mogish
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Post by mogish on Oct 23, 2020 12:05:55 GMT
Just recieved the e mail re payment plan.
I hold p2p legacy funds.
I'm a bit confused how the sums are calculated.
My original total due was 750. Now the total is 468.
Can anyone explain why there is a difference.
My original expected recovery total
was 1500. It seems the plan proposes to pay back over2 years. With some months no instalment.Any ideas why the totals keep reducing?
At least I will be comfortable knowing they are working hard to gain the best outcome for investors!
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Post by angel19 on Oct 23, 2020 12:58:29 GMT
Just recieved the e mail re payment plan. I hold p2p legacy funds. I'm a bit confused how the sums are calculated. My original total due was 750. Now the total is 468. Can anyone explain why there is a difference. My original expected recovery total was 1500. It seems the plan proposes to pay back over2 years. With some months no instalment.Any ideas why the totals keep reducing? At least I will be comfortable knowing they are working hard to gain the best outcome for investors! I can’t comment on your actual figures, but if it helps my P2P balance is made up of realised losses (nothing coming back), suspended balance (CVA aiming to give back 31%) and performing balance (CVA aiming to give back 48%).
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up
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Post by up on Oct 23, 2020 13:13:35 GMT
My payment plan also shortfall : 89% of the W CVA-approved forecast amount. Interested if others (with only P2P holding) see similar shortfall and if Wellesley offer any explanation. mogish the 3 staged payments were part of the deal where they sold the loan-book to themselves - Deferred payments as they have no funds themselves but of course intend realise a higher amount part of which goes to secured-bond holders shortfall, rest as windfall to W. |
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ferdy
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Post by ferdy on Oct 23, 2020 13:20:18 GMT
All I'm getting is;
Wellesley classic is undergoing maintenance, we’ll be back online shortly.
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Post by belladog on Oct 23, 2020 13:38:27 GMT
I’m down £1,154.89 from the original estimated amount (on my P2P) to be paid to me if the CVA was passed.
Where’s that gone?
A complete and utter **** up.
sws
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Post by westcountryfunder on Oct 23, 2020 14:41:23 GMT
All I'm getting is; Wellesley classic is undergoing maintenance, we’ll be back online shortly. Same here, 15:41.
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mogish
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Post by mogish on Oct 23, 2020 14:46:55 GMT
Thanks all. I shall give them a call to explain.
No doubt get some bull**** answer.
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mogish
Member of DD Central
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Post by mogish on Oct 23, 2020 14:58:21 GMT
Phone lines busy. Classic website undergoing maintenance. Even the recorded music sounds like it's on its last legs.
They are probably down the pub scheming how to reduce any potential returns further.
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Post by belladog on Oct 23, 2020 16:26:31 GMT
I’ve looked online and my repayment schedule is now back to what it was when originally stated. I wonder if they saw my post and rectified it?
Sws
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up
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Post by up on Oct 23, 2020 19:23:19 GMT
Confirming also on my account payment plan figures now corrected to match cva-approved amount.
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rocky1
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Post by rocky1 on Oct 24, 2020 7:23:51 GMT
wellesley property bonds. little * at the bottom. proceeds from the sale of the loan book are subject to DEDUCTIONS of COSTS before distrbution to investors so FINAL distrbution MAY be LOWER. wellesley really taking the p*ss now.so the CVA projected returns never mentioned that WELLESLEY would be waiting to cream even more from the loanbook before they eventually fold the company when there is nothing left in it for them.
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