michaelc
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Post by michaelc on Feb 21, 2020 17:17:08 GMT
because they are concerned they won't be able to get the care workers they need post Brexit ? Not sure how relevant this is to this thread but since you brought it up, I thought I'd comment. Do you feel that one of the benefits of being in the EU was being able to import labour from eastern europe to do horrible jobs like clean our grandmothers' butts because the wages here are not high enough to attract local carers? The work might be "unskilled" but not many want to do it and actually I'd argue it is skilled - quite a big difference between a good caring carer and a carer who can't care less.
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Godanubis
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Post by Godanubis on Feb 21, 2020 19:52:41 GMT
because they are concerned they won't be able to get the care workers they need post Brexit ? Not sure how relevant this is to this thread but since you brought it up, I thought I'd comment. Do you feel that one of the benefits of being in the EU was being able to import labour from eastern europe to do horrible jobs like clean our grandmothers' butts because the wages here are not high enough to attract local carers? The work might be "unskilled" but not many want to do it and actually I'd argue it is skilled - quite a big difference between a good caring carer and a carer who can't care less. I have a fried that runs a care home and specialist young person care unit. She pays High wages and attracts the best of the best. Her fees are appropriately higher and clients are happy to pay for the best. The problems are that we as a society make little or no preparation for our care if required in later life. Have a look hereThere is a rising trend in the elderly being sent abroad for dementia care to Thailand where the care is first class and affordable. As I saw with my own mother here she was only really aware of here immediate surroundings so could have been in any country. Cheap flights and accommodation make visits affordable. Although the person may not know visits the will be better cared for within their budget. So if care provider here made it a luxury home and pay staff accordingly it would probably be filled.
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09dolphin
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Post by 09dolphin on Feb 21, 2020 21:48:09 GMT
Not sure how relevant this is to this thread but since you brought it up, I thought I'd comment. Do you feel that one of the benefits of being in the EU was being able to import labour from eastern europe to do horrible jobs like clean our grandmothers' butts because the wages here are not high enough to attract local carers? The work might be "unskilled" but not many want to do it and actually I'd argue it is skilled - quite a big difference between a good caring carer and a carer who can't care less. I have a fried that runs a care home and specialist young person care unit. She pays High wages and attracts the best of the best. Her fees are appropriately higher and clients are happy to pay for the best. The problems are that we as a society make little or no preparation for our care if required in later life. Have a look hereThere is a rising trend in the elderly being sent abroad for dementia care to Thailand where the care is first class and affordable. As I saw with my own mother here she was only really aware of here immediate surroundings so could have been in any country. Cheap flights and accommodation make visits affordable. Although the person may not know visits the will be better cared for within their budget. So if care provider here made it a luxury home and pay staff accordingly it would probably be filled. Quite horrified by this "God" and his apparent support of shipping the elderly with a cognative imparement to Indonesia to save money. Why just the elderly, why not the middle aged the young or even children who have a disability. In fact why not decare you have Nazi tendencies and wish to establish camps where they can be killed as this is the most cost effective solution of all?
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adrian77
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Post by adrian77 on Feb 22, 2020 19:38:09 GMT
to get us back on track I have been going through the excellent mrc DD - he must have spent a lot of time on this one!
I have my pen and paper and spreadsheet out for this one and still confused.
have moved my post to DD
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Godanubis
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Post by Godanubis on Feb 23, 2020 10:23:23 GMT
I have a fried that runs a care home and specialist young person care unit. She pays High wages and attracts the best of the best. Her fees are appropriately higher and clients are happy to pay for the best. The problems are that we as a society make little or no preparation for our care if required in later life. Have a look hereThere is a rising trend in the elderly being sent abroad for dementia care to Thailand where the care is first class and affordable. As I saw with my own mother here she was only really aware of here immediate surroundings so could have been in any country. Cheap flights and accommodation make visits affordable. Although the person may not know visits the will be better cared for within their budget. So if care provider here made it a luxury home and pay staff accordingly it would probably be filled. Quite horrified by this "God" and his apparent support of shipping the elderly with a cognative imparement to Indonesia to save money. Why just the elderly, why not the middle aged the young or even children who have a disability. In fact why not decare you have Nazi tendencies and wish to establish camps where they can be killed as this is the most cost effective solution of all? [b I saw my mother stay 1 night as an emergency in a, care home that, I, would not put a dog in. Luckily she had 5k a month to stay in a decent home. I see, nothing wrong in giving someone the best care for them and not the convenience of relatives. In NHS I, saw many, tines when older people in terrible pain just wished to die and relatives said on no we would be upset and had no, regard to persons wishes . Sending someone to a luxury Hone is not genocide it is caring . You seem to have missed the point that this was to give the best care for the money you have available. I have seen care homes here where 1 person takes care of 5-10 people the are stuck in a room together with a tv where they sit all day next drooling people and a perpetual smell of stale urine . The staff do their best but are under resourced . The alternative can be 1 on 1 care 24/7 in pleasant surroundings with good climate and food etc. Often here relatives are put into care and visits are once or twice a year at best. I know what I would prefer especially if you have no recollection of the person that is visiting you. Effectively you are visiting A stranger it is not your relative no matter how much you want them to be. Your sense of duty should be to give that person the best care they can get and keep your memories of the person they were. That is the realistic position not the illogical emotional position. If you put that person’s needs first you will have done your best. It is no different if a relative stays abroad you may only visit once every couple of years. We have the technology you can see hear and speak daily if you like. In your mind anyone emigrating to say Australia who has elderly relatives is abandoning them. It works bot ways. Live the best life for yourself and asset if possible.Too May people give up their lives to look after someone and then they have no life of their own. All very noble but not beneficial to your own wellbeing as you are left alone with nobody to give you the same attention. Sacrifice is all very well but it only benefits those left.
