielbasa
Member of DD Central
Posts: 246
Likes: 411
|
Post by kielbasa on Jun 1, 2019 6:53:54 GMT
A good example of a bridging loan that works for all (lenders, borrower and the platform). The borrower needed a short term loan to allow him to complete on the purchase and then time to arrange a regular buy to let mortgage on a much lower rate. Yes the rate was high, but that is the nature of a short term bridge loan. The borrower has paid £20k in interest for a short term loan but that is far preferable to losing the £159k deposit they put down on the flat. More loans like this on sensible, liquid security would be appreciated and will see further investment from me. Hear, hear! Good to see an FS loan paid back early, doing what it's supposed to do (getting paid back with full interest and not late) without any aggro. A number of people had their doubts on this one, especially on the valuation in the event of a forced sale, but lenders have been rewarded.
|
|
Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
|
Post by Godanubis on Jun 1, 2019 8:12:56 GMT
A good example of a bridging loan that works for all (lenders, borrower and the platform). The borrower needed a short term loan to allow him to complete on the purchase and then time to arrange a regular buy to let mortgage on a much lower rate. Yes the rate was high, but that is the nature of a short term bridge loan. The borrower has paid £20k in interest for a short term loan but that is far preferable to losing the £159k deposit they put down on the flat. More loans like this on sensible, liquid security would be appreciated and will see further investment from me. Hear, hear! Good to see an FS loan paid back early, doing what it's supposed to do (getting paid back with full interest and not late) without any aggro. A number of people had their doubts on this one, especially on the valuation in the event of a forced sale, but lenders have been rewarded. Not for everyone. Anyone who bought in their main account on SM at -1% will make a loss when tax is paid.
|
|
kielbasa
Member of DD Central
Posts: 246
Likes: 411
|
Post by kielbasa on Jun 1, 2019 8:42:35 GMT
Hear, hear! Good to see an FS loan paid back early, doing what it's supposed to do (getting paid back with full interest and not late) without any aggro. A number of people had their doubts on this one, especially on the valuation in the event of a forced sale, but lenders have been rewarded. Not for everyone. Anyone who bought in their main account on SM at -1% will make a loss when tax is paid. Fair point.
|
|
