Balder
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Post by Balder on Aug 31, 2018 19:21:50 GMT
Lendys naive words must be killing them now "It is all about the security, not the borrower". Have they learnt, recent events on other loans prove not.
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nsinvestor
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Post by nsinvestor on Oct 1, 2018 15:13:12 GMT
Des and Victor and the rest of the happy family have FINALLY been evicted.
Yeah ha.
I sold out of this loan a long while ago but have been keeping a watching brief on proceedings to see exactly how long the P******* family would give Lendy the run around.
I just hope they have actually checked they have left and they aren't in there about to claim squatters rights....
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TenKay
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Post by TenKay on Oct 8, 2018 17:53:40 GMT
recent update says one plan is to rent out the property, how does that work ? do we just get drip fed little bits of rent ?
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elliotn
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Post by elliotn on Oct 9, 2018 7:30:28 GMT
recent update says one plan is to rent out the property, how does that work ? do we just get drip fed little bits of rent ? With long term tenants the prop can then be re-sold to investors by capitalising the future rent receivables (as opposed to looking for an owner taking over at vacant possession value ie tin shed).
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Post by GSV3MIaC on Oct 9, 2018 12:22:10 GMT
Yeah, all you need is long term, guaranteed-not-to-go-bust tenants, with upward only rent reviews, and a property with low ongoing maintenance costs. Doddle really. Don't hold you breath.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 27, 2019 17:57:40 GMT
According to comments in Mr Sidebottom's gaff, this has now sold pre-auction to a yogurt.  |
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Post by harryvederci on Mar 27, 2019 18:11:11 GMT
and will no doubt continue as a rhubarb production facility
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adrianc
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Post by adrianc on Mar 29, 2019 17:01:52 GMT
36.4% repaid today.
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Monetus
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Post by Monetus on Mar 29, 2019 17:03:52 GMT
Blimey! Another "enhanced" recovery.....
Any breakdown provided for this one regarding fees etc?
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adrianc
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Post by adrianc on Mar 29, 2019 17:30:08 GMT
Blimey! Another "enhanced" recovery..... Any breakdown provided for this one regarding fees etc? Security sold yesterday. Now the enforcement of the rest begins...
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Monetus
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Post by Monetus on Mar 29, 2019 17:32:55 GMT
Blimey! Another "enhanced" recovery..... Any breakdown provided for this one regarding fees etc? Security sold yesterday. Now the enforcement of the rest begins... So no mention of the sale price achieved and no breakdown of fees taken by Lendy/recovery partners? Seems like a similar story to PBL0068.... I'm sensing a pattern emerging here. £731,543 returned on a tin shed allegedly worth £2.87 million. Another outstanding maximum 70% LTV valuation 
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Post by charliebrown on Mar 29, 2019 17:47:34 GMT
36.4%. Ouch!!!!!  |
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garfield
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Post by garfield on Mar 30, 2019 9:19:22 GMT
"We will be providing more information relating to this loan via a new loan specific private portal which will go live in the next few weeks." So we'll have to wait and see...
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Post by picanto on Mar 30, 2019 11:30:01 GMT
Yet another loan that was widely overvalued. Why is it on the properties that have sold below the valuation value, the valuation has been massively way off the sale price? If the sale value was in the region of 80-90% of the loan value then I could understand, but a child could have a more accurate guess at valuing these properties than some of the so called "Professional RICS valuers". This loan should be moved to the "Claims underway" section as well and the total claims underway figure is rising...
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Post by p2plender on Mar 30, 2019 14:26:00 GMT
36.4%....
"We're good at what we do"
"We're good at what we do"
"We're good at what we do"
Keep saying it and suddenly you start believing it..
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