bfish
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Post by bfish on Jun 4, 2017 0:13:14 GMT
Does anyone know what's really happening with this loan ?
Auction has been promised (it seems) for months AND months . . .
Lendy's are receiving around £45,000 p a rent - where is this going?
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SteveT
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Post by SteveT on Jun 5, 2017 8:30:51 GMT
Does anyone know what's really happening with this loan ? Auction has been promised (it seems) for months AND months . . . Lendy's are receiving around £45,000 p a rent - where is this going? Bump (on @bfish's behalf)
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bfish
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Post by bfish on Jun 7, 2017 11:27:54 GMT
Loan thread for discussion here  No auction online AFAICS Good question, and good observations from the details in the VR. Paul64 , Lendy Support - care to comment? Not only on this loan but also any loan where there is an income (Somerset Tenanted Office Block etc.) - what happens to this income? Hi 'Cool Dude'. Pls excuse my ignorance but what is AFAICS ? Alas, it seems Paul @lendy doesn't care to comment . . . !? Must try 'n contact directly (not that that seems to make much difference!) LOL
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Post by trentenders on Jun 7, 2017 11:35:58 GMT
As Far As I Can See
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bfish
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Post by bfish on Jun 13, 2017 13:35:58 GMT
Loan thread for discussion here No auction online AFAICS Good question, and good observations from the details in the VR. Paul64 , Lendy Support - care to comment? Not only on this loan but also any loan where there is an income (Somerset Tenanted Office Block etc.) - what happens to this income? In the absence of any proper reply from Lendy, my Mother has sent them the following:- Dear George, Thank you for your email and I note the further update... but it doesn't answer my questions. 1. Please can you explain why there is no internet evidence of the property being 'for sale' ? 2. Please can you confirm you are receiving £45,000 p.a. rent (or is it actually £55,000) ? 3. Please can you explain where this money goes? Surely it could be used to cover some or all of Lenders' interest payments? 4. I note an auction slot was booked over 3 months ago - what happened, please ? Yours sincerely...
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bfish
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Post by bfish on Jun 24, 2017 11:10:35 GMT
Great news!
As of early Thurs, Paul @lendy is 'looking into it...'!
AND George @lendy also told me Thurs A.M. 'We are currently seeking the information you require from the relevant department, and when I retrieve this information I shall inform you accordingly.'
Now I can relax . . . can't I ?
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bfish
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Post by bfish on Jul 5, 2017 15:01:49 GMT
Just in case any of the other 899 investors are interested, the Recent Update stating the property will be auctioned in the last week of July is erroneous.
I am reliably informed by the Agents that it won't be until 30th August - with completion (if sold) at the end of September.
I have advised Paul @lendy accordingly.
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bfish
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Post by bfish on Jul 7, 2017 16:54:57 GMT
Sadly, no comment or even acknowledgement from Paul . . . !
But most recent update now:
'Auction scheduled for 30th August as the long stop disposal option. Agents are progressing marketing in the meantime.'
Phew!
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bfish
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Post by bfish on Jul 19, 2017 23:35:21 GMT
For anyone interested, there IS now evidence of the property actually being 'on the market' - at least ready for auction 30th August !!
Here's the link:- <link identifying asset on which a loan is secured redacted>
Happy days ;-)
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Post by p2plender on Jul 20, 2017 1:11:12 GMT
Quite often this place is a waste of time.
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registerme
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Post by registerme on Jul 20, 2017 12:42:33 GMT
bfish forum rule 4, which you agreed to adhere to when you registered, states "4. DO NOT post information, links, attachments, images or any material that allows a borrower, their companies or their assets to be identified, either directly or indirectly".
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bfish
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Post by bfish on Jul 21, 2017 9:37:50 GMT
OK... Got it - RESPECT !
Sorry, I'm still a newby round here.
For anyone still interested, just look on 'Rightmove' - yeah?
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bfish
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Post by bfish on Jul 27, 2017 9:28:56 GMT
Can't help but wonder who the 5 investors are who have just bought up the whole (£12K+) of the SM for this loan !? Do they all work for Lendy, by any chance ? Whoever you are, would you like to buy another £900 . . . pl-e-a-s-e...  ? |
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toffeeboy
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Post by toffeeboy on Jul 31, 2017 16:35:04 GMT
Can't help but wonder who the 5 investors are who have just bought up the whole (£12K+) of the SM for this loan !? Do they all work for Lendy, by any chance ? Whoever you are, would you like to buy another £900 . . . pl-e-a-s-e... ? What is there to suggest that they work for Lendy?
The auction date gives a good idea of when this loan will repay, looking at it there is an annual letting income of £45k so just short of 10% return so there is a good chance it will sell somewhere around the valuation. If this happens then this will be repaid in just over a month probably with a 5% bonus so looks a good investment to me if you have any funds spare (which I don't at moment otherwise I would take your £900 off you with pleasure)
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elsee
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Post by elsee on Aug 1, 2017 8:56:22 GMT
Can't help but wonder who the 5 investors are who have just bought up the whole (£12K+) of the SM for this loan !? Do they all work for Lendy, by any chance ? Whoever you are, would you like to buy another £900 . . . pl-e-a-s-e... ? What is there to suggest that they work for Lendy?
The auction date gives a good idea of when this loan will repay, looking at it there is an annual letting income of £45k so just short of 10% return so there is a good chance it will sell somewhere around the valuation. If this happens then this will be repaid in just over a month probably with a 5% bonus so looks a good investment to me if you have any funds spare (which I don't at moment otherwise I would take your £900 off you with pleasure)
I have an odd tenner so had a look at this, you can't purchase so all the "investments" must be cancelled loan sales.
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