cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Aug 8, 2016 14:04:29 GMT
Well above the 1m border, so will be percentage allocation  The email indicates bottom-up allocation!  ... For crying out loud... I'm going to stop predicting stuff... either that or get a job with the Bank of England forecast team...
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Post by pepperpot on Aug 8, 2016 14:08:37 GMT
But I suspect that the amount received will be quite low ie less that £400 Higher. I suspect the limit will be in the range £1200-£1500 given the number of people typically wanting less than this. Higher. The % allocation method, if the pre-funds don't exceed the loan amount, is effectively bottoms up with everyone getting 100%. I suspect there will be a surplus on the SM for a short time.
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Aug 8, 2016 15:47:11 GMT
Allocation may depend on the number of investors who read The Times.
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Liz
Member of DD Central
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Post by Liz on Aug 8, 2016 15:53:51 GMT
But I suspect that the amount received will be quite low ie less that £400 Higher. I suspect the limit will be in the range £1200-£1500 given the number of people typically wanting less than this. Higher. The % allocation method, if the pre-funds don't exceed the loan amount, is effectively bottoms up with everyone getting 100%. I suspect there will be a surplus on the SM for a short time. I think those pre-funding £10k or less, will receive it all.
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Post by meledor on Aug 8, 2016 16:06:28 GMT
Just got the Go-Live e-mail... This loan will be going live tomorrow (Tuesday - 09/08/2016). Do we know when the borrower purchased the site and how much he paid?
According to Land Registry the price stated to have been paid on 20 March 2015 was £2,885,000.
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SteveT
Member of DD Central
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Post by SteveT on Aug 8, 2016 16:13:53 GMT
Valuation says that the PP for development was only granted on 3/12/14, which is tight then to market the site with PP attached and complete by March. The sale may have been at an option price that was agreed prior to planning being sought?
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Jeepers
Member of DD Central
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Post by Jeepers on Aug 8, 2016 16:29:58 GMT
well the borrower seem decent on the face of it which is nice 😄
I'd like to know the purchase price before I rely on any valuation and invest 🤔
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Aug 8, 2016 17:17:54 GMT
well the borrower seem decent on the face of it which is nice 😄 I'd like to know the purchase price before I rely on any valuation and invest 🤔 This loan is for the purpose of refinancing, not to purchase security However, @meldor looked it up on the Land Registry (and is presumably £3 out of pocket... we'll have to have a whip-round  ) and it shows our borrower bought the land for £2,885,000.
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littleoldlady
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Post by littleoldlady on Aug 8, 2016 17:44:57 GMT
I assume there is a typo in the value of Sunrise of Frognal House Sidcup. If I am right it is only £45 million out.
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Post by meledor on Aug 8, 2016 17:49:45 GMT
Valuation says that the PP for development was only granted on 3/12/14, which is tight then to market the site with PP attached and complete by March. The sale may have been at an option price that was agreed prior to planning being sought? Undoubtedly. The borrower has been involved with the property since at least early 2013 and it was his plans that received planning permission.
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Post by trilby on Aug 9, 2016 10:56:47 GMT
Just gone live, £436k left on the SM.
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n
Member of DD Central
Yet another Nick
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Post by n on Aug 9, 2016 10:59:10 GMT
Just gone live, £436k left on the SM. ... and 1357 investors.
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Post by grodecki on Aug 9, 2016 11:03:43 GMT
Love when a big loan comes up. Rebalancing ahoy.
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Post by geraldine1210 on Aug 9, 2016 11:25:12 GMT
Just gone live, £436k left on the SM. All of it is ss money. I just sold a tiny amount with 400K+ in front of me.
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Post by jonboy73 on Aug 9, 2016 11:36:08 GMT
I got the £600 I asked for and have picked up another £300 of different loans on the SM today.
I'm happy with I have, but SS does seem to be very different place to invest compared to a few months ago when everything was oversubscribed by quite a way...
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... For crying out loud... 
) and it shows our borrower bought the land for £2,885,000.
