pom
Member of DD Central
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Post by pom on Jul 8, 2016 14:11:57 GMT
The update for this loan does not look good...
Which loan are you talking about? That's not the update I see on PBL35 (which wasn't waiting on a buyer either)... ?
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853 
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Post by cooling_dude on Jul 8, 2016 14:14:06 GMT
The update for this loan does not look good...
Which loan are you talking about? That's not the update I see on PBL35 (which wasn't waiting on a buyer either)... ? Posted on the wrong thread (PBL36  )
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gurberly
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Post by gurberly on Jul 8, 2016 14:42:41 GMT
That said, the update for that loan...
?? what recent circumstances.... Brexit?
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Liz
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Post by Liz on Jul 8, 2016 17:33:54 GMT
Mothball!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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jonah
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Post by jonah on Jul 8, 2016 22:54:50 GMT
Keyboard stuck?
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nick
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Post by nick on Jul 9, 2016 0:40:03 GMT
Mothball and extend term for 12 months! Isn't this just kicking the problem down the road? Surely it would be in the best interest of borrowers to call the loan in - unless there is a real risk that the value realised from a distressed sale of the security will not cover the debt and/or complications of trying to enforce a second charge. While I can see it is in the borrower's interests to extend the loan, I struggle to see how this is in lenders' interests and the rationale to compel lenders to double the duration of the current loan. What I'm I missing?
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fp
Posts: 1,008
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Post by fp on Jul 9, 2016 8:06:38 GMT
Mothball and extend term for 12 months! Isn't this just kicking the problem down the road? Surely it would be in the best interest of borrowers to call the loan in - unless there is a real risk that the value realised from a distressed sale of the security will not cover the debt and/or complications of trying to enforce a second charge. While I can see it is in the borrower's interests to extend the loan, I struggle to see how this is in lenders' interests and the rationale to compel lenders to double the duration of the current loan. What I'm I missing? 11 months of interest?
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Post by Duane Dibley on Jul 9, 2016 11:07:41 GMT
Mothball and extend term for 12 months! Isn't this just kicking the problem down the road? The development plans were always unfeasible in my opinion, so no surprise this has happened. I know the area and I know the site, it's only ever been used for car-boot sales and an annual steam fair! Not one I wanted to hold to maturity.
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Post by Deleted on Jul 9, 2016 14:38:57 GMT
Mothball and extend term for 12 months! Isn't this just kicking the problem down the road? The development plans were always unfeasible in my opinion, so no surprise this has happened. I know the area and I know the site, it's only ever been used for car-boot sales and an annual steam fair! Not one I wanted to hold to maturity. @caractacus, hi, I'm living North of Hadrian's [by some margin], please could you flesh out your thoughts for me in return I'll share some local knowledge, local thoughts on the housing market information for the Ivergowrie PBL.
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ben
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Post by ben on Jul 9, 2016 14:51:11 GMT
It will probably be pretty hard to call it in as only a second charge if they are still paying interst to both charges as the first charge would probably be quite happy with current situation.
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NSFW
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Post by NSFW on Sept 6, 2016 16:34:24 GMT
Been extended for 6 months.
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sam i am
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Post by sam i am on Sept 6, 2016 16:40:07 GMT
Been extended for 6 months. If the funds have arrived for the extension, does this mean PBL058 has been repaid? The platform isn't indicating this yet.
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NSFW
Posts: 118
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Post by NSFW on Sept 6, 2016 16:43:00 GMT
Been extended for 6 months. If the funds have arrived for the extension, does this mean PBL058 has been repaid? The platform isn't indicating this yet. I think there's quite a few different things going on today. I assume it's been repaid to SS but not us yet.
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sam i am
Member of DD Central
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Post by sam i am on Sept 6, 2016 16:47:15 GMT
If the funds have arrived for the extension, does this mean PBL058 has been repaid? The platform isn't indicating this yet. I think there's quite a few different things going on today. I assume it's been repaid to SS but not us yet. I'm sure you're right. I have now seen that PBL058 has been assigned DFL005 on the pipeline which would support that theory.
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Sept 6, 2016 18:11:08 GMT
It will probably be pretty hard to call it in as only a second charge if they are still paying interst to both charges as the first charge would probably be quite happy with current situation. My understanding, based on information given in relation to some AC loans, is that a second chargeholder can instigate a loan getting called in whenever they like. The first chargeholder has the right to take control of how repayment comes about, but they can't actually prevent it happening, and if they don't take control of appointing receivers themselves (if that is what is required), then the second chargeholder can do it.
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