ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,879
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Post by ilmoro on Dec 12, 2020 12:36:45 GMT
So for these if I have nothing back on my account, is something wrong? Not heard a thing in these 3 or received anything... I guess I should chase.lendy support. They said I have my account "verified". So maybe o need to check a box somewhere? PBL103 - refinanced and funds paid to lenders, no info on any further recovery prospects PBL163 - properties sold and funds returned, deferred payment overdue for July PBL164 - as above Check the loan pages to see the dates of the payments (under partial payments tab) then cross reference with your transactions - the distributions were all last year IIRC
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Post by bpp on Dec 12, 2020 14:24:49 GMT
Wish I had just got on this forum 80 pages ago. You are first class ππππ
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Post by Ton βββ on Dec 23, 2020 16:29:18 GMT
I'm quoting this new post here so any comment goes into this thread You are here: Home - Specialist Lending - Bridging - BRIDGING Lendy valuer settles Β£625k PII claim for Β£2m over-valuation as company boat sold by: Owain Thomas 22/12/2020 β’
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iRobot
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Post by iRobot on Dec 23, 2020 17:04:37 GMT
From the link: Tagging ozboy (and getting the popcorn ready )
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Dec 23, 2020 17:59:07 GMT
Wottasurprise eh? As most on here know, I campaigned & warned heavily on this four years ago, and save for one or two at the time, my efforts were generallly dismissed as exaggeration and/or scare mongering and/or some other nonsense. To me it was all blatantly obvious, but no-one wanted to know and couldn't understand how grossly inaccurate Valuations were vitally important. Read some of the SO naive comments at the time on the Lendy thread - PBL157/PBL158 - R*****a & C****t, H****** Court Rd There's no false modesty from me - "I told you so!"PS - Gazing at my Crystal Balls is by Appointment, and for a Fee.
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sussexlender
Member of DD Central
Cheat seeking missile
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Post by sussexlender on Dec 23, 2020 18:30:28 GMT
Evening Ozboy
As a result of your sterling work exposing the numerous over valautions in so many of these suspect loans, I began to wind down my investments with Lendy****.
I am really grateful to you for your efforts as they saved me from a very substatial loss of capital.
I did lose on the sham Hastings development but that was my fault as I thought it was ok as I could drive up to see it every now and then. Nothing has happened on the site even after the borrower re purchased it at a discount from the Administrators.
People do not often acknowledge the fact that they have been assisted. So from me, to you, a heartfelt "Thank you".
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,156
Likes: 4,830
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Post by ozboy on Dec 23, 2020 20:46:51 GMT
V pleased you listened, thank you, and my pleasure.
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adrianc
Member of DD Central
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Post by adrianc on Dec 23, 2020 22:37:08 GMT
Read some of the SO naive comments at the time on the Lendy thread - PBL157/PBL158 - R*****a & C****t, H****** Court Rd <reads back> Ah, happy days! Put them away, you dirty boy.
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69m
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Post by 69m on Jan 23, 2021 0:31:36 GMT
Five written parliamentary questions regarding Lendy (all submitted by Seema Malhotra MP) have now been answered by HM Treasury: As can be seen from the links, the government's response is essentially "nothing to do with us" because of the FCA's status as an independent body.
Yet on the FCA's website, it clearly states: "We are accountable to the Treasury, which is responsible for the UKβs financial system, and to Parliament." These questions were important, as they directly addressed the FCA's competency as a regulator in relation to the Lendy collapse. Disappointingly, they got dismissed with cut-and-paste replies.
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kermie
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Post by kermie on Jan 23, 2021 10:12:07 GMT
I have written to the above MP to thank her and to encourage her to pursue this further. MPs get a bad rap, but where we have got suppport from MPs, we should encourage and appreciate them. Anything we can do to shed light on the FCAs failings!
In edit: and I got a response 26 minutes later!
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joe91
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Post by joe91 on Jan 23, 2021 10:24:20 GMT
Disappointing isn't it.
I wonder if it's worth contacting the press with this?
I have contact details for a 'This is Money' journalist, who previously helped me with a stockbroker I had problems with. I believe some here & on the Lendy Action Group have advised holding off on too much press coverage, as we get the 'it's your own fault taking risks' brigade on our backs.
I'm not totally confident in my own knowledge of all Lendy's shenanigans, so may be better for someone here or the Lendy Action Group to contact her if anyone's interested?
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adrianc
Member of DD Central
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Post by adrianc on Jan 23, 2021 15:41:14 GMT
I have contact details for a 'This is Money' Daily Mail journalist I do wish T-I-M wouldn't try and pretend it's somehow standalone.
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Post by rooster on Jan 25, 2021 20:07:12 GMT
Five written parliamentary questions regarding Lendy (all submitted by Seema Malhotra MP) have now been answered by HM Treasury: As can be seen from the links, the government's response is essentially "nothing to do with us" because of the FCA's status as an independent body.
Yet on the FCA's website, it clearly states: "We are accountable to the Treasury, which is responsible for the UKβs financial system, and to Parliament." These questions were important, as they directly addressed the FCA's competency as a regulator in relation to the Lendy collapse. Disappointingly, they got dismissed with cut-and-paste replies.
Well that's the problem right there, that the FCA are "accountable to the government and treasury" (see website) which at the end of the day holds " no general power over the FCA" (MP quote). How did hundreds of years of societal progress end up with that farcical situation?!
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Post by rooster on Jan 25, 2021 20:11:15 GMT
Disappointing isn't it. I wonder if it's worth contacting the press with this? I have contact details for a 'This is Money' journalist, who previously helped me with a stockbroker I had problems with. I believe some here & on the Lendy Action Group have advised holding off on too much press coverage, as we get the 'it's your own fault taking risks' brigade on our backs. I'm not totally confident in my own knowledge of all Lendy's shenanigans, so may be better for someone here or the Lendy Action Group to contact her if anyone's interested? If the surfacing of the conflicting quotes/stances summarised in post p2pindependentforum.com/post/417292/thread aren't worth an hour of a journalists time, I don't know what is.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,879
Likes: 11,104
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Post by ilmoro on Jan 25, 2021 21:21:35 GMT
Disappointing isn't it. I wonder if it's worth contacting the press with this? I have contact details for a 'This is Money' journalist, who previously helped me with a stockbroker I had problems with. I believe some here & on the Lendy Action Group have advised holding off on too much press coverage, as we get the 'it's your own fault taking risks' brigade on our backs. I'm not totally confident in my own knowledge of all Lendy's shenanigans, so may be better for someone here or the Lendy Action Group to contact her if anyone's interested? If the surfacing of the conflicting quotes/stances summarised in post p2pindependentforum.com/post/417292/thread aren't worth an hour of a journalists time, I don't know what is. Are they conflicting? Accountable means a requirement to justify decisions & actions to someone, it doesnt mean that someone has control over those actions. The FCA is accountable to the Treasury/Parliament in various ways, one of those being required to answer questions, hence Glen has asked them to respond to the last 3 questions directly. Next month Bailey will be accounting for the FCA role in the LCF fiasco to the TSC. The BoE is also accountable but independent, (eg inflation target letter) otherwise the government would be setting monetary policy & interest rates like before.
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