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Post by mrclondon on Sept 19, 2019 21:17:30 GMT
stevefindlay (or indeed anyone) - why are banner ads (multiple designs) from BondMason being rendered by proboards on the forum, incl one with art work saying 'Invest from £5000, Single fee 1-1.5% pa' ? My understanding (as a non investor) is that BondMason were winding down operations.
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Post by stevefindlay on Sept 20, 2019 20:30:57 GMT
stevefindlay (or indeed anyone) - why are banner ads (multiple designs) from BondMason being rendered by proboards on the forum, incl one with art work saying 'Invest from £5000, Single fee 1-1.5% pa' ? My understanding (as a non investor) is that BondMason were winding down operations. We ceased all ads back in May. It could be a legacy thing with a former supplier who hasnt updated their campaigns correctly - where some old ads are still running. But we aren't paying for anything (and aren't getting any invoices), so it's a bit odd really, particularly given we are now 3 months further on. Thanks for letting me know though.
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Post by stevefindlay on Sept 27, 2019 12:22:11 GMT
stevefindlay (or indeed anyone) - why are banner ads (multiple designs) from BondMason being rendered by proboards on the forum, incl one with art work saying 'Invest from £5000, Single fee 1-1.5% pa' ? My understanding (as a non investor) is that BondMason were winding down operations. We ceased all ads back in May. It could be a legacy thing with a former supplier who hasnt updated their campaigns correctly - where some old ads are still running. But we aren't paying for anything (and aren't getting any invoices), so it's a bit odd really, particularly given we are now 3 months further on. Thanks for letting me know though. - I've been informed that this is to do with cookies apparently. If you clear your cookies, then you should stop seeing the banner ads; which were part of an old re-targeting campaign. Many thanks
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Post by stevefindlay on Oct 23, 2019 15:11:32 GMT
FundingSecure
We are sorry to read today that lenders using FundingSecure may face significant challenges in recovering their funds, following the appointment of Administrators.
We have never invested through FundingSecure and none of our Clients have any exposure to FundingSecure through BondMason.
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Post by stevefindlay on Nov 7, 2019 13:45:02 GMT
We are making payments this week for the capital and interest received in October. The total this month is £1.4M taking the total repaid since May £8.2M - 44% of funds as at 23 May.
Many thanks
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Post by stevefindlay on Dec 10, 2019 21:00:57 GMT
We repaid £1.3M in the first week of December and have now returned a total of 50.5% (c.£9.5M) since announcing the cessation of the BondMason Core service, approximately 6 months ago. This continues to be in-line with the expected repayment profile, as set out in our email of 29th May 2019; and continue to be on track to repay 95%+ by end June 2020.
Please Note: Due to the Christmas period, December's cash repayments will be processed the second week of January 2020.
Happy Christmas everyone - best wishes to you and your families.
Steve
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Post by stevefindlay on Jan 8, 2020 15:06:00 GMT
January payments: We've just set up payments totalling c.£835k. The total repaid since the wind-down = £10.3M (55% of invested balance as at May 2019).
Hope everyone had a good Christmas and New Year.
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Post by stevefindlay on Jul 1, 2020 13:16:17 GMT
We've now paid out £15.2M in total (over 75%) and just under £1M this month.
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alibaba
Member of DD Central
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Post by alibaba on Jul 2, 2020 15:07:34 GMT
Funds being repaid as promised, there are some honest and trustworthy individuals and companies out there.
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Post by westcountryfunder on Jul 4, 2020 15:47:32 GMT
Funds being repaid as promised, there are some honest and trustworthy individuals and companies out there. Yes, good news! Now that realistic expectations of yields from P2P are dramatically reduced, and interest rates are at record lows, I suppose there's no chance that the Bond Mason core product could be revived, is there ??
BM has actually provided me with a modest positive return, even if (when?) all Collateral loans finally prove to be 100% losses.
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Post by df on Jul 4, 2020 19:11:14 GMT
Funds being repaid as promised, there are some honest and trustworthy individuals and companies out there. Yes, good news! Now that realistic expectations of yields from P2P are dramatically reduced, and interest rates are at record lows, I suppose there's no chance that the Bond Mason core product could be revived, is there ??
BM has actually provided me with a modest positive return, even if (when?) all Collateral loans finally prove to be 100% losses.
I wish I could state the same. I'm looking at a small loss, will be lucky to break even, but that's very unlikely. Still not bad considering my expected outcome from other 'in wind-down/administration' platforms. I don't think there's a chance for this product being revived  It was discontinued for a good reason.
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Greenwood2
Member of DD Central
Posts: 4,376
Likes: 2,780
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Post by Greenwood2 on Jul 4, 2020 20:13:42 GMT
Yes, good news! Now that realistic expectations of yields from P2P are dramatically reduced, and interest rates are at record lows, I suppose there's no chance that the Bond Mason core product could be revived, is there ??
BM has actually provided me with a modest positive return, even if (when?) all Collateral loans finally prove to be 100% losses.
I wish I could state the same. I'm looking at a small loss, will be lucky to break even, but that's very unlikely. Still not bad considering my expected outcome from other 'in wind-down/administration' platforms. I don't think there's a chance for this product being revived It was discontinued for a good reason. I had withdrawn a lot before, but nothing since the wind down, not a lot left in there though. Break even to small profit here.
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Post by df on Jul 5, 2020 20:56:44 GMT
I wish I could state the same. I'm looking at a small loss, will be lucky to break even, but that's very unlikely. Still not bad considering my expected outcome from other 'in wind-down/administration' platforms. I don't think there's a chance for this product being revived It was discontinued for a good reason. I had withdrawn a lot before, but nothing since the wind down, not a lot left in there though. Break even to small profit here. My involvement was in two stages. First stage was successful - decent return and no losses. When new terms were introduced (increased fees, minimum limit etc.) I've decided to liquidate and that should've been the end of it. The second stage was a mistake - all my foreseen losses come from my second go at BM.
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Post by stevefindlay on Aug 13, 2020 20:24:44 GMT
A quieter month this month - we paid out £622k on August 3rd, taking it to £15.8M since wind down announced.
Over half of the Lending Platforms have now fully repaid all of their loans.
We're now down to the final 25% of collections. Still a lot of work to be done, made somewhat more challenging by Covid, and we remain focused on getting the best outcome for our clients.
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Post by jonrgrant on Sept 1, 2020 6:45:22 GMT
Steve, the estimated future “write downs” on my account balance are now increasing by several pounds daily. Currently representing 15% of my remaining balance which is still several thousand. With this months return looking to be only 1.5% of my remaining balance this would suggest that BM actually estimate a final “write down” of over 80% of the current balance, given your completed return timeline.
Obviously very concerning if my assumption is correct ?
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It was discontinued for a good reason.