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Post by Ace on Aug 20, 2020 11:17:42 GMT
Welcome news today that Loanpad has made is first loan to a new (second) lending partner.
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Ukmikk
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Post by Ukmikk on Aug 21, 2020 11:39:23 GMT
Welcome news today that Loanpad has made is first loan to a new (second) lending partner. And about time too. Where is this news to be found, I haven't seen it yet?
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Post by Ace on Aug 21, 2020 11:41:15 GMT
Welcome news today that Loanpad has made is first loan to a new (second) lending partner. And about time too. Where is this news to be found, I haven't seen it yet? The loan report for 9456952.
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Ukmikk
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Post by Ukmikk on Aug 21, 2020 16:07:39 GMT
And about time too. Where is this news to be found, I haven't seen it yet? The loan report for 9456952. Ah, thanks. No fanfare then. Could just be a one off.
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mrdc
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Post by mrdc on Aug 21, 2020 17:20:14 GMT
Perhaps Loanpad could give us some form of introduction if it is going to be more than the odd loan.
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Ukmikk
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Post by Ukmikk on Aug 21, 2020 19:23:01 GMT
Perhaps Loanpad could give us some form of introduction if it is going to be more than the odd loan. Well, exactly. It seems that communication with investors is not one of LP's string points.
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Post by Badly Drawn Stickman on Aug 21, 2020 22:28:48 GMT
Perhaps Loanpad could give us some form of introduction if it is going to be more than the odd loan. I somehow doubt they will be doing many loans. A search on companies house and join a few dots will give you a good picture. I'm a bit weary of playing 'bad cop' with regards to Loanpad so will just view them as a worthy counterbalance to the track record and experience of the current partner.
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baldpate
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Post by baldpate on Oct 13, 2020 13:17:27 GMT
A second loan to a different new partner today - loan 9356552.
Loan 9361492 back in September was the first to this partner, but I failed to clock it at the time.
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Post by Badly Drawn Stickman on Oct 25, 2020 12:58:24 GMT
I have just been having a look at loan 9571049 which seems to be another new partner. Pretty sure however I view it that is a 66% LTV currently. despite wearing a 50% dress. I worked in that area very briefly a few years back, defiantly wouldn't leave my car parked there overnight. (actually I might if I wanted to save the trouble of trading it in). That's fairly incidental however. Any views? I will tag Loanpad out of courtesy, maybe there is a simple explanation.
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Post by Ace on Oct 25, 2020 15:18:02 GMT
I have just been having a look at loan 9571049 which seems to be another new partner. Pretty sure however I view it that is a 66% LTV currently. despite wearing a 50% dress. I worked in that area very briefly a few years back, defiantly wouldn't leave my car parked there overnight. (actually I might if I wanted to save the trouble of trading it in). That's fairly incidental however. Any views? I will tag Loanpad out of courtesy, maybe there is a simple explanation. Loan of £47.5k is 50% of Open Meeker Value of £95k. Have you been at the scrumpy this weekend Village?
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Post by Badly Drawn Stickman on Oct 25, 2020 15:40:15 GMT
I have just been having a look at loan 9571049 which seems to be another new partner. Pretty sure however I view it that is a 66% LTV currently. despite wearing a 50% dress. I worked in that area very briefly a few years back, defiantly wouldn't leave my car parked there overnight. (actually I might if I wanted to save the trouble of trading it in). That's fairly incidental however. Any views? I will tag Loanpad out of courtesy, maybe there is a simple explanation. Loan of £47.5k is 50% of Open Meeker Value of £95k. Have you been at the scrumpy this weekend Village? That is the price after renovation. Their own document gives the loan currently at 66%. Given the usually 30-40% we are exposed at on this kind of property it is a variation in the wrong direction. I would have little doubt the asset would cover our loan, even in Coventry an ex council house in need of renovation would fetch that (apologies to any Coventry residents). I don't drink since my spell in rehab.
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Post by Ace on Oct 25, 2020 15:47:06 GMT
Loan of £47.5k is 50% of Open Meeker Value of £95k. Have you been at the scrumpy this weekend Village? That is the price after renovation. Their own document gives the loan currently at 66%. Given the usually 30-40% we are exposed at on this kind of property it is a variation in the wrong direction. I would have little doubt the asset would cover our loan, even in Coventry an ex council house in need of renovation would fetch that (apologies to any Coventry residents). I don't drink since my spell in rehab. I'm not following you Badly Drawn Stickman, am I looking at the wrong doc? The one I'm reading says £95k for the pre-works open market valuation.
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Post by Badly Drawn Stickman on Oct 25, 2020 16:53:05 GMT
That is the price after renovation. Their own document gives the loan currently at 66%. Given the usually 30-40% we are exposed at on this kind of property it is a variation in the wrong direction. I would have little doubt the asset would cover our loan, even in Coventry an ex council house in need of renovation would fetch that (apologies to any Coventry residents). I don't drink since my spell in rehab. I'm not following you Badly Drawn Stickman , am I looking at the wrong doc? The one I'm reading says £95k for the pre-works open market valuation. You must be right then. (I will leave the figures of £80,000 and £112,000 here in case anybody does)
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Post by Ace on Nov 20, 2020 13:41:28 GMT
Another new loan today to what I think may be another new lending partner (happy to be corrected as I may have missed an earlier one). Think we may be up to 4 lending partners now.
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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 Nov 20, 2020 14:03:12 GMT
Another new loan today to what I think may be another new lending partner (happy to be corrected as I may have missed an earlier one). Think we may be up to 4 lending partners now. 5 by my count H, BV, TB, SB & F - lot of very recent charges registered against the new funder which is a little concerning
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