averageguy
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Post by averageguy on Dec 23, 2018 15:15:08 GMT
What action do you suggest ..and what evidence re persistence pays in respect of Lendy Currently in discussions with a CMC which will require exclusivity. Will post their contact details in due course. Jeepers ta for reply......and I'm going to ask something that I think I know...but excuse the slowness ... CMC?
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Monetus
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Post by Monetus on Jan 5, 2019 8:45:03 GMT
What action do you suggest ..and what evidence re persistence pays in respect of Lendy Currently in discussions with a claims management company which will require exclusivity. Will post their contact details in due course. Thanks Jeepers - look forward to learning more about this.
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Post by masquedefer on Jan 5, 2019 10:46:47 GMT
Hi jeepers
If the claim management company (CMC) with whom you are in contact is offering (after having obtained reliable legal advice that such a claim can be made under the old terms and conditions) a reasonable fee to recover our capital , then I’m sure they will found lots of clients via this forum.
Please can you keep us updated on progress? (Even if this recovery route is unsuccessful and leads nowhere).
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Monetus
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Post by Monetus on Jan 9, 2019 15:29:10 GMT
Please can you keep us updated on progress? (Even if this recovery route is unsuccessful and leads nowhere). As Jeepers appears to have deleted his posts, it seems that this may be a dead end already? 
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Mr_N
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Post by Mr_N on Jan 9, 2019 21:54:53 GMT
Please can you keep us updated on progress? (Even if this recovery route is unsuccessful and leads nowhere). As Jeepers appears to have deleted his posts, it seems that this may be a dead end already? More likely that it's got good mileage and it would be stupid to send other investors down the same route until his/her claim is complete, as LY only has a finite ability to cough up compensation. He's not the only one.
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izigor
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Post by izigor on Jan 9, 2019 22:23:14 GMT
My belief is that we shouldn't run Lendy to the ground. They are trying hard to (or at least appears to) turning the boat round. A little burst of communication and good intentions occurred a little while ago. They do not seem to be taking on more risky loans willy-nilly. Despite that, repayments of loans do seem to materialise at some frequency.
Now we have to remember that a lot of us are still on the boat and whipping the captain to give you a life jacket may be a win, but staying dry on the boat with a captain to steer it to the shore is my preferred option. Once safely ashore, I can sue the bugger for all compensation still due.
It's a foggy night, so I'm not sure whether above is clear at all...
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Post by charliebrown on Jan 10, 2019 7:44:19 GMT
My belief is that we shouldn't run Lendy to the ground. They are trying hard to (or at least appears to) turning the boat round. A little burst of communication and good intentions occurred a little while ago. They do not seem to be taking on more risky loans willy-nilly. Despite that, repayments of loans do seem to materialise at some frequency. Now we have to remember that a lot of us are still on the boat and whipping the captain to give you a life jacket may be a win, but staying dry on the boat with a captain to steer it to the shore is my preferred option. Once safely ashore, I can sue the bugger for all compensation still due. It's a foggy night, so I'm not sure whether above is clear at all... I don’t disagree with this. However, I wouldn’t say Lendy are turning things around. Investor sentiment is at an alll time low, they’re not writing any loans at all, which is suspicious not cautious, and they haven’t provided any updates for 1 1/2 months. I don’t understand their strategy anymore, it seems to be a go out of business strategy. To use the boat analogy, Lendy have launched the lift raft and left us investors behind to sink.
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adrianc
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Post by adrianc on Jan 10, 2019 8:11:05 GMT
and they haven’t provided any updates for 1 1/2 months. Point of order, Sir. The monthly updates are seven days past their December release date, and three days past the date we were warned in advance that they would be delayed to because of the Xmas/NY slow-down.
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Post by charliebrown on Jan 10, 2019 13:45:41 GMT
and they haven’t provided any updates for 1 1/2 months. Point of order, Sir. The monthly updates are seven days past their December release date, and three days past the date we were warned in advance that they would be delayed to because of the Xmas/NY slow-down. Noted, Adrian. Let’s see when the updates actually turn up then and whether they were worth waiting for.
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withnell
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Post by withnell on Jan 21, 2019 16:26:45 GMT
If you have a considerable sum (£20,000+) spread across the old structured loans (DFL001, DFL002, PBL027, PBL056) please send me a PM. Hopefully this is like the launch of Lendy Wealth and the barrier will rapidly drop to 1,000!
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Garage246
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Post by Garage246 on Jan 21, 2019 20:47:14 GMT
If you have a considerable sum (£20,000+) spread across the old structured loans (DFL001, DFL002, PBL027, PBL056) please send me a PM. Have sent you a PM....!
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Yintara
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Post by Yintara on May 26, 2019 19:08:14 GMT
With Lendy now in administration I'm wondering if anyone has any thoughts about the possibility for a DFL002 lender consortium buyout? Since the development is in an advanced state I think that this is one of the loans that has potential. It also has the benefit of having a couple of local lenders, me included, to keep an eye on things and assist with management if needed. It's an idea to mull over anyway, it seemed to work(ish) for the DFL012 apartment buyers.
As a sidenote, at least 3-4 of the apartments are already completed as they're being rented out on Airbnb by the borrower. I think that these 'unauthorised residents' were mentioned in a somewhat angry-sounding Lendy update, but I can't seem to find it now. Does anyone know where this was mentioned, or did Lendy delete the update?
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zccax77
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Post by zccax77 on May 26, 2019 19:27:21 GMT
How much do you think it is worth?
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cwah
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Post by cwah on May 26, 2019 20:12:21 GMT
With Lendy now in administration I'm wondering if anyone has any thoughts about the possibility for a DFL002 lender consortium buyout? Since the development is in an advanced state I think that this is one of the loans that has potential. It also has the benefit of having a couple of local lenders, me included, to keep an eye on things and assist with management if needed. It's an idea to mull over anyway, it seemed to work(ish) for the DFL012 apartment buyers.
As a sidenote, at least 3-4 of the apartments are already completed as they're being rented out on Airbnb by the borrower. I think that these 'unauthorised residents' were mentioned in a somewhat angry-sounding Lendy update, but I can't seem to find it now. Does anyone know where this was mentioned, or did Lendy delete the update? Maybe a good idea as we should be the main owner now of the asset
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averageguy
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Post by averageguy on May 26, 2019 20:27:37 GMT
With Lendy now in administration I'm wondering if anyone has any thoughts about the possibility for a DFL002 lender consortium buyout? Since the development is in an advanced state I think that this is one of the loans that has potential. It also has the benefit of having a couple of local lenders, me included, to keep an eye on things and assist with management if needed. It's an idea to mull over anyway, it seemed to work(ish) for the DFL012 apartment buyers.
As a sidenote, at least 3-4 of the apartments are already completed as they're being rented out on Airbnb by the borrower. I think that these 'unauthorised residents' were mentioned in a somewhat angry-sounding Lendy update, but I can't seem to find it now. Does anyone know where this was mentioned, or did Lendy delete the update?  ..i had not idea about this.....geez why aren’t we getting the rent!!
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..i had not idea about this.....geez why aren’t we getting the rent!!