jonah
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Post by jonah on Aug 11, 2016 5:05:07 GMT
Fairly unimpressive update for 204 Major debtor is having trouble repaying, documentary evidence previously provide by the borrower has proved to be unreliable, and there appears to be strange goings on whereby debts owed by a previous company are appearing on the balance sheet of the borrower. Where's that exit I had already reduced my modest holding with previous updates. I've now sold the rest. That's the good news. The exit however may be the GBBA, as mine seems to be buying a continual stream of small amounts. So whilst them GBBA may reduce initial MLIA allocation it does help as an exit route. I just hope that PF holds up for any impacting loans (not saying this loan in particular will need PF support but some will at some point)
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Aug 12, 2016 14:57:50 GMT
#54 being redeemed, funds to be distributed to lenders on receipt.
#132 Anglesey possible (slightly farcical) issue with property, possible expense, hopefully no impact on sale scheduled for end of month
Edit #54 capital & interest credited
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iren
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Post by iren on Aug 12, 2016 16:21:48 GMT
Or perhaps the emails could be personalised to at least state what value of holding you have in the loan. I have received the email, I have not logged into my account, I do not recal whether I have it in MLIA or whether it's a GBBA holding. And if it is in GBBA, I haven't a clue how to even find out how much of it I might hold. I have no appetite for running off transaction reports and working it out from there. I get emails for #204, Scot Prop & #26 despite the fact I have a zero holding displayed in MLIA. They still appear in My Loans so I guess I have failed to sell that bit of my holding between 20-40dp. I've got 14 loans with £0.00 interest and £0.00 capital outstanding that are still attached to my "Your Loans", and that produce £0.00 entries on my statement each time a payment is made. An irritation that I have to mentally discard these when reviewing my portfolio, especially when ordering my loans by latest update to pick up on news.
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jonah
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Post by jonah on Aug 12, 2016 20:45:06 GMT
I follow the same approach to MONEY but leave the 'sell 1p' there to remind me not to go back there. |
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agent69
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Post by agent69 on Aug 16, 2016 17:27:50 GMT
No updates on then AC website for the last couple of days.
Is the hamster suffering from heat exhaustion?
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Aug 31, 2016 9:55:57 GMT
#132 Anglesey sale has completed
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jjc
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Post by jjc on Sept 2, 2016 12:46:23 GMT
A possibly important update (Q&A) has been made to those thinking of investing in upcoming 323. No idea if GEIA will take the gamble until clear all is hunky dory.
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agent69
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Post by agent69 on Sept 2, 2016 17:25:01 GMT
A possibly important update (Q&A) has been made to those thinking of investing in upcoming 323. No idea if GEIA will take the gamble until clear all is hunky dory. So there's no turbine on site. Once the loan draws down (6th at best) the turbine is paid for, delivered, installed and commissioned on site within a week. This gives a 3 day buffer until the FIT inspection on 16th, which is a week before the FIT deadline expires. FC haven't responded to the query regarding how the FIT will be affected if the deadline is missed. All sound horrendously optimistic to me.
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Post by crabbyoldgit on Sept 2, 2016 21:05:16 GMT
Reduction of return from 12.14 pence per kw/hr to approx 4 pence per kw/hr, eventually when the goverment body got arround to approving a new application until then nothing.Just a mere reduction of return of 66% ish with the same costs.  Think i will stand back and wait until we see if they make the required date and try and pick up bits slow time if they are successful on the sm. |
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Post by Ton ⓉⓞⓃ on Sept 6, 2016 20:36:53 GMT
Anglesey #132 (in default) just had 61.71% of the loan repaid.
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kermie
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Post by kermie on Sept 7, 2016 18:20:56 GMT
Anglesey #132 (in default) just had 61.71% of the loan repaid. I cannot bring myself to "like" the post, but thanks for the info Ton ⓉⓞⓃ. Having just caught up with the updates on the AC side, it is sobering for those lenders involved. Hopefully not all over yet, but we shall see.
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agent69
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Post by agent69 on Sept 7, 2016 18:38:43 GMT
Anglesey #132 (in default) just had 61.71% of the loan repaid. What chance any more?
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Sept 7, 2016 22:23:11 GMT
Need to reset the LTV on Anglesey, given there is now no security should be corrected -
To infinity and beyond
Sorry! Started posting a Q saying the same but not sure AC have a sense of humour
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Brainer
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Post by Brainer on Sept 8, 2016 0:54:26 GMT
Could anyone give a brief summation of what went wrong on the Anglesey loan?
I'm new to p2p, but having just scanned the particulars I imagine it looked like a decent enough loan to start given the reasonable LTV (which should've only decreased as refurbishment took place) and a rental income (which I gather is a plus point).
Just wondering if there are any lessons to be learned from this loan.
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merlin
Minor shareholder in Assetz and many other companies.
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Post by merlin on Sept 8, 2016 4:06:52 GMT
Could anyone give a brief summation of what went wrong on the Anglesey loan? I'm new to p2p, but having just scanned the particulars I imagine it looked like a decent enough loan to start given the reasonable LTV (which should've only decreased as refurbishment took place) and a rental income (which I gather is a plus point). Just wondering if there are any lessons to be learned from this loan. In a sentence. Don't trust quoted LTV's even when they are supposed to be backed by a RICS valuation.
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