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Post by retired2005 on Aug 17, 2016 11:40:34 GMT
So far, as far as I can see, most of the loans now in negative days have been for tens/hundreds of thousands (apart from the garden centre) however, tomorrow circa 7 1/2 MILION pounds fall due for repayment. (Farmland and Crowborough.) Knowing that savingstream monitor this forum, would it not be unreasonable to expect some sort of meaningful update from savingstream if a two big fat cheques don't land on their doorstep? |
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Aug 17, 2016 12:24:00 GMT
So far, as far as I can see, most of the loans now in negative days have been for tens/hundreds of thousands (apart from the garden centre) however, tomorrow circa 7 1/2 MILION pounds fall due for repayment. (Farmland and Crowborough.) Knowing that savingstream monitor this forum, would it not be unreasonable to expect some sort of meaningful update from savingstream if a two big fat cheques don't land on their doorstep? With bridging loans, it's not unusual to see loans overrun the initial term and should perhaps be expected. The sheer number of the loans now in negative term territory is a tad worrying; "extend and pretend" looks to be taking place with some of these loans. IMHO, defaults are to be expected with some of the negative term loans currently in negative term territory...
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Post by retired2005 on Aug 17, 2016 12:28:58 GMT
Fortunately I dont hold any of the currently negative loans but have some of the loans imminently due to go negative!
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Aug 17, 2016 12:30:20 GMT
Fortunately I dont hold any of the currently negative loans but have some of the loans imminently due to go negative! Which ones?
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Post by retired2005 on Aug 17, 2016 12:34:24 GMT
Farmland.....
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Liz
Member of DD Central
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Post by Liz on Aug 17, 2016 12:35:46 GMT
Fortunately I dont hold any of the currently negative loans but have some of the loans imminently due to go negative! Which ones? I have the farmland. Anyone want to "chip in" and run a farm, if it defaults? Free cap-full of Brandy per hour. Exit> and I have some illiquid detached house! I hope it pays back, so I can use funds to invest in the pipeline loans.
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Post by dualinvestor on Aug 17, 2016 12:37:33 GMT
I have the farmland. Anyone want to "chip in" and run a farm, if it defaults? Free cap-full of Brandy per hour. How big is the cap?
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Post by retired2005 on Aug 17, 2016 12:38:16 GMT
Can't think who you're trying to tempt with the brandy ....!!
Edit: and I have some 'house' too.....
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Aug 17, 2016 12:39:15 GMT
Oh dear... I don't see too much wrong with the farmland, despite the question about the rezoning (which may or may not exist...). However, it is the sort of loan other investor are unwilling to touch and therefore very hard to get rid off. You have to review your portfolio occasionally, and ask yourself; "if I need access to my money, which will be the hardest to sell"... I got rid of my farmland investments when they got to about 100days.
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Liz
Member of DD Central
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Post by Liz on Aug 17, 2016 12:40:52 GMT
I have the farmland. Anyone want to "chip in" and run a farm, if it defaults? Free cap-full of Brandy per hour. How big is the cap? standard size, with a bit shaved off.
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Post by retired2005 on Aug 17, 2016 12:43:26 GMT
Thanks for the advice Coolly Diligent - relatively new to this (March...) but now I'm doing similar .....left it too late with the farmland, and also some land for development but everything else i hold is now long dated...... 140 days plus .....
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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
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Post by ilmoro on Aug 17, 2016 12:50:39 GMT
Ive got my cap   Just need a crane  Unfortunately also sold my share at 100 days |
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Post by retired2005 on Aug 17, 2016 13:01:28 GMT
Not holding my breath for my bits of farmland that are in the 'for sale' queue .....although I did notice someone took a nearly £10K chunk of tranche D today ......  |
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Aug 17, 2016 13:03:52 GMT
The words "meaningful update" and "Saving Stream" are mutually exclusive. I wish we had a meaningful update to reveal whether (or not) PBL040 has now had its refinance confirmed (or refused, and how many times). If they know, they should say so, if they don't, they b***** well should do - they've been prompted enough times in the last few weeks. It is not a building society (as SS state) and I am fairly sure they make decisions in days rather than weeks. It is a small bank which has less bureaucracy to contend with (AIUI)
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Jeepers
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Post by Jeepers on Aug 17, 2016 13:18:59 GMT
Will be interesting to see what effect the 104 repayment has on these negative loans hanging around on the SM.
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