GeorgeT
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Post by GeorgeT on Apr 4, 2017 19:44:02 GMT
Thanks for the update Paul and let's all hope you can get this one live within the next day because I have had funds standing by in my account for 6 days now in anticipation of this one and I'm desperately wanting to see it go live after withdrawing from certain other options to fund this opportunity.
All the best to you all at Lendy Towers.
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elliotn
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Post by elliotn on Apr 5, 2017 4:01:48 GMT
I kept a healthy sum on platform awaiting this go-live (and certainly had no problem funding L(fSS)'s interest mistakes). Reading here though I wonder if L(fSS) ever think institutional investment might be an easier funding route  |
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voss
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Post by voss on Apr 5, 2017 8:31:44 GMT
But perhaps institutional investors or their brokers would prefer to see a greater deal flow before spending time on L; and even the wealthy have to watch their diversity/exposure.
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Post by Paul64 on Apr 6, 2017 13:49:40 GMT
We are still expecting that this loan will go live today.
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GeorgeT
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Post by GeorgeT on Apr 6, 2017 15:06:45 GMT
We are still expecting that this loan will go live today. Thanks for the update Paul. This is just the sort of straight to the point, informative communication we like.
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Post by Paul64 on Apr 6, 2017 16:23:29 GMT
Hi all, sorry about this but we are still awaiting a response from the borrower's solicitors, so it's likely the loan will tip over to tomorrow. I'll provide a short update when I hear anything more.
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lobster
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Post by lobster on Apr 6, 2017 16:40:40 GMT
Hi all, sorry about this but we are still awaiting a response from the borrower's solicitors, so it's likely the loan will tip over to tomorrow. I'll provide a short update when I hear anything more. Unfortunate, but nonetheless useful for us to know. Thanks.
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voss
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Post by voss on Apr 7, 2017 7:10:35 GMT
Hi all, sorry about this but we are still awaiting a response from the borrower's solicitors, so it's likely the loan will tip over to tomorrow. I'll provide a short update when I hear anything more. Ah. I know these solicitors. They are every, almost every, solicitor that I have ever dealt with. They don't use email. They don't make phone calls. They have a letter for you and their office is 1/4 mile from you but they don't invite you to pick it up; they post it and they don't tell you it's on its way. Or it's not on its way, it's being typed. Or it's been sent to the wrong address. Or ... [fill in your experience of using UK solicitors]
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treeman
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Post by treeman on Apr 7, 2017 8:56:47 GMT
As this is not a rollover - Does anyone understand at what point in the process PBL122 will be repaid ? Before? When 167 goes live? Is fully funded? Drawndown?  Or, maybe, what is anyone expecting? |
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vmail
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Post by vmail on Apr 7, 2017 9:18:15 GMT
Hi all, sorry about this but we are still awaiting a response from the borrower's solicitors, so it's likely the loan will tip over to tomorrow. I'll provide a short update when I hear anything more. Ah. I know these solicitors. They are every, almost every, solicitor that I have ever dealt with. They don't use email. They don't make phone calls. They have a letter for you and their office is 1/4 mile from you but they don't invite you to pick it up; they post it and they don't tell you it's on its way. Or it's not on its way, it's being typed. Or it's been sent to the wrong address. Or ... [fill in your experience of using UK solicitors] They don't stick to their 14 days for responding to correspondence, they are slow, they are not clued up with the law, they make several errors, they are a joke. When the solicitor went on maternity leave there was no proper handover before going on maternity leave. Now that the replacement solicitor is ill, there is no one to cover them, they don't outsource so that they can stick to their rubbish 14 day turn around time.
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Post by Paul64 on Apr 7, 2017 12:44:19 GMT
Hi all, I'm sorry, but completion of this loan has been delayed because the person selling the property to the borrower would like to retain rights over certain parts of the security property to graze their animals. We need to make sure this does not impact on the security and the only way to do this is for a formal legal agreement to be drawn up between the vendor and the borrower to ensure the agreement can be terminated without recourse to the legal system. We know all sets of solicitors are working hard to get this agreement in place and as soon as this has been done we will look to proceed with drawing down the loan.
My apologies if this has caused you any frustration. I will provide an update when I have further news.
While there are sometimes delays to loans going live, we do do our best to pull out all the stops to keep any delays to a minimum.
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ilmoro
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'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 Apr 7, 2017 13:10:07 GMT
Thanks for the update Oi, Please turn me over get off our land, you & your grass munching mates are holding things up.  At least its not newts. [Going to be slightly embarassing if its pigs] |
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sussexlender
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Cheat seeking missile
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Post by sussexlender on Apr 7, 2017 19:05:00 GMT
Hi timmy.
Brilliant post and great new profile picture.
Thanks for making my day end with a good smile.
SXLR
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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
Posts: 11,330
Likes: 11,549
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Post by ilmoro on Apr 7, 2017 19:38:25 GMT
Hi timmy. Brilliant post and great new profile picture. Thanks for making my day end with a good smile. SXLR So he replies to my joke post and I get nothing? Not even points for the assist?
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Liz
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Post by Liz on Apr 7, 2017 20:05:15 GMT
Hi timmy. Brilliant post and great new profile picture. Thanks for making my day end with a good smile. SXLR So he replies to my joke post and I get nothing? Not even points for the assist? He gave you a badge instead, no that's just dirt on my screen
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At least its not newts.