j
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Penguins are very misunderstood!
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Post by j on Dec 2, 2015 10:18:03 GMT
Wow! Icannot recall whether I'd put £500 or £1k pre-fund but, at best I got 42%(a snip over £200) allocated. Out of a loan of £1.3m that is some strong demand. Keep them coming SS,there's obviously a lot of investors out there!
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11025
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Post by 11025 on Dec 2, 2015 10:21:02 GMT
It might be some new technology that allows you to suspend floor 6 in mid-air. Sky hooks? When I was a first year apprentice I was sent to the stores for some sky hooks and a long stand. After waiting for about 40 minutes the storesman told me that they had run out of sky hooks but that as I'd had my long stand I could go back to my department now! There are some things you never forget.  Oh yes , that along with the "long weight" (wait) 
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davex
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Post by davex on Dec 2, 2015 13:48:22 GMT
Wow! Icannot recall whether I'd put £500 or £1k pre-fund but, at best I got 42%(a snip over £200) allocated. Out of a loan of £1.3m that is some strong demand. Keep them coming SS,there's obviously a lot of investors out there! I pre funded £1k, got about £400. have 2 more pre funds in @ £1k each, if i get the same result i may have to start looking elsewhere. The secondary market is a closed book to me, am never on a the right time.
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adrianc
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Post by adrianc on Dec 2, 2015 13:55:28 GMT
Wow! Icannot recall whether I'd put £500 or £1k pre-fund but, at best I got 42%(a snip over £200) allocated. Out of a loan of £1.3m that is some strong demand. Keep them coming SS,there's obviously a lot of investors out there! £3m prefund commitment. The biggest so far - but not by a heck of a lot. 66 was £2.8m, 57 was £2.5m, 67 was £2.4m. Definitely on the rise, as people start to figure out how much to game the pre-fund to get what they want... p2pindependentforum.com/thread/3253/pre-funding-informationBe interesting to see how much gets committed for Hull and Newcastle, which are SO big that there's no hope they'll do anything but 100%. Sunningdale might not quite get to 100%. A large slice depends on how long since the last launch, of course. Especially now that buying on the SM is utterly impossible, instead of just being really difficult.
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Post by duncandive on Dec 2, 2015 15:24:12 GMT
Wow! Icannot recall whether I'd put £500 or £1k pre-fund but, at best I got 42%(a snip over £200) allocated. Out of a loan of £1.3m that is some strong demand. Keep them coming SS,there's obviously a lot of investors out there! £3m prefund commitment. The biggest so far - but not by a heck of a lot. 66 was £2.8m, 57 was £2.5m, 67 was £2.4m. Definitely on the rise, as people start to figure out how much to game the pre-fund to get what they want... p2pindependentforum.com/thread/3253/pre-funding-informationBe interesting to see how much gets committed for Hull and Newcastle, which are SO big that there's no hope they'll do anything but 100%. Sunningdale might not quite get to 100%. A large slice depends on how long since the last launch, of course. Especially now that buying on the SM is utterly impossible, instead of just being really difficult. I would imagine that the way things are going, it will be The Smaller The Loan.. The Greater The Pre-Fund Total. Example; with a PBL of say £300,000. If I Want to achieve an investment of £1,000, I end up making a Pre-Fund Request for £10,000 or maybe even £15,000. Now Multiply that by the number of users all looking to get invested in that single loan... I think we should see if we can get 'Guiness' interested in a new World Record attemp  Hmmm some one has already mentioned this ages ago I'm sure...'Scratches Head Yet Again'
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twoheads
Member of DD Central
Programming
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Post by twoheads on Mar 2, 2017 18:12:12 GMT
Presumably, as the remaining term is now 91 days, this one's interest status must have changed from SBL to IA in the last 24 hours.
Unfortunately, my monitoring program needs an update - it's not yet checking the status... working on it.
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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 2, 2017 21:05:44 GMT
Presumably, as the remaining term is now 91 days, this one's interest status must have changed from SBL to IA in the last 24 hours.
Unfortunately, my monitoring program needs an update - it's not yet checking the status... working on it. It did, though its another one of those anomalies where the term is running from launch not drawdown 7/12. PBL084 will tick over in the next 24hrs. Ive got indicators in the updates list for loans that will change/have changed status within 7 days (though PBL84 seems to have lost its) and an need a new one for PBL006 which jumped 2 classes.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Mar 17, 2017 15:04:46 GMT
Update...
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ingwer
Member of DD Central
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Post by ingwer on Dec 22, 2017 14:15:01 GMT
From Lendy:
"After reviewing the borrower’s offer of refinance, we instructed an agent to obtain an opinion on the property’s current valuation. This opinion has now been received and a final decision will be made on the offer of refinance shortly where it would only be sufficient to repay capital to investors and not accrued interest and bonus accrual."
Firstly, a repayment is always good news. Is the Lendy policy that the provision fund is now solely for capital losses and not accrued interest. Is that new ? Not sure I have seen this admission before but happy to be corrected. (Repayment of the bonus accrual seems a fantasy scenario to me on any default loan. )
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steve11523
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Post by steve11523 on Dec 22, 2017 16:06:48 GMT
The notes on the Provision Fund that I have read do not specify whether it will cover the interest of defaulted loans. I think that I have seen capital repayments on other loans where Lendy state that recovery of interest is dependent on getting further funds from the defaulter/guarantor. I am ok with the Fund being used solely for capital. There must be some doubt as to whether the Fund can cover even the capital on expected future defaults.
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69m
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Post by 69m on Dec 3, 2018 15:43:35 GMT
If today's update is to be believed, then the subject property will be sold imminently for a figure that's 51% of its original security value or 73% of the loan amount.
Either the price of equestrian land has collapsed, or this is yet more evidence that some RICS firms really shouldn't be allowed to practise.
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quidco
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Post by quidco on Dec 3, 2018 18:35:26 GMT
It's interesting to look back on the 2015 posts on this thread and see the demand there was for this loan.
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Mucho P2P
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Post by Mucho P2P on Dec 3, 2018 20:14:51 GMT
It's interesting to look back on the 2015 posts on this thread and see the demand there was for this loan. I recall one-day several years ago, receiving an email from Tim/Liam (can not recall which one now) as they had disabled my account as I was one of 6 (I think) constantly on the site and purchasing the loan parts! After my explanation to SS, they reactivated my account and introduced the stupid captcha shortly afterward. I did not purchase the volumes like in the past, as I have arthritis and could not operate the mouse quickly enough for the captchas. How times change - I have kept the email correspondence for old times sake. Maybe L want to consider removing the captcha subroutine now?
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star dust
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Post by star dust on Dec 3, 2018 21:14:15 GMT
It's interesting to look back on the 2015 posts on this thread and see the demand there was for this loan. I recall one-day several years ago, receiving an email from Tim/Liam (can not recall which one now) as they had disabled my account as I was one of 6 (I think) constantly on the site and purchasing the loan parts! After my explanation to SS, they reactivated my account and introduced the stupid captcha shortly afterward. I did not purchase the volumes like in the past, as I have arthritis and could not operate the mouse quickly enough for the captchas. How times change - I have kept the email correspondence for old times sake. Maybe L want to consider removing the captcha subroutine now?You mean it still exists? - who knew 
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11025
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Post by 11025 on Feb 1, 2019 16:45:16 GMT
This loan has now been repaid. Please see the loan specific update on this recovery which will outline the repayment breakdown. This will be published on 4 February
Something to look forward to on Monday - or not .....
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