star dust
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Post by star dust on Dec 7, 2015 16:42:31 GMT
We have some numbers in the pipeline, but still no docs yet. I assume the last number is an error (or it might have a very long wait). Not that numbers necessarily mean they will be the next up, but it's a fair indicator.
In Edit: last loan number "error" noted above now corrected on site, so changed thread title too.
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SteveT
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Post by SteveT on Dec 7, 2015 16:52:28 GMT
We have some numbers in the pipeline, but still no docs yet. I assume the last number is an error (or it might have a very long wait). Not that numbers necessarily mean they will be the next up, but it's a fair indicator. I guess these 3 may all launch on the same day, which could cause a few fevered brows...
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ablender
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Post by ablender on Dec 7, 2015 17:17:50 GMT
Get out of my way! . . . . Hey, ey . . . you too. Leave that for me.  |
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adrianc
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Post by adrianc on Dec 7, 2015 17:39:30 GMT
Would I be way out of line in assuming these are related to PBL37/38/39?
I presume "0871" is a typo...
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Post by brokenbiscuits on Dec 7, 2015 18:00:42 GMT
Those 3 are not going to put much of a dent in the demand. Time to unleash one of the big boys!
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sqh
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Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Dec 7, 2015 18:24:48 GMT
We have some numbers in the pipeline, but still no docs yet. I assume the last number is an error (or it might have a very long wait). Not that numbers necessarily mean they will be the next up, but it's a fair indicator. Documents available now.
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Post by solicitorious on Dec 7, 2015 18:45:05 GMT
I notice the LTVs have jumped from 60% to 65% on all three. Why the largesse, savingstream? |
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paulg
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Post by paulg on Dec 7, 2015 20:28:47 GMT
savingstream: I notice that in the Loan Particulars for PBL069 the Total Security is given as £1,850,000. How is that figure arrived at?
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ilmoro
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'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 Dec 7, 2015 22:49:03 GMT
So nowhere does it say that these loans are linked to the previous PBL37, 38 & 39 though they clearly are as the planning applicant for the application cited by the valuers for the new loans is the same as the loan applicant in the earlier loan and I would assume that the purpose of these loans is to provide working capital for the guesthouse.
Valuations seem very sketchy, PBL69 doesnt seem to be based on anything - the rental value is for a different property and the comparisons bear no relation to the actual use of the buidling, and much is based on borrowers info only.
Struggling to see why this is split into multiple loans as these plus the original Guesthouse seem indivisible and surely couldnt be sold/refinanced seperately.
Will be massively overscribed of course
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oldgrumpy
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Post by oldgrumpy on Dec 7, 2015 23:07:03 GMT
...Will be massively overscribed of course...
Then we'll all shout, "eh? Nun available?" .... ermmmm! 
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ilmoro
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'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 Dec 7, 2015 23:11:08 GMT
...Will be massively overscribed of course...
Then we'll all shout, "eh? Nun available?" .... ermmmm!
Going to be a 'run on the nuns' 
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oldgrumpy
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Post by oldgrumpy on Dec 7, 2015 23:29:12 GMT
I tried to put a bet on a horse yesterday but my selection was a nun-runner  Bring on the nunpuns .......  I went to the Saturday morning flicks and the woman in the kiosk said, "do you wunt a sixpenny wun or a nunpunny wun?" Ooooh!  Here's Wynne Evans singing "Nun shall sleep" Go to bed Grumples!!! |
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paulg
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Post by paulg on Dec 8, 2015 0:47:01 GMT
So nowhere does it say that these loans are linked to the previous PBL37, 38 & 39 though they clearly are as the planning applicant for the application cited by the valuers for the new loans is the same as the loan applicant in the earlier loan and I would assume that the purpose of these loans is to provide working capital for the guesthouse. Valuations seem very sketchy, PBL69 doesnt seem to be based on anything - the rental value is for a different property and the comparisons bear no relation to the actual use of the buidling, and much is based on borrowers info only. Struggling to see why this is split into multiple loans as these plus the original Guesthouse seem indivisible and surely couldnt be sold/refinanced seperately. Will be massively overscribed of course So effectively PBL37, PBL38, PBL39, PBL69, PBL70, and PBL71 are one borrower one project, and SS didn't think it was worth mentioning in the particulars for PBL69-71 that PBL38 and 39 are wedged between and attached to PBL70 and 71. Hmmm . . . And presumably the earlier loans are under the old terms and the new loans will be under the new terms.
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Post by dodgeydave on Dec 8, 2015 2:51:04 GMT
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ablender
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Post by ablender on Dec 8, 2015 7:51:06 GMT
can anyone suggest useful search terms?
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