mikes1531
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Post by mikes1531 on May 26, 2016 2:33:27 GMT
The update (12/04) said that SS had " received interest for three-month extension" so that suggests to me (unless SS are lying) that they had actually physically received the additional interest from the borrower, before that update. My guess is that SS are just continuing their own tradition of not updating the "remaining term" for loans (they did quite well recently, but maybe they got withdrawal symptoms ). Is there a chance that the original setting of the loan to a 365 day term was an error -- it wouldn't be the first -- so that the three-month extension could have been what it took to get the term to a genuine 12-month total?
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Post by soozp2p on May 26, 2016 7:23:54 GMT
a non-sequitor I'm afraid, but is there now a regular schedule for savingstream loan update information, like weekly perhaps, or is it a case of keeping checking their website. I thought I used to get these by email, but that seems to have stopped, or maybe I just imagined it.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on May 26, 2016 7:28:10 GMT
a non-sequitor I'm afraid, but is there now a regular schedule for savingstream loan update information, like weekly perhaps, or is it a case of keeping checking their website. I thought I used to get these by email, but that seems to have stopped, or maybe I just imagined it. The "Updates Tab" on the SS website is now active (has been for quite a while), and all loans receive an update weekly (as opposed to the old weekly e-mails, which I don't think we get anymore). It also updates as & when developments occur on individual loans (such as a new tranche, or a loan is drawndown).
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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 May 26, 2016 7:41:36 GMT
Although they had planning permission before the loan - 4/02320/14/MOA they seem to have submitted a new one 4/03441/15/MFA which is not yet decided. If no demolition work has started this is going to be a long term project. It would be good if SS could give us an update on the planning situation - do they have satisfactory permission or not? Why did they submit a new application? They do but thinking bigger. Update 4/3 incease units to 270, extended to allow time for planning, LLoyds providing DFL
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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 May 26, 2016 7:46:35 GMT
a non-sequitor I'm afraid, but is there now a regular schedule for savingstream loan update information, like weekly perhaps, or is it a case of keeping checking their website. I thought I used to get these by email, but that seems to have stopped, or maybe I just imagined it. Emails still being sent for full update to loanbook, last one 11/5. Updates when SS decide worth doing but no definite schedule. Complete list in first post of this thread
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on May 26, 2016 7:51:27 GMT
a non-sequitor I'm afraid, but is there now a regular schedule for savingstream loan update information, like weekly perhaps, or is it a case of keeping checking their website. I thought I used to get these by email, but that seems to have stopped, or maybe I just imagined it. Emails still being sent for full update to loanbook, last one 11/5. Complete list in first post of this thread Really? I haven't received a "general update" e-mail since 24/02/16 I'm starting to think I'm generally on that rumoured e-mail blacklist
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Post by soozp2p on May 26, 2016 8:23:38 GMT
a non-sequitor I'm afraid, but is there now a regular schedule for savingstream loan update information, like weekly perhaps, or is it a case of keeping checking their website. I thought I used to get these by email, but that seems to have stopped, or maybe I just imagined it. Emails still being sent for full update to loanbook, last one 11/5. Updates when SS decide worth doing but no definite schedule. Complete list in first post of this thread Oh, I certainly haven't received anything that recent. I will go and check spam, but perhaps my email is missing from the list, or I have picked the wrong options, or maybe you get special treatment as keeper of the archive.
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oldgrumpy
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Post by oldgrumpy on May 26, 2016 8:29:40 GMT
I received the general update on 11 May.
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Post by dodgeydave on May 26, 2016 9:07:36 GMT
Yeah 11/05/2016
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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 May 26, 2016 9:12:59 GMT
Email just arrived announcing 7 day sale restriction, everyone get that?
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sam i am
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Post by sam i am on May 26, 2016 9:23:39 GMT
Yes. But it's interesting to note that the restriction only applies if your account is in negative territory. So if you fund the loan parts by cash or other sales then you can sell them without restriction. I think this is a very sensible solution. It solves the problem of over pre-funding followed by immediate sale but doesn't restrict those of us who play the game fairly.
Edit: Has this taken effect immediately? I'm currently with zero available funds so presumably I would see no restriction anyway. Can someone currently with negative funds confirm.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on May 26, 2016 12:29:00 GMT
Although I haven't anything invested in PBL33, I thought I add my add my 2 pennies worth... The update (12/04) said that SS had " received interest for three-month extension" so that suggests to me (unless SS are lying) that they had actually physically received the additional interest from the borrower, before that update. My guess is that SS are just continuing their own tradition of not updating the "remaining term" for loans (they did quite well recently, but maybe they got withdrawal symptoms ). I've also dropped SS an e-mail to see if they will clarify the situation... Just got a reply from Tim... Remaining time has been changed to 35 days
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ilmoro
Member of DD Central
'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 May 26, 2016 12:45:38 GMT
Although I haven't anything invested in PBL33, I thought I add my add my 2 pennies worth... The update (12/04) said that SS had " received interest for three-month extension" so that suggests to me (unless SS are lying) that they had actually physically received the additional interest from the borrower, before that update. My guess is that SS are just continuing their own tradition of not updating the "remaining term" for loans (they did quite well recently, but maybe they got withdrawal symptoms ). I've also dropped SS an e-mail to see if they will clarify the situation... Just got a reply from Tim... Remaining time has been changed to 35 days Thanks dude So either the term was wrong and was only 10 months, plus 3 month extension, or the update was wrong and it only got a one month extension, or it was 9 months and had a 3 month and now a month extension, or vice versa, or it was six months and has had several extensions, some unannounced ... at some point SS need to get their ducks lined up on all loans so that all info correlates and lenders can trust updates, site info etc so they can make investment decisions on accurate info, eg interest cover. Even more imprtant now interest will accumulate on default and when all loans are on new T&Cs so SS arent the borrower
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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 May 27, 2016 13:24:05 GMT
PBL20 defaulted. Borrower does not have funds to repay, saleable on SM but interest will now accrue.
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ilmoro
Member of DD Central
'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 May 27, 2016 13:44:11 GMT
Loan updates going up on site now.
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