james21
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Post by james21 on Mar 22, 2018 17:25:22 GMT
and the photos relate to Jan 17 foundation stage, updates say build has progressed further but no photos; whole thing does not feel right so I will give it a miss
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rogerthat
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Post by rogerthat on Mar 22, 2018 17:43:27 GMT
and the photos relate to Jan 17 foundation stage, updates say build has progressed further but no photos; whole thing does not feel right so I will give it a miss Aye..only had a small nibble in this but 6 months of idleness means I will give this a thwack with a certain stick..au revoir Oldbury 
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mikes1531
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Post by mikes1531 on Mar 27, 2018 17:28:50 GMT
and the photos relate to Jan 17 foundation stage, updates say build has progressed further but no photos; whole thing does not feel right so I will give it a miss Aye..only had a small nibble in this but 6 months of idleness means I will give this a thwack with a certain stick..au revoir Oldbury I've given this one a miss as well. My concern is that the partially-built project has been exposed to the weather for six months or more. That can't have done it a lot of good, so FS's decision to presume the valuation hasn't changed may well be being overly optimistic.
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Post by loanstar on Apr 6, 2018 20:03:14 GMT
It not the weather you need to worry about. Its the fact they have just knocked most of it down. Attachments:
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Liz
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Post by Liz on Apr 6, 2018 20:17:38 GMT
It not the weather you need to worry about. Its the fact they have just knocked most of it down. Hmmm... looks a bit like Whiteh****n
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adrian77
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Post by adrian77 on Apr 7, 2018 9:40:37 GMT
on the photos etc it certainly does.
The photo of the breeze blocks in the original application seems to relate to an original party wall whilst the latest photo in the forum shows a pile of rubble - well either the photos are out of date or the piling has not been done?
Yet another property for my Smutty Stick
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Imothep
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Post by Imothep on Apr 7, 2018 13:41:13 GMT
Ah yes @mike1531, missed that. It can be difficult to keep track, especially when your own loan renewal gives no information. The increase in value is apparently concerning already purchased building materials. You missed nothing, that note referring to building materials bought for the next stage wasn't there yesterday morning when you started this thread Edit: As an afterthought, an increase in value generally comes about when materials have been bought and used, it's a new one on me that the value of a site can be increased simply by purchasing the materials  it’s not new at all, materials offsite valuations are recognised by RICS & generally accepted by the employer / funder. As long as the materials are clearly marked as property of client/bank then they are a genuine way to add value. however, that would be a s&6t ton of materials to justify that increase in value ....
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adrian77
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Post by adrian77 on Apr 7, 2018 19:05:34 GMT
This is an interesting statement that I also missed - I just hope FS have had sight of the materials and the associated invoices and this is not a repeat of the mystery Whitehaven timber frame
Whitehaven saga - happy days!
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Liz
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Post by Liz on Apr 8, 2018 4:45:43 GMT
This is an interesting statement that I also missed - I just hope FS have had sight of the materials and the associated invoices and this is not a repeat of the mystery Whitehaven timber frame Whitehaven saga - happy days! Why are they including materials? If you can't pin it down then don't use it in the valuation. Remember including a timber frame in the past? Where did that go? Or did it ever exist? Probably the latter.
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adrian77
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Post by adrian77 on Apr 9, 2018 12:24:47 GMT
I would agree with this not that I have ever done it!
I note this developer has other sites. I once had a quote for piling so sold the plot and havenever done it although I just can't see how the piling was done with the large amount of topsoil on site unless he pushed it all to one side and did half the piling and then pushed it all back over the 50% piling , did the remaining piling and then pushed 50% of it to the other side to give us 2 heaps as in the photo? There is also a stack of rebar on the RHS so either not yet used or surplus unless it was there for the photo. Believe me you would not leave any building material on such a vulnerable site in Burnley!
Also the site seems next to a bus stop which must be right pain for the developer and I suspect not ideal for any potential buyers.
Just my thoughts...
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Post by mrclondon on Aug 29, 2018 22:02:25 GMT
I'm currently on a slow road trip visiting family and friends and will be posting quite a few photos over the next couple of weeks, starting with a couple west of Birmingham - this and West Brom. Photos taken 4:50pm yesterday (28th Aug). No workmen around, but compared to photos from earlier this year, definite signs of progress, with breeze block walls upto first floor window height. It does however face a busy, noisy polluted road with light industrial units at the rear, and commerical premises either side. I'm not sure the design for a pair of semi's make sense here, whereas a HMO might. Certainly there will be no premium for the location !    and from the rear, the first floor level set back, with the ground floor level peeping over the fence 
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Godanubis
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Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Aug 30, 2018 0:28:01 GMT
Great work keep it up. Not quite one of the exotic road trips seen on tv.
We appreciate all the effort.
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sqh
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Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Sept 29, 2018 9:07:53 GMT
New Supplemental loan available at 15%. I didn't receive a upcoming loan email and judging by the speed of fill neither did anyone else.
EDIT: There's an interesting story surfacing behind the assets tab.
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adrian77
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Post by adrian77 on Sept 29, 2018 9:21:42 GMT
Well this sounds expensive - suing this chap won't be cheap so I really hope there was a valid contract drawn-up. I have sympathy for the developer but I wonder just how damaging this legal action is going to be? I guess the worse scenario is that this developer gets a large legal bill and loses the action and the best one is that he wins and gets awarded costs
Sleeper alert - I note the interest rate is relatively high at 15% so is flagged up as a higher risk so those of us wanting a punt...
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Godanubis
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Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Sept 29, 2018 9:56:11 GMT
Well this sounds expensive - suing this chap won't be cheap so I really hope there was a valid contract drawn-up. I have sympathy for the developer but I wonder just how damaging this legal action is going to be? I guess the worse scenario is that this developer gets a large legal bill and loses the action and the best one is that he wins and gets awarded costs Sleeper alert - I note the interest rate is relatively high at 15% so is flagged up as a higher risk so those of us wanting a punt... Hi you talk about taking a punt ?. Previously you have stated your intention to get out of FS so I’m confused have you changed your mind ?😕
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