investibod
Member of DD Central
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Likes: 152
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Post by investibod on Mar 18, 2016 21:04:00 GMT
i wondered why my simple question was not answered, cool_dude, i am thinking you were correct, if i read this correctly, the loan has been issued on the higher valuation and assumptions of an actual ltv of 80+% seem correct. the statement clearly says "Value (today) with 2 years to run until RCs expire - £7.45m" the loan is being or has been issued today with a valuation assuming no RCs are in place. thus value of £8.815m please everyone, i am here to be corrected. I have exactly the same understanding.
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brin
I am trying to stay calm.
Posts: 379
Likes: 69
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Post by brin on Mar 18, 2016 21:07:56 GMT
my earlier question below and now completed from the most recent SS post SIMPLE MESSAGE TO SS. could you please provide below. 1. valuation with rc's in place £7.45m 2. valuation with rc's removed £8.815m thanks for your attention. RSVP.  the correct issue price for this loan is £7.45m because the RCs are still in place. ss assumptions are fine, but the RCs ARE still in place. please ,someone put me out of my misery and tell me i am wrong. |
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
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Post by cooling_dude on Mar 18, 2016 21:11:28 GMT
my earlier question below and now completed from the most recent SS post SIMPLE MESSAGE TO SS. could you please provide below. 1. valuation with rc's in place £7.45m 2. valuation with rc's removed £8.815m thanks for your attention. RSVP. the correct issue price for this loan is £7.45m because the RCs are still in place. Both those situations are listed in the current valuation report..... Are you reading the updated valuation report or the old "Draft" copy?
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brin
I am trying to stay calm.
Posts: 379
Likes: 69
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Post by brin on Mar 18, 2016 21:23:50 GMT
my earlier question below and now completed from the most recent SS post SIMPLE MESSAGE TO SS. could you please provide below. 1. valuation with rc's in place £7.45m 2. valuation with rc's removed £8.815m thanks for your attention. RSVP. the correct issue price for this loan is £7.45m because the RCs are still in place. Both those situations are listed in the current valuation report..... Are you reading the updated valuation report or the old "Draft" copy? thank you dude, i cannot find in the valuation (its a long, long document) where it says anything different than my interpretation , but i am happy to concede to your interpretation as i know you have payed undue dd to this loan. i have no doubt you are correct and maybe i am looking at the old "draft" copy, but i cannot seem to find any other copy.
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brin
I am trying to stay calm.
Posts: 379
Likes: 69
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Post by brin on Mar 18, 2016 21:30:59 GMT
i have red and red the statement from ss and understand there reasoning, but for me .. a loan with a 70% ltv based on the understanding that RCs will/might/may be removed unfortunately is not for me, i will give this one a miss.  i am sure that should the situation change there will be plenty to be had on the SM in due course.
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Post by savingstream on Mar 19, 2016 10:34:21 GMT
i have red and red the statement from ss and understand there reasoning, but for me .. a loan with a 70% ltv based on the understanding that RCs will/might/may be removed unfortunately is not for me, i will give this one a miss. i am sure that should the situation change there will be plenty to be had on the SM in due course. Brin - There is no 'might be' about it. The RCs have a finite life and end on the 18th March 2018. In the meantime our customers is getting them removed before hand.
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jonah
Member of DD Central
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Post by jonah on Mar 19, 2016 10:57:52 GMT
Also live, 100% of requested loan amount given so a chunk should be on the SM soon.
1090 investors at launch.
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treeman
Member of DD Central
Posts: 1,026
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Post by treeman on Mar 19, 2016 11:01:06 GMT
Yep £542k looking for a home!
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brin
I am trying to stay calm.
Posts: 379
Likes: 69
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Post by brin on Mar 19, 2016 11:08:26 GMT
i have red and red the statement from ss and understand there reasoning, but for me .. a loan with a 70% ltv based on the understanding that RCs will/might/may be removed unfortunately is not for me, i will give this one a miss. i am sure that should the situation change there will be plenty to be had on the SM in due course. Brin - There is no 'might be' about it. The RCs have a finite life and end on the 18th March 2018. In the meantime our customers is getting them removed before hand. Thanks SS .. take no notice of me, i am probably just being a bit paranoid being i always invest with low ltv. 
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Post by xyon100 on Mar 19, 2016 11:10:09 GMT
Yep £542k looking for a home! My modest requirements will not make much of a dent in that.
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Post by dodgeydave on Mar 19, 2016 11:16:24 GMT
Trying to buy on the SM and keep getting processing your investment. But nothing happens
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mikeh
Member of DD Central
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Post by mikeh on Mar 19, 2016 11:27:00 GMT
Me too. I have been staring at the Processing your investment ring for the last 10 minutes.
Edit: This is actually on PBL88.
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nick
Member of DD Central
Posts: 1,056
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Post by nick on Mar 19, 2016 13:55:39 GMT
PBL88 seems to be ok now, but still can't buy PBL87
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Post by trilby on Apr 21, 2016 13:03:56 GMT
It's just been paid back...
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treeman
Member of DD Central
Posts: 1,026
Likes: 557
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Post by treeman on Apr 21, 2016 13:06:38 GMT
Eeek !!!! Maybe that will get the pipeline moving now!
Might up the pre-funds a bit too !
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