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Post by chris on Feb 6, 2014 13:36:18 GMT
New loan listed on the site.
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bugs4me
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Post by bugs4me on Feb 6, 2014 14:10:11 GMT
New loan listed on the site. Thanks Chris and it certainly helps having the documentation available in advance.
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Post by chris on Feb 6, 2014 14:24:30 GMT
Another one (like buses aren't they!) - this one is Furniture Retailer and is £700k, 60% LTV, 12.5% per annum interest.
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Post by batchoy on Feb 6, 2014 14:36:01 GMT
Another one (like buses aren't they!) - this one is Furniture Retailer and is £700k, 60% LTV, 12.5% per annum interest. So where's the third one, buses always come in threes 
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Post by pepperpot on Feb 6, 2014 14:52:27 GMT
Another one (like buses aren't they!) - this one is Furniture Retailer and is £700k, 60% LTV, 12.5% per annum interest. So where's the third one, buses always come in threes Just to be pedantic, I thought it ended "and then two come along at once". Maybe that's just the northern version, we're not as optimistic up 'ere in the bleak wastelands.
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Post by andrewholgate on Feb 6, 2014 16:06:52 GMT
Third one is on my desk, but maybe tomorrow before it leaves the depot. So to speak.
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Post by chris on Feb 7, 2014 14:20:18 GMT
Another one (like buses aren't they!) - this one is Furniture Retailer and is £700k, 60% LTV, 12.5% per annum interest. So where's the third one, buses always come in threes The third is now on the site - auction 71.
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merlin
Minor shareholder in Assetz and many other companies.
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Post by merlin on Feb 7, 2014 14:45:48 GMT
So where's the third one, buses always come in threes The third is now on the site - auction 71. When will this one be open for Pre-bids?
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Post by chris on Feb 7, 2014 14:48:16 GMT
merlin - our new policy is that we will only open for prebids when the full credit report is available and therefore an auction start date has been set.
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merlin
Minor shareholder in Assetz and many other companies.
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Post by merlin on Feb 7, 2014 15:00:34 GMT
Hi Chris. Thanks for putting me right but when you are my age and suffering from advanced fuddyitus you can only take a few changes at a time and I must admit I am already feeling seriously overwhelmed I guess there must be quite a few more with similar problems with trying to keep up.
Stability, stability, oh for some stability!!!! KISS used to be my watchword a few decades back when I worked in IT!
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Post by paul123 on Feb 8, 2014 7:24:47 GMT
Concerning the loan of the thread title:
This is to finance a deal between family members, it's of a short duration, it's for a small amount of money, it's for a not particularly high rate of interest. Can someone enlighten me as to any positives?
The only one I can see is that if the drawdown happens quickly AND the sale happens quickly AND the borrow repays early AND this all happens within the three month minimum interest period (not sure when the clock for that starts ticking though) THEN it might be a good deal.
Am I missing something?
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Post by chielamangus on Feb 8, 2014 9:58:39 GMT
Concerning the loan of the thread title: This is to finance a deal between family members, it's of a short duration, it's for a small amount of money, it's for a not particularly high rate of interest. Can someone enlighten me as to any positives? The only one I can see is that if the drawdown happens quickly AND the sale happens quickly AND the borrow repays early AND this all happens within the three month minimum interest period (not sure when the clock for that starts ticking though) THEN it might be a good deal. Am I missing something? In short, No! And there are other issues, some picked up in the Q&A (though not much in the way of A), which many might add to the negatives. But I doubt that the majority of investors, on this platform and others, are actually overconcerned with this type of detail, so desperate are they to escape the rapacious claws of the banks & building societies whose savings rates have just fallen again - just when one thought they could go no further.
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agent69
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Post by agent69 on Feb 8, 2014 10:23:46 GMT
Concerning the loan of the thread title: This is to finance a deal between family members, it's of a short duration, it's for a small amount of money, it's for a not particularly high rate of interest. Can someone enlighten me as to any positives? The only one I can see is that if the drawdown happens quickly AND the sale happens quickly AND the borrow repays early AND this all happens within the three month minimum interest period (not sure when the clock for that starts ticking though) THEN it might be a good deal. Am I missing something? so desperate are they to escape the rapacious claws of the banks & building societies Or possibly desperate to be rid of FC The borrower doesn't appear to be very talkative, so thing I'll give this one a miss
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bugs4me
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Post by bugs4me on Feb 8, 2014 10:51:36 GMT
so desperate are they to escape the rapacious claws of the banks & building societies Or possibly desperate to be rid of FC The borrower doesn't appear to be very talkative, so thing I'll give this one a miss I often thought there was a sort of 'evasive' approach taken by borrowers to relevant questions. Many questions were simply ignored. Then it dawned on me that as many loan applications are made by agents who maybe are not the most responsive bunch the actual proposed borrower is never asked the question. Just a thought.
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agent69
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Post by agent69 on Feb 8, 2014 12:20:22 GMT
I'm not big on asking questions as there are others out there more knowledgeable than me who can probably ask far more penetrating questions. However, I would like to know the precise nature of the administrative error that resulted in the building having no insurance when the fire started.
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