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Godanubis
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Post by Godanubis on Feb 23, 2020 10:58:48 GMT
to get us back on track I have been going through the excellent mrc DD - he must have spent a lot of time on this one! I have my pen and paper and spreadsheet out for this one and still confused. have moved my post to DD That’s where you are going wrong. You only have one spreadsheet.
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sundown
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Post by sundown on Feb 24, 2020 11:46:37 GMT
to get us back on track I have been going through the excellent mrc DD - he must have spent a lot of time on this one! I have my pen and paper and spreadsheet out for this one and still confused. have moved my post to DD For those of us that don't have access to DD would you be able to post the gist of what you say here? Or could you PM me? Thanks!
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Godanubis
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Post by Godanubis on Feb 24, 2020 12:49:16 GMT
There are people giving good effort that will succeed to some degree.
unfortunately administrators may not wait for improvements to trickle down.
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Post by overthehill on Jun 9, 2020 15:14:39 GMT
global offer has been received and is being reviewed, haven't been following this debacle so no comment on how insulting it might or might not be. I assume it covers all the properties, global being the operative word, but it is not explicit and only one out of my two loans have been updated, that's not unusual either !
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Post by brummiefred on Jun 18, 2020 13:06:15 GMT
G*sp*rt, Hampshire - Renewal - Loan Update
Loan Reference: 6451255949
An update has just been added to a loan that you have an investment in.
UPDATE:
As previously advised, Quantuma had instructed Lambert Smith Hampton to market the property, based on their valuation this was done so at £800,000. They have received offers in this region. The borrower has now obtained funding to support the global deal over the various loans with FS. This is subject to agreement on all, and the release of the borrower from their personal guarantees. We await a statement of their assets and liabilities in this regard. The amount that is offered in relation to this loan is £1,260,000. Having considered the alternative recoveries through the Lambert Smith Hampton marketing and the anticipated increased shortfall investors would suffer, we have agreed with the recommendations of Quantuma to proceed with the borrower’s proposal, and this is due to complete by mid-July. Rather than a sale of the property, this is proposed by way of assignment of the legal charge, which our solicitors are reviewing. We will provide a further update once a completion date is confirmed.
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taffy
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Post by taffy on Jun 18, 2020 13:23:53 GMT
global offer has been received and is being reviewed, haven't been following this debacle so no comment on how insulting it might or might not be. I assume it covers all the properties, global being the operative word, but it is not explicit and only one out of my two loans have been updated, that's not unusual either !
Property in Southampton -Consolidation (7224997259) Asse valuation £2 million, loan made £1.4 million. Borrower repays £0.63 million to clear lan and free him from Personal Guarantee as well. Is this a form of Quantitative Easing or just a confidence trick? Another one for the litigation pot.
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Post by overthehill on Jun 18, 2020 15:00:39 GMT
As I understand it, the receiver Quantuma was appointed by the borrower and has negotiated this global offer, so it's not clear to me if these offers are net or gross of charges?
Farnham offer is 400k for a loan amount of 350k
Gosport offer is 1260k where the primary loan is 950k. It's going to be a sore one again for the supplemental loans of 675k, the borrower will be feeling extremely smug, tosspot. A question more for a psychologist but do you think people that scam money from thousands of other people lose any sleep at all?
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pfffill
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Post by pfffill on Jun 18, 2020 15:33:46 GMT
As I understand it, the receiver Quantuma was appointed by the borrower and has negotiated this global offer, so it's not clear to me if these offers are net or gross of charges?
Farnham offer is 400k for a loan amount of 350k
Gosport offer is 1260k where the primary loan is 950k. It's going to be a sore one again for the supplemental loans of 675k, the borrower will be feeling extremely smug, tosspot. A question more for a psychologist but do you think people that scam money from thousands of other people lose any sleep at all?
As an amateur psychologist, I can answer your question: the vast majority of scammers feel no remorse whatever because, in one way or another, they rationalise their behaviour; after all, those idiots deserved what they got, didn't they, lending money through a gimcrack outfit like Funding Secure?
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adrian77
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Post by adrian77 on Jun 18, 2020 17:56:52 GMT
I am in some of this chaps loans - careful what to say here but I think he is a bit of a paper shuffler and has taken FS for a ride (granted they let him) - I am disgusted. In it not right that people like him can cheat decent people of of their savings by playing games - I say refuse his offer and take the bloody lot to auction - I want his house repossessed as a message that sooner or later justice comes to people like this.
He has clearly given some spiel to another lender and will default payment to them as well
I am still confused as to how much he has short-changed us for - can somebody clarify
update - I am going through this shambles and it is not making me feel all happy inside! Clearly the muppets at FS have been well and truly had if not worse - cue legal action however I say to the administrators- call in the loan on his house- I know FS have the second charge but I don't care - bet that will concentrate his mind..
I thank you - stay healthy all.
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foolsgold
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Post by foolsgold on Jun 19, 2020 8:51:28 GMT
I just dont get it.....WHY have a Personal Guaranteeand allow a borrower to pay back less than the amount borrowed and as part of the sale sign off any rights we have as lenders to persue the PG.
The job of the administrators is not to look after our interests its to recover by any means any amount of cash no matter how bad the deal is to pay the debtors to FS for who the administrators act.
Clearly the administrators are not acting in lenders best interests but their own and the interests of the lenders to FS and using us as a cash cow to carry out their function
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