dp
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Post by dp on Apr 13, 2018 14:51:37 GMT
Appears they are still taking "Borrowers" words as gospel.
You'd have thought they would have learnt by now and when a borrow suggests something they ask for proof or at least evidence.
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Post by brightspark on Apr 13, 2018 15:27:17 GMT
Appears they are still taking "Borrowers" words as gospel.
You'd have thought they would have learnt by now and when a borrow suggests something they ask for proof or at least evidence.
No point. Borrower will provide worthless "proof" if so required.
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Post by GSV3MIaC on Apr 13, 2018 15:30:58 GMT
Read today's update - it ain't gonna happen (like anyone of even average intelligence ever thought it would).
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elliotn
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Post by elliotn on Apr 13, 2018 15:33:26 GMT
I presume a point is being made, this loan already has a thread (and wastes mod time merging).
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Yintara
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Post by Yintara on Apr 13, 2018 15:44:43 GMT
No point. Borrower will provide worthless "proof" if so required. They'd at least have to make the Photoshop good enough to delay the fraud charges though.
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brianlom1
Member of DD Central
He's not the Messiah, he's a very naughty boy!
Posts: 398
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Post by brianlom1 on Apr 13, 2018 15:47:03 GMT
Yet again, Lendy demonstrate that the fortnightly updates are not worth the paper they're not written on:
13/04/2018
A meeting was held with the Ultimate Beneficial Owner, and his advisors, this week. Disappointingly the progress of the refinance is not as advanced as we were previously led to believe by the borrower and the loan will not be fully repaid on the maturity date. Specific information has been requested from the borrower and is awaited, for review, in order that a strategy for the loan can be finalised. If this is not received in short order, we will issue a formal demand for repayment of the loan and consider options for the best way forward.
29/03/2018
DFL004 - Residential Development, Wolverhampton
The refinance formalities are progressing and the borrower remains confident that full repayment of the loan should be achieved on 14 April 2018.
16/03/2018
DFL004 - Residential Development, Wolverhampton
We have received correspondence from the borrower requesting a redemption statement in order to progress with the refinance of the loan facility. Once provided, we shall closely monitor the refinance where the loan is due to be repaid in full on 14 April 2018.
(my bold)
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jcb208
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Post by jcb208 on Apr 13, 2018 15:53:12 GMT
This loan is going the same way as DFL005, next it will be rolled in to another loan extension,will any of there DFL's ever pay back on time and in full
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Post by loftankerman on Apr 13, 2018 15:57:56 GMT
This turn of events only comes as a surprise to me because Lendy told us today rather than not telling us on the 14th leaving everyone in the dark over the weekend. (Note to self.Leave 5 star review on Trustpilot focussing on communications but better not mention yet another borrower running rings round them.)
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rocky1
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Post by rocky1 on Apr 13, 2018 15:59:04 GMT
maybe a little partial repayment by the end of the year.after reading the latest updates on most of the loans i just cant believe lendys arrogance .
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ptr120
Member of DD Central
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Post by ptr120 on Apr 13, 2018 16:02:12 GMT
Paul64 we were told a month ago that you would be monitoring this one closely. Come the day before full repayment is due, we are told that refinance is in fact some way off. Please can you explain to me what exactly was involved in your process of monitoring this one closely? I put it to you that if you'd been doing your job properly it would have been possible to manage expectations somewhat better.
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Post by supernumerary on Apr 13, 2018 16:06:51 GMT
Yet again, Lendy demonstrate that the fortnightly updates are not worth the paper they're not written on.... blah! blah! blah! It is NOT good news! You need to remove the identification of the borrower, otherwise you will get b*ll*cked, like I have a few times...
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Post by skint4achange on Apr 13, 2018 16:10:29 GMT
Yet again, Lendy demonstrate that the fortnightly updates are not worth the paper they're not written on.... blah! blah! blah! It is NOT good news! You need to remove the identification of the borrower, otherwise you will get b*ll*cked, like I have a few times... My underlined: But it's not the worst that we have ever had? I hate it when these DFL's go more than 13 minutes overdue!
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Post by charliebrown on Apr 13, 2018 16:11:02 GMT
Appears they are still taking "Borrowers" words as gospel.
You'd have thought they would have learnt by now and when a borrow suggests something they ask for proof or at least evidence.
We’re owed 14 million quid and LY accepts a verbal “everything’s on track” update from the borrower. Total amateurs
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dovap
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Post by dovap on Apr 13, 2018 16:17:03 GMT
weird anyone takes any of the comms squitted out by these numpties as having any actual factual basis
ho hum
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hazellend
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Post by hazellend on Apr 13, 2018 16:22:03 GMT
This is bad for Lendy because this loan repaying would have likely got sheds and student over the finishing line.
Now I can’t see these loans shifting
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