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Post by martin44 on Sept 5, 2016 20:03:11 GMT
Not on SS (not sure about other platforms). That doesn't mean it won't. Thanks. 
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homes119
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Post by homes119 on Sept 5, 2016 20:04:12 GMT
Would anyone be able to shed some light on this extract from the valuation report:
"There is no recent planning history for the site; however we note that the site is specifically identified for employment use purposes (Retained Policy E3) in the Hull City Council Local Plan (adopted 2000). We have prepared our valuation on the basis that new B1, B2 and B8 uses will be granted consent."
Is it really practically certain the planning would be granted then? I'm skeptical but i'm far from being an expert.
What are the B1, B2 and B8 uses referring to?
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fp
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Post by fp on Sept 5, 2016 20:07:48 GMT
Would anyone be able to shed some light on this extract from the valuation report: " There is no recent planning history for the site; however we note that the site is specifically identified for employment use purposes (Retained Policy E3) in the Hull City Council Local Plan (adopted 2000). We have prepared our valuation on the basis that new B1, B2 and B8 uses will be granted consent."Is it really practically certain the planning would be granted then? I'm skeptical but i'm far from being an expert. What are the B1, B2 and B8 uses referring to? Part B B1 Business - Offices (other than those that fall within A2), research and development of products and processes, light industry appropriate in a residential area. B2 General industrial - Use for industrial process other than one falling within class B1 (excluding incineration purposes, chemical treatment or landfill or hazardous waste). B8 Storage or distribution - This class includes open air storage.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Sept 5, 2016 20:08:45 GMT
Would anyone be able to shed some light on this extract from the valuation report: " There is no recent planning history for the site; however we note that the site is specifically identified for employment use purposes (Retained Policy E3) in the Hull City Council Local Plan (adopted 2000). We have prepared our valuation on the basis that new B1, B2 and B8 uses will be granted consent."Is it really practically certain the planning would be granted then? I'm skeptical but i'm far from being an expert. What are the B1, B2 and B8 uses referring to? The land has been zoned by Hull City Council, which is like a vision of how they would like the land to be used. Hull CC feel this part of Hull (which PBL131 land lies in), is best utilised by way of B1 (Business (limited to 235 square metres of floor space)), B2 (General Industrial) and B8 (Storage and Distribution (limited to 235 square metres of floor space)) units. This does not mean that PP is certain, as the potential developer has to submit plans, and go through the usual process, but the fact the council have said they would like the land to be utilised is a good sign.
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Post by martin44 on Sept 5, 2016 20:20:58 GMT
Not on SS (not sure about other platforms). That doesn't mean it won't. CD would you consider this is likely to happen on the SS platform?
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Post by moonshine on Sept 5, 2016 20:29:00 GMT
CD - could you please explain, for the benefit of those on here that don't understand (including me), how exactly a loan could (and has in the past) defaulted during its term? Thank you.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Sept 5, 2016 20:29:22 GMT
Not on SS (not sure about other platforms). That doesn't mean it won't. CD would you consider this is likely to happen on the SS platform? I would say it is likely on any platform, and sooner or later it will happen on SS. That's not me being critical of SS BTW; it's simply the cold hard truth about bridging loans.
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Balder
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Post by Balder on Sept 5, 2016 20:35:12 GMT
CD would you consider this is likely to happen on the SS platform? I would say it is likely on any platform, and sooner or later it will happen on SS. That's not me being critical of SS BTW; it's simply the cold hard truth about bridging loans. Hey CD and what would the scenario be on SS for this to happen during the loan term when interest is paid upfront?
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Sept 5, 2016 20:35:48 GMT
CD - could you please explain, for the benefit of those on here that don't understand (including me), how exactly a loan could (and has in the past) defaulted during its term? Thank you. The most likely cause would be the borrower's company entering administration during the term. Besides this, there could be; > a death (if the borrower is an individual) > the borrower going AWOL with the money > dramatic devaluation of the security, such as a fire or flood (this may not default the loan, but will make it impossible to get rid on the SM) > Many others I can't think of 
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Post by martin44 on Sept 5, 2016 20:42:19 GMT
CD would you consider this is likely to happen on the SS platform? I would say it is likely on any platform, and sooner or later it will happen on SS. That's not me being critical of SS BTW; it's simply the cold hard truth about bridging loans. CD i agree the sooner or later scenario .... but .... it has not happened , and it is highly unlikely that it ever would, no loan has ever defaulted mid term.
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Post by martin44 on Sept 5, 2016 20:46:37 GMT
CD - could you please explain, for the benefit of those on here that don't understand (including me), how exactly a loan could (and has in the past) defaulted during its term? Thank you. The most likely cause would be the borrower's company entering administration during the term. Besides this, there could be; > a death (if the borrower is an individual) > the borrower going AWOL with the money > dramatic devaluation of the security, such as a fire or flood (this may not default the loan, but will make it impossible to get rid on the SM) > Many others I can't think of wow... now we are entering into the realms of fantasy ... again CD where has this ever happened?
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Sept 5, 2016 20:54:02 GMT
I would say it is likely on any platform, and sooner or later it will happen on SS. That's not me being critical of SS BTW; it's simply the cold hard truth about bridging loans. CD i agree the sooner or later scenario .... but .... it has not happened , and it is highly unlikely that it ever would, no loan has ever defaulted mid term. A default hasn't occured during the term, and the chances of it happening are far less likely than if interest is being sent on a rolling basis. It doesn't mean we shouldn't weight the risk of that scenario occurring on these loans. For example, bridging loans could be used for speculative buying of land without PP ( not talking about this loan); if things don't go our borrower's way with the council, they simply wipe their hands of the SPV. This could easily happen within term.
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
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Post by cooling_dude on Sept 5, 2016 20:58:31 GMT
The most likely cause would be the borrower's company entering administration during the term. Besides this, there could be; > a death (if the borrower is an individual) > the borrower going AWOL with the money > dramatic devaluation of the security, such as a fire or flood (this may not default the loan, but will make it impossible to get rid on the SM) > Many others I can't think of wow... now we are entering into the realms of fantasy ... again CD where has this ever happened? Nope; never happened on SS (only 2 defaults ). However, I don't see how the above is "entering into the realms of fantasy". Any of one of those situations could happen. As you probably know, I'm a SS investor ( with too many eggs in one basket...); other investors on other platforms will have to tell us if a default within term has (or hasn't) occurred.
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micky
Member of DD Central
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Post by micky on Sept 5, 2016 21:02:24 GMT
Thanks CD, very pushy Martin!
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Post by martin44 on Sept 5, 2016 21:10:38 GMT
Thanks CD, very pushy Martin! correct micky when claims are made on the forum that certain scenarios could/would/might happen in certain loans, where i might be heavily invested, then i feel fully justified in questioning those claims. edit would you?
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