merlin
Minor shareholder in Assetz and many other companies.
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Post by merlin on Aug 12, 2014 22:16:36 GMT
our grand little ones will actually be banned after they appear. Och...try having the little &%£" 24/7  PS I am a nice & patient dad....when they're at school  All my kids are over 50 but can still be a pain in the nether regions occasionally. However the grand kids are great but the great grand kids are even better and you can at least give them back when you are fed-up with them.
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Aug 13, 2014 9:22:21 GMT
Further to the q above, it seems units have sold steadily on AM over last few days! Is it really worth buying them to get the extra default rate when we don't really know how things will develop, or for how long the enhanced rate will last? It could be a week, a month or longer? Obviously some are happy to take the risk, even if it is very short-lived! The way I read it, the borrower has the offer of a loan from another lender (which they have accepted) however it is not large enough to pay off the AC loan completely so we should get a partial repayment on the 14 th the remainder is being covered via another property so the shortfall could take some time depending on when work was started on releasing the additional funds. If the funds are being released by a property sale we could be talking 8-12 weeks similarly if the funds are being released via a loan against another property then it could take a similar amount of time depending on the legals. I doubt very much that AC would allow a partial payment on this loan as it would lose security on any residual amount.Far more likely is that we will have to wait for full repayment while receiving default interest.
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j
Member of DD Central
Penguins are very misunderstood!
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Post by j on Aug 13, 2014 9:25:58 GMT
Far more likely is that we will have to wait for full repayment while receiving default interest. Which, in a twisted way of thinking, might be better as it incentivises the borrower to repay asap to avoid paying higher default interest for longer
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Post by davidricketts1 on Aug 13, 2014 9:27:10 GMT
Far more likely is that we will have to wait for full repayment while receiving default interest. Which, in a twisted way of thinking, might be better as it incentivises the borrower to repay asap to avoid paying higher default interest for longer You're both correct. We wouldn't release your security without full repayment.
And doing it that way does provide an incentive....
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ianj
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Post by ianj on Aug 13, 2014 11:47:45 GMT
Which, in a twisted way of thinking, might be better as it incentivises the borrower to repay asap to avoid paying higher default interest for longer You're both correct. We wouldn't release your security without full repayment.
And doing it that way does provide an incentive....
I'm not sure we're any the wiser as to whether a partial repayment will be received, or will shed purchases have to be postponed? 
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Post by davidricketts1 on Aug 13, 2014 11:59:50 GMT
You're both correct. We wouldn't release your security without full repayment.
And doing it that way does provide an incentive....
I'm not sure we're any the wiser as to whether a partial repayment will be received, or will shed purchases have to be postponed? Unfortunately B&Q (other DIY stores are available...) will be short a shed purchase until we get full repayment. No partial repayments given the residual debt would be unsecured.
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merlin
Minor shareholder in Assetz and many other companies.
Posts: 902
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Post by merlin on Aug 13, 2014 12:02:55 GMT
1anj looks like you need an interim solution. Have you thought about a tent? There seem to be lots of bargains about now as the summer draws towards a close.
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
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Post by j on Aug 13, 2014 12:20:15 GMT
Wigwams are making a comeback, how about one of them?  |
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ianj
Member of DD Central
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Post by ianj on Aug 13, 2014 12:58:00 GMT
1anj looks like you need an interim solution. Have you thought about a tent? There seem to be lots of bargains about now as the summer draws towards a close. Personally, sheds aren't high on my list of priorities as I don't possess a garden. I was more interested to know in order to decide whether to buy on the AM for the default rate, which I didn't consider worthwhile if the majority of the loan was about to be repaid. Incidentally, what difference is there, regarding security, between this loan and FF, where a partial payment has been accepted and the residual debt is still subject to security?
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Post by Jack Barlow on Aug 13, 2014 13:15:27 GMT
"Incidentally, what difference is there, regarding security, between this loan and FF, where a partial payment has been accepted and the residual debt is still subject to security?"
All security on FF has been relinquished except for the PGs
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Aug 13, 2014 13:19:43 GMT
1anj looks like you need an interim solution. Have you thought about a tent? There seem to be lots of bargains about now as the summer draws towards a close. Personally, sheds aren't high on my list of priorities as I don't possess a garden. I was more interested to know in order to decide whether to buy on the AM for the default rate, which I didn't consider worthwhile if the majority of the loan was about to be repaid. Incidentally, what difference is there, regarding security, between this loan and FF, where a partial payment has been accepted and the residual debt is still subject to security? Other than PG's I'm afraid the security on FF is now zilch.
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oldgrumpy
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Post by oldgrumpy on Aug 13, 2014 13:39:41 GMT
I'm expecting a substantial result from the share portfolio - awaiting news on that.
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merlin
Minor shareholder in Assetz and many other companies.
Posts: 902
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Post by merlin on Aug 13, 2014 13:44:24 GMT
I'm expecting a substantial result from the share portfolio - awaiting news on that. Snap!!!!!
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andy2001
Member of DD Central
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Post by andy2001 on Aug 13, 2014 14:21:40 GMT
Personally, sheds aren't high on my list of priorities as I don't possess a garden. I was more interested to know in order to decide whether to buy on the AM for the default rate, which I didn't consider worthwhile if the majority of the loan was about to be repaid. Incidentally, what difference is there, regarding security, between this loan and FF, where a partial payment has been accepted and the residual debt is still subject to security? Other than PG's I'm afraid the security on FF is now zilch. The PG is backed buy a 250k charge on shares.
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Aug 13, 2014 14:35:28 GMT
Other than PG's I'm afraid the security on FF is now zilch. The PG is backed buy a 250k charge on shares. Mmmm
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