jonno
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nil satis nisi optimum
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Post by jonno on Apr 24, 2014 10:46:43 GMT
I must be missing something very straightforward; looking at the K*** Bridging Loan and cannot locate any drawdown information. Any pointers? This is a new innovation which hasn't been rolled out to all of the loan info pages yet.I think its only on the U****N loan at the moment.I think AC have done this (sensibly) to invite user feedback,which,as above they are starting to receive.Hope this helps.
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walktall7
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Post by walktall7 on Apr 24, 2014 10:58:36 GMT
In Q and A it states
On 23rd Apr 2014 at 09:43 Assetz Capital answered:
"We have progressed to legals and are hoping to draw the loan in the next 10-14 days."
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unmadem
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Post by unmadem on Apr 24, 2014 12:20:48 GMT
Ok, more good feedback. I've asked that the comments are updated at least twice a week. Having got a new credit manager and also looking to beef up the legal team, this should be adhered to. A Some loans have compensation e.g. upton and Yorkshire have some compensation for extended drawdowns. The info is sometimes in original docs or sometimes in Q&As and is easily forgotten resulting in people getting more frustrated and AC staff having to answer questions. Can I suggest that where there is such a deal there is a line in the new table detailing the terms of the compensation e.g. rate and date it starts. I think have this consistently in place next to the drawdown info will help all concerned.
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mikes1531
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Post by mikes1531 on Apr 24, 2014 13:54:22 GMT
In Q and A it states On 23rd Apr 2014 at 09:43 Assetz Capital answered: "We have progressed to legals and are hoping to draw the loan in the next 10-14 days." To which loan does this comment relate?
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oldgrumpy
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Post by oldgrumpy on Apr 24, 2014 14:01:38 GMT
In Q and A it states On 23rd Apr 2014 at 09:43 Assetz Capital answered: "We have progressed to legals and are hoping to draw the loan in the next 10-14 days." To which loan does this comment relate? Kent. It was a reply to henders's question 
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andy2001
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Post by andy2001 on Apr 24, 2014 14:57:58 GMT
No request to settle shadow bids yet on Up**n. Is this still expected to drawdown tomorrow.
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Post by andrewholgate on Apr 24, 2014 15:41:28 GMT
It's p###ing me off, to be blunt about it.
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oldgrumpy
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Post by oldgrumpy on Apr 24, 2014 15:43:28 GMT
I find the repeated pushing back of drawdown forecasts highly annoying. If AC don't know they should say so. Cumbria has been: "quick", wb 31 March, wb7 April, wb 21 April... and yet again a delay, wb 28 April. I'll never bid immediate cash on a "quick drawdown expected" again. Thank the good Lord AC for shadow privileges, but they fill up when paperwork despite stated improvements takes so many weeks. (Posted before I read that Andrew had p*ss*d off ............ oops.......I mean become p*ss*d off!)  |
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andy2001
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Post by andy2001 on Apr 24, 2014 17:00:41 GMT
Just had a settle shadow bid request on Upt**, and have settled my bids.
Also a request for North*******hire, but with drawdown expected on 30th
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Post by Duane Dibley on Apr 24, 2014 20:07:29 GMT
No, its not good news - but If it tells us what the hold ups are surely better than nothing? I take it you are unhappy with waiting? No more than anybody else, my post was made tongue in cheek. Waiting for drawdown is the part of the fun, it's the nature of the beast. If people don't want to wait for drawdown they can go elsewhere where their money is invested immediately or even go on the aftermarket. It just struck me as rather ironic that a thread titled 'Drawdown Updates' didn't in fact have news of any drawdowns completed but instead was about the website being updated to tell us that we were still waiting for drawdowns - good news indeed, indeed!
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Post by valerieb on Apr 25, 2014 9:28:12 GMT
Good that we all retain our sense of humour - moaning about drawdown dates is getting very monotonous! I'm sure AC are doing whatever within their power to minimise delays, they could perhaps give a few more updates (not expected at weekends or during holiday periods) but we know roughly what to expect and can minimise dead time to some extent.
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andy2001
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Post by andy2001 on Apr 25, 2014 15:43:22 GMT
Up**n has drawndown as expected.
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Post by Dominic on Apr 25, 2014 16:19:28 GMT
I just got request to settle my shadow bid for wind turbine "Dear Lender, We are progressing towards draw down on Auction 77. We expect draw down to take place on the 21st April 2014. Please take this email as a notification to settle your shadow-bid(s). With regards, Dominic Riddles" Dominic you might not have noticed but its the 24th. Somebody obviously had a very good easter holiday ... Anyway its great we seem to be moving toward a slew of drawdowns. Yes... Apologies for that confusing typo! Resent the message with the correct date. Aiming for 28th April now.
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