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Post by filip on Sept 2, 2023 11:36:46 GMT
3 1st charge 8%-ish blackpool loans (same borrower I think) all repaid in full. 100% repayment record still intact until further notice!
Thank you, overthehill. I don't think many platforms will be able to maintain their no loss records once this crisis is over (including ours). It's probably the worst crisis facing the real estate industry since 2008, and in some ways, even worse than that. LLI is well capitalised and do not need to originate loans to be able to meet our financial obligations (or rely on constant equity raises - indeed, we have not raised equity since 2020), ensuring prudent loans are being written despite of the very tough market conditions. Very few platforms are in similar position to us in this aspect. Filip
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Post by overthehill on Oct 13, 2023 19:51:31 GMT
3 1st charge 8%-ish blackpool loans (same borrower I think) all repaid in full. 100% repayment record still intact until further notice!
1st charge 8% Nor* Road loan repaid in full. 100% repayment record still intact -ish.
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Post by overthehill on Dec 20, 2023 12:53:57 GMT
2nd charge 13% bar* road bridge loan repaid in full
1st charge 7.7% por* street dev loan repaid in full
100% repayment record still intact.
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Post by Ace on Jan 16, 2024 22:59:24 GMT
48% of the M****t S****t loan was repaid today, its due date. The remainder has been extended for another year.
There are also a few recent updates on other loans.
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Post by overthehill on Mar 7, 2024 21:49:26 GMT
Senior + Junior Loan for Hea* La* repaid in full today.
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Post by overthehill on Mar 27, 2024 10:58:01 GMT
Tab* Road 1st charge development loan 7.7% repaid in full.
100% repayment record still AFAIK, 1 active default.
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Post by overthehill on May 2, 2024 21:21:42 GMT
Cen* Build* 1st charge bridging loan 8% repaid in full.
100% repayment record AFAIK, 1 long term default.
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Post by overthehill on Aug 5, 2024 17:36:00 GMT
High* Street 2nd charge bridging loan 11.7% repaid in full.
100% repayment record.
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Post by overthehill on Nov 2, 2024 10:44:35 GMT
Westf* Road 1st charge development loan 8% repaid in full.
Li* Po* Cott* 2nd charge development loan 14.8% repaid in full.
The useless, clueless and toothless regulator Financial Conduct Authority, top of the secret government table 'Not Fit for Purpose', is not content with supervising the P2P bad apples and maximising the damage to lenders, taking no action in order to protect themselves from a scandal, now have the audacity and dim-wittedness to bully and force honest P2P companies to close down. There is no other explanation, the FCA are trying to kill P2P and it's unclear to me how other companies will be able to avoid the yakuza P2P axe.
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Post by filip on Nov 2, 2024 11:50:50 GMT
Thank you for your support, overthehill.
It is much appreciated as always.
It's not too late for the regulator to act fairly, as they have bigger issues than a small company such as ours to deal with. After all, we're just a minion in the world of finance.
Although I have to admit that this whole experience has been rather stressful and traumatic and lead to my current hospitalisation in Sweden. I'm grateful for my team members who have stepped up and repsonded to FCA's enquiries, which continued in the same relentless speed, despite of being aware of that I was hospitalised.
Filip
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