If Lendy administrators do not pursue negligent surveyors

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iRobot
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If Lendy administrators do not pursue negligent surveyors May 26, 2019 21:11:55 GMT Mucho P2P likes this

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Post by iRobot on May 26, 2019 21:11:55 GMT

May 26, 2019 20:48:12 GMT Mucho P2P said:

May 26, 2019 15:36:49 GMT agent69 said:

What exactly constitutes a sucessful claim?

I assume it would be too simple to say one where the valuer's insurer coughs up the difference between the estimated value and the actual sale price

" What exactly constitutes a sucessful claim? " <-legally, an admission of guilt, or/and a judgement in your favour, and/or any size payout (from £1 upwards). I would take any "successful claim" proclamation from Lendy with a bag of salt as I seriously doubt it will be for the difference in the amount.

A post on DDC suggests it was quite close. (The source is typically one of the more accurate on these boards. Wasn't in it myself so can't confirm either way.)

"The risk of financial loss when investing in p2p loans is real, and relying on info posted on a chat forum to make decisions on investments is crazy." [source]