archie
Posts: 1,824 
Likes: 1,829
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Post by archie on Sept 12, 2023 7:31:35 GMT
Not sure this is the right thread but following an email yesterday some loans have reduced the administator fees. You may have money returned to your account.
The pertinent section of the email is :-
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adrian77
Member of DD Central
Posts: 3,853
Likes: 4,059
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Post by adrian77 on Sept 12, 2023 9:21:57 GMT
Yes - I got £1.61 back spread over the following 3 loans
1586956834 Development Project Formby - Renewal
2452378963 Development in The Wirral - Alfred Road - Consolidation and renewal
1188052941 Property in Greenwich - Renewal
I have other loans which defaulted and yet got nothing back - well at least £1.61 is more than I was expecting!
So long since I withdrew money I had forgotten how to do it...
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Post by overthehill on Sept 12, 2023 9:43:41 GMT
After taking legal advice, it has become apparent that these loans were not first and second charges in the way in which they were presented on the Platform. The Barnoldswick Loan was over a Property and some Adjoining Land. The Adjoining Land was purchased first, using the loan advertised as “a second charge loan”. The Property was subsequently purchased using the “First Charge loan”.
The charge registered was an “all monies” charge and therefore relates to both loans. In the circumstances, we have been advised that the net proceeds of sale should be apportioned as between the Property and the Adjoining Land. Using the purchase values it is clear that 20% of the Net Proceeds of Sale must be apportioned to the Second Charge Loan.
We intend on keeping this matter open for the next fourteen days, following which we will recalculate the net proceeds of sale and update the Platform in due course thereafter. That was posted on 11/7/23 for the Barnoldswick loan. When do you think the money will reach our accounts so that we can withdraw it?
TUMBLEWEED STILL BLOWING PAST C&G's EMPTY BUILDINGS. Not only did they pay out and take it back, the money has disappeared and is not shown as frozen.
Weston Rhyn loan whose last update in April 2022 strongly implies that loan replayment is imminent. I honestly believe this one has literally fallen down behind the desk or it is central to an undisclosed criminal investigation.
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Post by overthehill on Sept 12, 2023 20:43:49 GMT
It'll soon be christmas.
What is the Guinness Book of Records for the most xmas parties funded by an Administration ?
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Post by df on Sept 12, 2023 21:09:56 GMT
Not sure this is the right thread but following an email yesterday some loans have reduced the administator fees. You may have money returned to your account. The pertinent section of the email is :- Yes, I've received £6.26 from this action 
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benaj
Member of DD Central
Posts: 4,534
Likes: 1,510
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Post by benaj on Sept 13, 2023 5:56:49 GMT
I have 8 adjustments from 3 loans, equivalent to 0.25% of my balance on this platform before went into administration.
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