|
|
Post by geraldine1210 on Aug 20, 2016 18:21:23 GMT
It is interesting to note that currently there is more (in absolute value) of PBL81 on the SM than the defaulted PBL20. (c.£130k vs c.£119k) So many people have faith in getting all their money back plus ALL interest from pbl 20. If I had money in there (got out instantly it defaulted, thank goodness), I would be very pleased to get back 100% of the capital. I wouldn't expect interest for the month of default and certainly wouldn't expect it to keep accruing after default.
|
|
goopy
Member of DD Central
Posts: 307 
Likes: 144
|
Post by goopy on Aug 20, 2016 18:24:40 GMT
People are still buying PBL081 so theres a chance, albeit small if youre at the back of the queue, that you may still be able to sell.
|
|
stokeloans
Member of DD Central
Posts: 402
Likes: 485
|
Post by stokeloans on Aug 21, 2016 15:08:28 GMT
Whilst everyone agrees this situation is far from ideal I think all may not be lost. In my limited experience, the planning process is very heavily weighted in favour of the applicant. The applicant has the right to appeal any refusal. On the other hand, objectors have no right of appeal for planning applications that are granted. Many Local Authorities are not keen on defending appeals in these cash strapped times and will bend over backwards to grant planning applications. It all depends on whether the LA believes an important principle is at stake that is worth the cost of defending an appeal. Like the guy who built a castle behind a wall of hay you mean ? He had to demolish it in the end
|
|
MarkT
Member of DD Central
Posts: 190
Likes: 159
|
Post by MarkT on Aug 22, 2016 7:02:24 GMT
Whilst everyone agrees this situation is far from ideal I think all may not be lost. In my limited experience, the planning process is very heavily weighted in favour of the applicant. The applicant has the right to appeal any refusal. On the other hand, objectors have no right of appeal for planning applications that are granted. Many Local Authorities are not keen on defending appeals in these cash strapped times and will bend over backwards to grant planning applications. It all depends on whether the LA believes an important principle is at stake that is worth the cost of defending an appeal. Like the guy who built a castle behind a wall of hay you mean ? He had to demolish it in the end Clearly there are limits. However, my Local Authority was content to approve as a "minor variation" a new build completely outside of the area defined in the original planning application, despite objections. They reasoned that the principle of allowing building in that general area had already been conceded.
|
|
lofty
Posts: 101
Likes: 104
|
Post by lofty on Aug 22, 2016 7:34:16 GMT
Not just planning to consider. I found some big delays when building my extension as the inspector for the building regulations was needed at key points. In this instance, either they're blind to miss that much square footage or they never visited during the build (it is the responsibility of the builder to alert the council that works have progressed). I'm going to guess its the latter in which case they may also have issues proving that they've followed guidelines - they could be made to rip up floors and walls just to prove drainage, insulation, correct materials etc.
That said, I did hear from my builder mumblings about getting your own inspectors, which I understand some larger building companies do. So maybe they did conform, but at the last minute forgot to stuff one of those brown envelopes with enough cash...
|
|
|
|
Post by retired2005 on Aug 24, 2016 11:07:02 GMT
One individual has taken a £20K chunk of this today....as well as several smaller bites.....
|
|
jonbvn
Member of DD Central
Posts: 326
Likes: 95
|
Post by jonbvn on Aug 24, 2016 14:17:40 GMT
It would be nice to know what SS's planning expert found.
|
|
|
|
Post by martin44 on Aug 24, 2016 20:49:06 GMT
It would be nice to know what SS's planning expert found. I am expecting no building control certs .
|
|
|
|
Post by robbobrum on Aug 25, 2016 7:18:16 GMT
My allocation just got sold within 3 days. Had 110k when I put it up to sell. Some big chunks being brought.
|
|
|
|
Post by Duane Dibley on Aug 25, 2016 8:42:38 GMT
All my "dodgy" loans now gone. Which do you consider to be "dodgy" loans? Personally I tend to sell any with less than 30 days remaining and reinvest that money into the new longer term loans.
|
|
Liz
Member of DD Central
Posts: 2,426
Likes: 1,297
|
Post by Liz on Aug 25, 2016 9:22:13 GMT
All my "dodgy" loans now gone. Which do you consider to be "dodgy" loans? Personally I tend to sell any with less than 30 days remaining and reinvest that money into the new longer term loans. Everyone employs this strategy! Where are all of the sold short-dated/negative loans parts going? The "loan monster"?
|
|
jimbob
Member of DD Central
Posts: 317
Likes: 74
|
Post by jimbob on Aug 25, 2016 9:25:15 GMT
Which do you consider to be "dodgy" loans? Personally I tend to sell any with less than 30 days remaining and reinvest that money into the new longer term loans. Everyone employs this strategy! Where are all of the sold short-dated/negative loans parts going? The "loan monster"? The loan monster is hungry, and enjoys eating 200k chunks at a time. Let us hope the garden centre deal is to his liking, so he will continue to eat well.
|
|
littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
Likes: 1,862
|
Post by littleoldlady on Aug 25, 2016 9:29:22 GMT
Which do you consider to be "dodgy" loans? Personally I tend to sell any with less than 30 days remaining and reinvest that money into the new longer term loans. Where are all of the sold short-dated/negative loans parts going? The "loan monster"? No we don't. I for one. This strategy does not eliminate the risk it merely rolls it forward into a longer term loan. If there is a rush to the exit those in short term loans will be better placed. IMO diversification is the best risk reduction strategy.
|
|
Liz
Member of DD Central
Posts: 2,426
Likes: 1,297
|
Post by Liz on Aug 25, 2016 9:44:03 GMT
Everyone employs this strategy! Where are all of the sold short-dated/negative loans parts going? The "loan monster"? No we don't. I for one. This strategy does not eliminate the risk it merely rolls it forward into a longer term loan. If there is a rush to the exit those in short term loans will be better placed. IMO diversification is the best risk reduction strategy. I was clearly exaggerating, it isn't possible for everyone to be selling and no one buying, yet for loans to be bought. It was merely "a figure of speech" I disagree with you, holding negative loans must have a higher default risk than a fresh 12 month term loan. Diversity is one strategy, there are many more. I don't want negative loans, just for the sake of diversity, hence i've recently sold pbl35,58,77,80 &81, good luck holding them, you might have to wait 18 months to get your capital back.
|
|
|
|
Post by dualinvestor on Aug 25, 2016 9:57:11 GMT
Everyone employs this strategy! Where are all of the sold short-dated/negative loans parts going? The "loan monster"? No we don't. I for one. This strategy does not eliminate the risk it merely rolls it forward into a longer term loan. If there is a rush to the exit those in short term loans will be better placed. IMO diversification is the best risk reduction strategy. The startegy Liz refers to is safe as long as the SM retains its liquidity, if it collapses suddenly then it has as great as risk as any other, one positive of it is that as SS retain the initial term interest that should be guarnateed provided it is held in the designated client account. The strategy you use has the effect of spreading the risk and relies on not all loans defaulting so as to limit losses. It is a case of paying your money and taking your chance.
|
|
