GeorgeT
Member of DD Central
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Post by GeorgeT on Jun 13, 2017 15:43:55 GMT
All of which is lovely, although it does ignore my "per £100 invested". It also ignores my actual point, which is one of relative risk. If a chunk of that £50k goes pop because you've ignored all the loan details bar the %age return, then that 0.085% difference per month in return very quickly looks insignificant, doesn't it? It does. Fingers crossed it doesn't happen. I do mitigate risk as far as possible through diversity. Just had a count up - currently my LY money earning interest is spread across 24 loans. However that number is slowly reducing and I'm on the verge of exiting Hull - but that could take a few more days.
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adrianc
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Post by adrianc on Jun 13, 2017 15:45:27 GMT
All of which is lovely, although it does ignore my "per £100 invested". It also ignores my actual point, which is one of relative risk. If a chunk of that £50k goes pop because you've ignored all the loan details bar the %age return, then that 0.085% difference per month in return very quickly looks insignificant, doesn't it? It does. Fingers crossed it doesn't happen. I do mitigate risk as far as possible through diversity. Just had a count up - currently my LY money earning interest is spread across 24 loans. However that number is slowly reducing and I'm on the verge of exiting Hull - but that could take a few more days. Diversity also means more exposure to risk. If just one of those 24 goes totally pop, you've lost four years worth of 11% vs 12% interest difference.
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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 Jun 13, 2017 15:46:30 GMT
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elliotn
Member of DD Central
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Post by elliotn on Jun 14, 2017 0:51:34 GMT
All I see is adrianc talking to himself  george is a fan of diversity (24 loans), is on verge of leaving Hull (imminently); adrian prefers safety in numbers (11%).
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Post by Deleted on Jun 14, 2017 1:58:06 GMT
Anybody got anything interesting or pertinent to say regarding DFL002??
No ... I guess not, I'll move on then 😂
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adrianc
Member of DD Central
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Post by adrianc on Jun 14, 2017 7:49:49 GMT
All I see is adrianc talking to himself Situation normal, really.
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GeorgeT
Member of DD Central
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Post by GeorgeT on Jun 15, 2017 15:59:04 GMT
No news yet and this loan, and the other Exeter, are now down to 1 day.
So if nothing happens in the next day, these will slip into 'Interest Serviced By Lendy' territory.
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izigor
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Post by izigor on Jun 20, 2017 8:29:12 GMT
Sooo, if I've got this straight, the recent updates were: 1. 28 April: solicitors are ready for sale of units (  ah great weheey!) 2. 11 May: the last remaining point has been resolved which will enable completion (  oh .. so it wasn't ready then? ok nevermind, at least now that it is resolved, there's nothing else in the way and completion is now enabled) 3. 26 May: solicitors are finalising matters so everything will be concluded shortly (  finalisation? where did that come from?) 4. 09 June: solicitors have finalised matters (  let me guess, next update: solicitors have now concluded matters and everything will be settled shortly)
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Post by lendinglawyer on Jun 20, 2017 9:07:09 GMT
Sooo, if I've got this straight, the recent updates were: 1. 28 April: solicitors are ready for sale of units ( ah great weheey!) 2. 11 May: the last remaining point has been resolved which will enable completion ( oh .. so it wasn't ready then? ok nevermind, at least now that it is resolved, there's nothing else in the way and completion is now enabled) 3. 26 May: solicitors are finalising matters so everything will be concluded shortly ( finalisation? where did that come from?) 4. 09 June: solicitors have finalised matters ( let me guess, next update: solicitors have now concluded matters and everything will be settled shortly)
One of my biggest gripes with Lendy is the constant use of terms like "shortly", "soon", etc. in these updates. There is never a commitment made to any sort of timetable. I accept that delays are part of P2P, but there should be clear timing expectations with explanations given when they slip, and Lendy should be chasing (especially advisors, receivers, selling agents, etc.) to seek to mitigate any delays, whereas quite often they say things like "we are waiting for an update" rather than "we are hounding for an update". All I ask is for some proactivity and for that to be communicated. I don't think it's a lot to ask.
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skippyonspeed
Some people think I'm a little bit crazy, but I know my mind's not hazy
Posts: 787
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Post by skippyonspeed on Jun 20, 2017 11:06:34 GMT
Would be nice, lendinglawyer - as would some form of quantified progress reporting on DFLs, but from Lendy's perspective the downside is: " Give your customers a yardstick to measure you by and they will beat you with it". Well... we would, wouldn't we?  Please form an orderly queue.
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Post by GSV3MIaC on Jun 20, 2017 12:39:14 GMT
Hmm, wise man once tell me 'you get what you put up with', which applies equally to Lendy, we lenders, and most of the rest of the universe. If something is not acceptable, kick, scream, and eventually send it back / walk away .. if you put up with it, you'll be given the same again next time (if not something worse) - irrespective of whether you moaned about it or not.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Jun 20, 2017 14:18:26 GMT
Hmm, wise man once tell me 'you get what you put up with', which applies equally to Lendy, we lenders, and most of the rest of the universe. If something is not acceptable, kick, scream, and eventually send it back / walk away .. if you put up with it, you'll be given the same again next time (if not something worse) - irrespective of whether you moaned about it or not. Jesus, as my followers know  , that's what I've been preaching on here for more than a year now.
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guff
Posts: 730
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Post by guff on Jun 20, 2017 15:35:51 GMT
Hmm, wise man once tell me 'you get what you put up with', which applies equally to Lendy, we lenders, and most of the rest of the universe. If something is not acceptable, kick, scream, and eventually send it back / walk away .. if you put up with it, you'll be given the same again next time (if not something worse) - irrespective of whether you moaned about it or not. Jesus, as my followers know , that's what I've been preaching on here for more than a year now. Hadawaynshite - you just follow Georgie Tee.
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Post by yorkshireman on Jun 21, 2017 10:19:36 GMT
Please translate.
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n
Member of DD Central
Yet another Nick
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Post by n on Jun 21, 2017 10:27:27 GMT
Please translate. According to wiktionary: (Geordie, vulgar, dismissal) go away
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ah great weheey!)
oh .. so it wasn't ready then? ok nevermind, at least now that it is resolved, there's nothing else in the way and completion is now enabled)
finalisation? where did that come from?)
let me guess, next update: solicitors have now concluded matters and everything will be settled shortly)
