cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Jul 13, 2016 22:22:39 GMT
Seems like too much of the building is erect at the minute. Not as floppy as I expected it to be after nearly five months  Hang on a minute....
What...
What is going on in this thread... OK, guys... any links posted in this thread I'm reporting... I daren't click on them; I'm just going to report them... 
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kermie
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Post by kermie on Jul 13, 2016 22:31:09 GMT
Given the offer the borrower has at £1.6M for the plot in its current state, he may have elected to do nothing with the site and accept the offer. That is not without risk of course given the offer could easily fall away, particularly in these nervous times.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Jul 13, 2016 22:41:37 GMT
This was before I started my own DD threads, so I had a quick look...
Problem is, our borrower (as indicated in the valuation document) is SLF A********* Limited but that LTD company doesn't exist on companies house...
Could be misspelt?
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twoheads
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Programming
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Post by twoheads on Mar 26, 2017 13:09:01 GMT
Status changed from IOA to SBL (26 march, 10:31).
EDIT: Time above is GMT. BST was 11:31.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Mar 31, 2017 14:15:49 GMT
Update...
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GeorgeT
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Post by GeorgeT on Apr 7, 2017 13:46:11 GMT
Doesn't seem to have deterred investors. Cash has been poured into it today. I gues most people don't even bother reading the latest update before investing.
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ali
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Post by ali on Apr 20, 2017 19:51:27 GMT
I was in Peterborough today (2017-04-20) and took some pictures of the security for this loan. Looks like no change since the valuation was done last year: |
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sildenafil
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Post by sildenafil on May 6, 2017 6:30:50 GMT
Looks like this is going in for auction on Wednesday. At a guide price of £850,000!! I wonder how true the previous offer of £1.6million actually was?!
<mod redacted link that provides address of secured asset>
(Lot 27)
It would be handy if anyone is in the area and fancies popping in to the Grosvenor House Hotel to see what this sells for. Or if you want to bid on it, that would be great too.
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Post by lendinglawyer on May 6, 2017 7:16:36 GMT
Looks like this is going in for auction on Wednesday. At a guide price of £850,000!! I wonder how true the previous offer of £1.6million actually was?! <mod redacted link that provides address of secured asset> (Lot 27) It would be handy if anyone is in the area and fancies popping in to the Grosvenor House Hotel to see what this sells for. Or if you want to bid on it, that would be great too. Hmmmm this makes a bit of a mockery of "default means 180 days overdue". This should be formally defaulted. It looks in a worse place than several of the defaults. In other news I wonder how long until the Grosvenor House Hotel is auctioned (hopefully in itself for irony) given the plight of its UBO...
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adrianc
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Post by adrianc on May 6, 2017 7:39:35 GMT
Looks like this is going in for auction on Wednesday. At a guide price of £850,000!! I wonder how true the previous offer of £1.6million actually was?! It would be handy if anyone is in the area and fancies popping in to the G*******r H***e H***l to see what this sells for. Or if you want to bid on it, that would be great too. TBF, guide prices at auction are often deliberately low to pull the suckers in.
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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 May 6, 2017 8:31:33 GMT
I suspect this loan is a genuine casualty of Brexit. Care homes need a supply of cheap labour, and Peterborough has a high EU population. There is no certainty of what the Brexit terms will be, so it's not surprising that a potential buyer pulled out..
Could be a golden opportunity to bag an auction bargain.
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GeorgeT
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Post by GeorgeT on May 6, 2017 20:32:44 GMT
Looks like this is going in for auction on Wednesday. At a guide price of £850,000!! I wonder how true the previous offer of £1.6million actually was?! It would be handy if anyone is in the area and fancies popping in to the G*******r H***e H***l to see what this sells for. Or if you want to bid on it, that would be great too. TBF, guide prices at auction are often deliberately low to pull the suckers in. True, but less so than used to be case. New industry good practice guidance is that the Guide Price should not be more than 10% lower than the Reserve Price. The guide price here is £850k so the Reserve price should not be more than £935k, and of course it could be lower.
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Post by Deleted on May 6, 2017 20:36:27 GMT
GeorgeT I see you've branded yourself as Mr 12% ..... maybe we can find you some personal sponsors to go with the title 😉
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GeorgeT
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Post by GeorgeT on May 6, 2017 21:18:59 GMT
GeorgeT I see you've branded yourself as Mr 12% ..... maybe we can find you some personal sponsors to go with the title 😉 Thank you for mentioning that. It gives me an opportunity to say that I am prepared to endorse good platforms / services / products, and appear in promotional material, subject to a modest fee and reimbursement of my out of pocket expenses.  However I am a man of morals and I won't endorse anything unless I am a genuine satisfied customer and my recommendation is therefore an honest one. 
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sildenafil
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Post by sildenafil on May 10, 2017 18:26:52 GMT
As far as I can see the highest bid in today's auction was £900k. But it seems that fell short of the reserve meaning it went unsold. What do Lendy do next, I wonder...
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