bugs4me
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Post by bugs4me on Jan 29, 2014 17:18:11 GMT
Who's responsible for the drains in Hackney? Do they still pong?  Gone or going upmarket since the Olympic's. Plus you need to get it right - it's called 'ackney not Hackney 
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alison
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Sanctuary!!
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Post by alison on Jan 29, 2014 17:18:18 GMT
Who's responsible for the drains in Hackney? Do they still pong? Talk to Diane Abbott about it!! 
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oldgrumpy
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Post by oldgrumpy on Jan 29, 2014 17:27:27 GMT
Who's responsible for the drains in Hackney? Do they still pong? Talk to Diane Abbott about it!! I wonder if Diane is aware of the impact Minnie and Henry had on her constituency!
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mikes1531
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Post by mikes1531 on Jan 29, 2014 22:48:29 GMT
A bit more underwriting now -- £770k -- but still a long way to go. (£1.2M still needed.) Since the auction was set up with a short deadline -- the close of business on Friday -- I presume AC have some more underwriters on standby. I haven't figured out why the auction is set to end Friday afternoon rather than Monday morning. Surely they're not planning to draw down at 1800 on Friday, or during the weekend, so why not leave it available through the weekend in the hope that more small lenders would bid and relieve some of the pressure on the underwriters? Maybe there will still be the availability to bid after close to take out underwriting. That's certainly a possibility. Have they done that before? In any case, I wouldn't have thought they could close the auction without it being fully funded. Unless a whole lot of underwriting money arrives tomorrow -- £1.17M still required -- it looks like the 'end' time of this auction will have to be extended.
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bugs4me
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Post by bugs4me on Jan 29, 2014 23:02:32 GMT
Maybe there will still be the availability to bid after close to take out underwriting. That's certainly a possibility. Have they done that before? In any case, I wouldn't have thought they could close the auction without it being fully funded. Unless a whole lot of underwriting money arrives tomorrow -- £1.17M still required -- it looks like the 'end' time of this auction will have to be extended. IIRC, provided they have the loan fully funded with underwriting then bids are still accepted. Probably each loan is treated differently. I'll probably wait for the aftermarket on this one anyway.
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Post by pepperpot on Jan 30, 2014 14:18:16 GMT
Now has over £1.8m underwritten and is fully funded. With a short auction and 'quick' drawdown indicated in the details, I'm hopeful this one won't be in limbo for too long.
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andy2001
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Post by andy2001 on Feb 11, 2014 18:27:07 GMT
I hear it may be drawndown tomorrow.
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agent69
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Post by agent69 on Feb 11, 2014 18:48:24 GMT
I didn't participate in the original auction due to concerns over the draw down timescale. May be some loan parts appearing soon on the aftermarket?
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Post by pepperpot on Feb 11, 2014 18:50:00 GMT
I hear it may be drawndown tomorrow. Where did you get the info?
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andy2001
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Post by andy2001 on Feb 11, 2014 18:53:32 GMT
I hear it may be drawndown tomorrow. Where did you get the info? An Assetz Capital email asking me to settle a shadow bid.
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andy2001
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Post by andy2001 on Feb 11, 2014 21:16:43 GMT
Excuse me asking but what is a shadow bid? If you have invested over 10k in Assetz Capital you can get get a showdown bid account limit where you can make unfunded bids that have to be funded before drawdown, but not when you make the bid.
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bugs4me
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Post by bugs4me on Feb 11, 2014 22:17:45 GMT
I didn't participate in the original auction due to concerns over the draw down timescale. May be some loan parts appearing soon on the aftermarket? Think you'll find that where an underwriter is involved there will always be an aftermarket for loan parts.
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Jim
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Post by Jim on Feb 11, 2014 22:34:59 GMT
If you have invested over 10k in Assetz Capital you can get get a showdown bid account limit where you can make unfunded bids that have to be funded before drawdown, but not when you make the bid. Must be more to the criteria than a £10K investment as I have never seen the shadow bid option appear in any auction. Do you have to apply for it?
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Post by bracknellboy on Feb 11, 2014 22:37:54 GMT
Excuse me asking but what is a shadow bid? Contrary to other replies you might receive, I think you will find that this term refers to any bids made by one or more of the nine Nazgûl (a.k.a. Ring Wraiths). When buying on the secondary market you should be particularly vigilant to ensure you do not pick up a loan part that was a Shadow Bid: otherwise you too will find yourself bound to the One Ring and be inexorably seduced by its power. P.S. I hear that a ransom fee of £10k may be sufficient to set you free from its bonds.
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Post by pepperpot on Feb 11, 2014 22:45:39 GMT
P.S. I hear that a ransom fee of £10k may be sufficient to set you free from its bonds. I must have skipped that chapter. Why on (middle) earth did they go all the way to Mordor then? Should have stopped on the way at Wonga.
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