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Post by dodgeydave on Oct 20, 2016 8:02:32 GMT
Due to be repaid today. I expect the money will go through this morning. Maybe the other one will repay today. It maybe not. 
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Post by geraldine1210 on Oct 20, 2016 8:32:29 GMT
Due to be repaid today. I expect the money will go through this morning. Maybe the other one will repay today. It maybe not. Are you basing that on anything more than guesswork? I'm typing with tongue firmly in cheek.
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Post by geraldine1210 on Oct 20, 2016 8:34:15 GMT
Due to be repaid today. I expect the money will go through this morning. Maybe the other one will repay today. It maybe not. I was chuckling too much with wry mirth, to see our porcine friend as he flew past.
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Post by geraldine1210 on Oct 20, 2016 8:37:11 GMT
Are we expecting this loan to go into administration shortly?
Perhaps some reassurance from saving stream.
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mikes1531
Member of DD Central
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Post by mikes1531 on Oct 20, 2016 20:08:37 GMT
Are you basing that on anything more than guesswork? I thought the comment was based on SS's stated policy of providing us with accurate updates. Or had that policy not been adopted at the time of the month-ago update? Hmm... Maybe the new policy is to blame for the distinct lack of updates lately. 
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elliotn
Member of DD Central
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Post by elliotn on Oct 21, 2016 10:28:05 GMT
An update of any material action would be welcome ie client meeting, site visit, source of latest discussions so we can assess where we are (what should be avoided is SS bullishly second guessing outcomes ('the word on the street') and influencing investment decisions ie PP is due imminently, R** will refinance next week and so on) which seemed to peeve some investors and may well be scrutinised by FCA.
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Post by dualinvestor on Oct 21, 2016 10:41:45 GMT
An update of any material action would be welcome ie client meeting, site visit, source of latest discussions so we can assess where we are (what should be avoided is SS bullishly second guessing outcomes ('the word on the street') and influencing investment decisions ie PP is due imminently, R** will refinance next week and so on. As the debtor is connected to another one where savingstream have already appointed receivers and this account is overdue, albeit by one day, one would have thought it should be high on their list of priorities to make an accurate update!
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seeingred
Member of DD Central
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Post by seeingred on Oct 21, 2016 11:40:50 GMT
It seems unhelpful to say the least to have the latest update as 'talking to us, well able to pay, discussions progressing well, repayment expected shortly' etc and all weeks out of date when the true position is known within SS to be quite different.
PBL069 is another example. From the SS updates all would look OK on that one too. Yet it is 40 days overdue. A meaningful update could have been provided weeks ago.
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Post by charliebrown on Oct 21, 2016 13:15:26 GMT
Hi, board members. I've been reading this board for a while but this is my first post. I've sunk quite a bit of my hard earned cash into SS over the last couple of months (more than I intended to, got a bit carried away). I like the simplicity of the interface and the rates but I felt compelled to post and agree with others that the updates given by SS on loans are terrible. They're either nonexistent, misleading or just plain wrong. I'm vested in PBL070 and the last update is "will repay 22nd September". I'm tempted to vote with my feet and take my money out. I feel if we can't trust the updates then we can't trust the platform.
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Post by dualinvestor on Oct 21, 2016 13:19:51 GMT
Hi, board members. I've been reading this board for a while but this is my first post. I've sunk quite a bit of my hard earned cash into SS over the last couple of months (more than I intended to, got a bit carried away). I like the simplicity of the interface and the rates but I felt compelled to post and agree with others that the updates given by SS on loans are terrible. They're either nonexistent, misleading or just plain wrong. I'm vested in PBL070 and the last update is "will repay 22nd September". I'm tempted to vote with my feet and take my money out. I feel if we can't trust the updates then we can't trust the platform. If you do want to sell now would seem a good time as most SM sales take only a few minutes even in loans where there are problems (except PBL020)
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Post by charliebrown on Oct 21, 2016 13:28:31 GMT
Hi, board members. I've been reading this board for a while but this is my first post. I've sunk quite a bit of my hard earned cash into SS over the last couple of months (more than I intended to, got a bit carried away). I like the simplicity of the interface and the rates but I felt compelled to post and agree with others that the updates given by SS on loans are terrible. They're either nonexistent, misleading or just plain wrong. I'm vested in PBL070 and the last update is "will repay 22nd September". I'm tempted to vote with my feet and take my money out. I feel if we can't trust the updates then we can't trust the platform. If you do want to sell now would seem a good time as most SM sales take only a few minutes even in loans where there are problems (except PBL020) Well, what I really meant was why don't they do better. Me selling up won't fix the problem and there are clearly other people who think that SS should improve, but thank you for the advice on when to sell. I sold 2k of 070 and it certainly hasn't gone "in a few minutes" it's still in the queue a few hours and counting 
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Post by harryvederci on Oct 24, 2016 13:27:08 GMT
Had an offer to refinance in full from the borrower, also received offers to purchase from our agents
Does that mean the borrower has asked Lendy to refinance it in full, or has the borrower offered to refinance it out elsewhere (subject to valuation)?
If the former, I assume that Lendy will be instructing their own independent valuation this time so as not to leave investors exposed
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SteveT
Member of DD Central
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Post by SteveT on Oct 24, 2016 13:34:08 GMT
Suspect it means the borrower has sent SS a copy of a refinance offer he has received.
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mikes1531
Member of DD Central
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Post by mikes1531 on Oct 24, 2016 14:52:13 GMT
Suspect it means the borrower has sent SS a copy of a refinance offer he has received. If so, then it's value depends on whether of not it's unconditional. If it's subject to conditions -- such as a satisfactory valuation or the borrower meeting the lender's criteria -- then it won't progress unless the conditions can be met, and who knows how likely that might be?
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Oct 24, 2016 16:10:51 GMT
Suspect it means the borrower has sent SS a copy of a refinance offer he has received. This particular borrower? Mmmm! No doubt SS knows more about him now than when the loan began .... don't they? Everything is OK then. 
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