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Post by andrewholgate on Feb 8, 2014 19:09:39 GMT
oldnick It is a very good suggestion. We have built into our engagement agreement a new clause that pays a modest rate (around 2-3%pa) once a deadline has passed. This should be detailed in some of the new credit reports we are listing. A
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merlin
Minor shareholder in Assetz and many other companies.
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Post by merlin on Feb 8, 2014 21:29:13 GMT
Andrew I agree 100% with the direction you are moving in. Your proposal sounds to me to be well reasoned and a rational approach to a problem that most of us have no real experience of. Well done and I look forward to seeing it in action.
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Post by oldnick on Feb 9, 2014 5:40:40 GMT
oldnick It is a very good suggestion. We have built into our engagement agreement a new clause that pays a modest rate (around 2-3%pa) once a deadline has passed. This should be detailed in some of the new credit reports we are listing. A That's good news Andrew. Out of curiosity - why the 2-3% range? Is the variability based on any particular criteria? Also, can you say how much time will be allowed between our money being allocated to a loan and the date of the deadline? In other words - how long is the new 'dead time' for funds; when money is tied up but not earning?
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Post by oldnick on Feb 13, 2014 17:56:25 GMT
Andrew!
Never mind playing Mornington Crescent - I'm waiting for a reply! :-)
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j
Member of DD Central
Penguins are very misunderstood!
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Post by j on Feb 13, 2014 18:56:31 GMT
Any update on the 'ackney & Kiddie draw downs?! It was indicated in an email last week that draw down will happen on 10th Feb. Cheers
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spockie
Member of DD Central
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Post by spockie on Feb 13, 2014 19:11:44 GMT
I think it was week beginning 10th so presume by tomorrow...
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andy2001
Member of DD Central
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Post by andy2001 on Feb 13, 2014 19:38:51 GMT
I think it was week beginning 10th so presume by tomorrow... For the ackney loan I had the week beginning 10th email, but then also got one saying it would be yesterday.
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Post by andrewholgate on Feb 14, 2014 8:51:54 GMT
oldnick It is a very good suggestion. We have built into our engagement agreement a new clause that pays a modest rate (around 2-3%pa) once a deadline has passed. This should be detailed in some of the new credit reports we are listing. A That's good news Andrew. Out of curiosity - why the 2-3% range? Is the variability based on any particular criteria? Also, can you say how much time will be allowed between our money being allocated to a loan and the date of the deadline? In other words - how long is the new 'dead time' for funds; when money is tied up but not earning? Sorry, got carried away there for a moment. 2-3% as it represents the return you would get from a bank account and is penal but not excessive on the borrower. Timescales - 2-4 weeks. I'm aiming for drawdown within 4 weeks.
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