ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329 
Likes: 11,549
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Post by ilmoro on Aug 29, 2016 9:36:35 GMT
Twins, separated at birth, one stayed in Stoke, the other moved to east end of Nottingham where he stars in a little watched internet soap set in the city. 
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stokeloans
Member of DD Central
Posts: 402
Likes: 485
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Post by stokeloans on Aug 29, 2016 9:49:14 GMT
My long lost millionaire relative ?
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moist
Member of DD Central
Posts: 241
Likes: 251
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Post by moist on Aug 30, 2016 15:57:13 GMT
what interests me on this one is the fact it was a 'fully refurbed' property when loan was given...but only limited access to valuer was given, and trip advisor feedback and the website shows it needing refurb internally and being refurbed externally......any thoughts? Any one been there lately?
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on Aug 30, 2016 16:13:46 GMT
what interests me on this one is the fact it was a 'fully refurbed' property when loan was given...but only limited access to valuer was given, and trip advisor feedback and the website shows it needing refurb internally and being refurbed externally......any thoughts? Any one been there lately? I was in Swansea last week and drove past the Hotel. It was covered in scaffolding, so it seems that it is still being refurbished externally.
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Post by dualinvestor on Sept 5, 2016 15:37:06 GMT
Is it just me or is it deja vu/groundhog day?
"Borrower has arranged another lender to repay our loan. Currently in legals, expecting full repayment soon. We cannot give a definitive date. "
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ped
Member of DD Central
Posts: 255
Likes: 84
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Post by ped on Sept 5, 2016 16:36:36 GMT
Is it just me or is it deja vu/groundhog day? "Borrower has arranged another lender to repay our loan. Currently in legals, expecting full repayment soon. We cannot give a definitive date. " Bit of can kicking going on, or as it is a hotel Room service will be with you shortly sir!
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star dust
Member of DD Central
Posts: 2,998
Likes: 3,531
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Post by star dust on Oct 21, 2016 19:49:17 GMT
SS update on this from this morning which doesn't seem to have been noted anywhere else. "Overdue Interest payments received." 2 days remaining on the loan page.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
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Post by ozboy on Dec 19, 2016 21:16:22 GMT
This has gone on ridiculously long enough, this Borrower is so obviously pulling our chain and making utter mugs of SS and us.
I have just emailed SS to demand if full settlement is not received by close of business this Friday 23rd then to Default the Loan.
I'm fed up with these Borrowers, go hard with a few of them, establish that you won't be F'd with in the P2P marketplace, and watch 'em fall into line.
Job done.
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bg
Member of DD Central
Posts: 1,368
Likes: 1,929
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Post by bg on Dec 19, 2016 22:04:34 GMT
This has gone on ridiculously long enough, this Borrower is so obviously pulling our chain and making utter mugs of SS and us. I have just emailed SS to demand if full settlement is not received by close of business this Friday 23rd then to Default the Loan. I'm fed up with these Borrowers, go hard with a few of them, establish that you won't be F'd with in the P2P marketplace, and watch 'em fall into line. Job done. It's likely not in SS or investors interests to default the loan at this point - that could crystallise a loss. If you're not happy with it just sell your loan parts.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
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Post by ozboy on Dec 20, 2016 10:21:48 GMT
Fair comments bg.
My only retort would be that IF the LTV was honest and reasonably accurate in the first place, coupled with a rising market, there should be no losses to crystallise.
And I didn't think anyone would buy, but have just sold within 5 minutes!
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bg
Member of DD Central
Posts: 1,368
Likes: 1,929
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Post by bg on Dec 20, 2016 10:45:45 GMT
Fair comments bg. My only retort would be that IF the LTV was honest and reasonably accurate in the first place, coupled with a rising market, there should be no losses to crystallise. And I didn't think anyone would buy, but have just sold within 5 minutes! At the moment anything and everything sells within 5 mins on SS! It's not so much that the LTV may not be honest but more the liquidity of the market. I can't imagine hotels in Wales change hands on a daily basis and a sale could take months or years to come about (you have to find a buyer, negotiate a price, the buyer has to get finance in place etc etc). A distressed sale would almost certainly bring in substantially less than the valuation. Add to that interest costs that will continue to rack up, legal fees, other costs, not to mention the work involved it becomes an entirely less attractive proposition - these all eat into the 30% 'headroom'. It's usually better to let things pan out (especially if the borrower is still paying interest) as frustrating as it may well be. Having said that I am well clear of this loan.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
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Post by ozboy on Dec 20, 2016 12:03:55 GMT
Again, very valid comments bg.
I too am now well pleased to be clear of this loan.
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on Jan 31, 2017 2:17:56 GMT
Anyone that is invested in this loan may want to search the borrower (company) on the gazette...
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oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
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Post by oldgrumpy on Jan 31, 2017 9:45:44 GMT
Wot - none on the SM? edit: Ahhh! action |
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guff
Posts: 730
Likes: 707
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Post by guff on Jan 31, 2017 9:48:25 GMT
Well it is a 12 percenter. Or should that be 12 percentre.
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