cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on May 28, 2016 15:28:55 GMT
He PM me with some details he found online (probably not wanting to push the MODs naming & shaming  ), but nothing that suggests an "Experienced property investor", but does have some dealings in the field. The following is all I could see... 2009 - 2011 Consultancy work on due diligence and strategy in resolving a major dispute for a client with an extensive property portfolio. 2006 - 2009 Completed construction of a holiday cottage that is now let; Obtained planning permission and building warrant for an office development for which construction is expected to commence soon. Considering the value of the loans and the work to be done, it is not inconceivable that the borrower can handle the project(s) adequately. I've done some building works for solicitors and they can be a nightmare a pain utter ar*****les difficult to deal with. I'm sure the Planning Dept and Contractors will know exactly what they have to do.  Agreed, both properties don't look like nightmares to redevelop, even for an inexperienced developer. I think we should give SS some credit on this one and presume that they have further information to class the borrower as an "Experienced property investor".
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Post by earthbound on May 28, 2016 15:37:24 GMT
The holiday let looks very nice, might see if i can get up there for a few days this summer.  |
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cooling_dude
Bye Bye's for the PPI
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Likes: 4,298
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Post by cooling_dude on May 28, 2016 15:39:48 GMT
He PM me with some details he found online (probably not wanting to push the MODs naming & shaming ), but nothing that suggests an "Experienced property investor", but does have some dealings in the field. The following is all I could see... 2009 - 2011 Consultancy work on due diligence and strategy in resolving a major dispute for a client with an extensive property portfolio. 2006 - 2009 Completed construction of a holiday cottage that is now let; Obtained planning permission and building warrant for an office development for which construction is expected to commence soon. You can find a lot about her putting on Google her name (on pag 5 of the valuation report) and the place. What is surprising is that she seems to be holding quite a high position in a financing company!!! So, why would she come and ask money here at 18%.... Because it can take a long time to organise finance with a traditional finance company, even if you do work for one (you can't just walk into the bosses office and ask for a favour... a favour amounting to £500,000!). The exit strategy for the borrower is Refinance... maybe with the company she works for?
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cooling_dude
Bye Bye's for the PPI
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Likes: 4,298
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Post by cooling_dude on May 28, 2016 15:57:52 GMT
I just keep digging ... So a look at the company that the borrower works for has the following under the "about tab".... Then under the news tab is the following from June 2015... So, seem this is an introducer, who has a history with p2p companies... and who I guess has introduced their employee to Lendy Ltd. That is interesting... |
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on May 28, 2016 16:00:08 GMT
Any thoughts on when this will go live? Or are SS to busy dealing with PBL 020. I expect it to be a bit later in the day (sometimes as late as 6pm).
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tomtom
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Post by tomtom on May 28, 2016 16:16:17 GMT
Any thoughts on when this will go live? Or are SS to busy dealing with PBL 020. I expect it to be a bit later in the day (sometimes as late as 6pm). Hope so as transferred cash in this morning to cover expected allocation.
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sam i am
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Post by sam i am on May 28, 2016 16:17:13 GMT
Isn't it traditional at this point to suggest that Liam and Tim have gone sailing... Well, it is a sunny day. |
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cooling_dude
Bye Bye's for the PPI
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Likes: 4,298
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Post by cooling_dude on May 28, 2016 16:19:29 GMT
So, what does everyone reckon we'll get allocation wise on this? I wonder if recent events might have an effect on number of investors; > The new rule forcing you to keep new loan parts for 7 days might just force the BH (and others) to set their allocation to 0, unwilling to hold on to a new loan for 7 days. > Might the recent default spook some investors Personally, I doubt it, so I'm gonna stick my neck out and say... PBL101 > £150 PBL102 > £100 I can hardly contain myself
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sam i am
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Post by sam i am on May 28, 2016 16:28:34 GMT
So, what does everyone reckon we'll get allocation wise on this? I wonder if recent events might have an effect on number of investors; > The new rule forcing you to keep new loan parts for 7 days might just force the BH (and others) to set their allocation to 0, unwilling to hold on to a new loan for 7 days. > Might the recent default spook some investors Personally, I doubt it, so I'm gonna stick my neck out and say... PBL101 > £150 PBL102 > £100 I can hardly contain myself
About that, I'd say. Possibly even slightly under £100 for PBL102.
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Post by brianac on May 28, 2016 16:34:03 GMT
So, what does everyone reckon we'll get allocation wise on this? I wonder if recent events might have an effect on number of investors; > The new rule forcing you to keep new loan parts for 7 days might just force the BH (and others) to set their allocation to 0, unwilling to hold on to a new loan for 7 days. > Might the recent default spook some investors Personally, I doubt it, so I'm gonna stick my neck out and say... PBL101 > £150 PBL102 > £100 I can hardly contain myself
I'm in for 200 UKP on both, which I reckon I'll get but there again I could be wrong :-) Brian
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Post by earthbound on May 28, 2016 17:05:26 GMT
i dont usually do the PF so no idea, ill follow everyone else's recommendations/guess's, but im in on both the scots ones, because the SM at the moment is no use at all.
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cooling_dude
Bye Bye's for the PPI
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Likes: 4,298
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Post by cooling_dude on May 28, 2016 17:24:30 GMT
It's getting a tad late in the day... I'm guessing this isn't going live today  |
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Post by GSV3MIaC on May 28, 2016 17:25:48 GMT
Isn't it traditional at this point to suggest that Liam and Tim have gone sailing... Well, it is a sunny day. Well if they sail for another few hours we will all be able to use our May interest payments to cover the allocations on PBL101/102, instead of having to stump up real cash. Launching a loan on bank holiday Saturday was never the cleverest bit of scheduling .. even Scottish banks and Solicitors probably won't do anything until Tuesday (week and month unspecified). I wonder if they still have any suitable vessels on the books??
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romy
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Post by romy on May 28, 2016 17:29:25 GMT
I just keep digging ... So a look at the company that the borrower works for has the following under the "about tab".... Then under the news tab is the following from June 2015... So, seem this is an introducer, who has a history with p2p companies... and who I guess has introduced their employee to Lendy Ltd. That is interesting... Though she does appear to be the sole director of a company that is based at the PBL101 property so maybe more involved than just an introducer + the developing a cottage and getting planning permission for an office extension does seem suggestive of these 2 properties ......
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Liz
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Post by Liz on May 28, 2016 17:29:27 GMT
It's getting a tad late in the day... I'm guessing this isn't going live today Yew of little faith.
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), but nothing that suggests an "Experienced property investor", but does have some dealings in the field. The following is all I could see...
