ianj
Member of DD Central
Posts: 656 
Likes: 520
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Post by ianj on Aug 24, 2018 17:20:34 GMT
#92.....100% recovery (capital & interest) now paid!
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Post by roandy55 on Sept 3, 2018 15:34:54 GMT
#492 is now scheduled to be repaid.
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Post by roandy55 on Sept 13, 2018 18:33:26 GMT
#233 has repaid, I believe AC have refinanced this loan. Still, another one down, 11 left to go  Living in hope that I may eventually get back the money currently stuck in #227  |
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alibaba
Member of DD Central
Posts: 341
Likes: 245
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Post by alibaba on Sept 13, 2018 20:49:29 GMT
We live in hope
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Post by roandy55 on Sept 25, 2018 16:30:11 GMT
#296 has updated. A post auction offer of £80k has been received for the property. A 10% deposit has been paid by the purchaser and the sale is expected to complete no later than 15 October. This leaves a projected shortfall of £33.2k plus accrued interest. The guarantor has received a formal demand for repayment under their personal guarantee. At the time of writing however, the borrower has failed to submit any proposal to meet the expected shortfall. The guarantor has been advised that should they fail to submit a proposal as to how they intend to cover the shortfall then AC will look to commence bankruptcy proceedings against them.
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Post by brightspark on Sept 26, 2018 18:18:59 GMT
Re loan 296 not a complete outcome but at least a partial resolution with possibly a bit more to come when the pips are made to squeak. I was not in this loan but from the point of view of an outsider looking in the actions taken were what I anticipate usually to happen when loans fail. just hope the same robust approach is going to be taken to a certain Castle with attached golf course and potential housing development who up to now have had a great deal of cuddling and not much else.
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tomtom
Member of DD Central
Posts: 262
Likes: 39
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Post by tomtom on Sept 27, 2018 13:50:44 GMT
Loan230 S**** W****. any idea when the next installment will be paid, last word I saw was dated 20th September iundicating £7.8 was to be returned shortly?
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Post by crabbyoldgit on Sept 28, 2018 5:07:10 GMT
Re loan 296 not a complete outcome but at least a partial resolution with possibly a bit more to come when the pips are made to squeak. I was not in this loan but from the point of view of an outsider looking in the actions taken were what I anticipate usually to happen when loans fail. just hope the same robust approach is going to be taken to a certain Castle with attached golf course and potential housing development who up to now have had a great deal of cuddling and not much else. The security talks about other buy to let properties , which would I hope be available to us under the personal garrantee. Given the relative small outstanding balance in relation to property values I would hope we may get a full return on this one. We will see , but I think it's going to take a long time.
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Post by markaldrich on Oct 6, 2018 7:18:34 GMT
Loan 777 how are people voting? Bit annoyed our hand is being forced.
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dc848
Posts: 150
Likes: 92
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Post by dc848 on Oct 6, 2018 7:58:08 GMT
Loan 777 how are people voting? Bit annoyed our hand is being forced. Agreed. I went for non-approval.
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Post by markaldrich on Oct 6, 2018 8:31:11 GMT
Thanks for your thoughts. I have done the same
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cb25
Posts: 3,528
Likes: 2,668
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Post by cb25 on Oct 6, 2018 14:39:11 GMT
I voted to approve it as I don't see it as weakening Lenders' position. One could argue that a second charge shows the Borrowers needs to raise more capital and that means they're more likely to fold, but if that's the case it's true regardless of whether we approve/reject this second charge.
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Post by roandy55 on Oct 17, 2018 16:23:13 GMT
#494 repaid in full.
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Post by roandy55 on Dec 5, 2018 17:14:34 GMT
#455 looks to have repaid.
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Post by roandy55 on Dec 14, 2018 16:55:04 GMT
Funds remitted to repay #243 in full. Another one down, 17 to go.
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Living in hope that I may eventually get back the money currently stuck in #227 
