adrianc
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Post by adrianc on Sept 27, 2016 16:07:34 GMT
Trading suspended, as LC have "received notification the borrower is looking to settle in full in October"...
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r00lish67
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Post by r00lish67 on Sept 28, 2016 9:00:10 GMT
Same for E***** C**** LIMITED, full repayment in early October. Do you think that's cause for concern? If I'm still willing to take the 0.5% hit, and the buyer buys with that information to hand, what should be the need to suspend trading?
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adrianc
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Post by adrianc on Sept 28, 2016 9:07:24 GMT
I've not got any of that other loan, so can't see the details. But in the case of K***b**, they've only got four more payments to go, and the next will take them down to £20k outstanding of the original £80k. So repaying early? Probably not a big problem, even if it'll only save them about £400 of interest.
I think the potential problem is that few buyers would take note of the likely early repayment, then would whinge when buying the loan ends up costing them money.
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Post by GSV3MIaC on Sept 28, 2016 14:31:03 GMT
Errm, why would it cost the buyer money?? I thought the only SM fees were paid by the seller, and it's not like you can buy at a 3% premium, is it?
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adrianc
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Post by adrianc on Sept 28, 2016 16:03:45 GMT
Errm, why would it cost the buyer money?? I thought the only SM fees were paid by the seller, and it's not like you can buy at a 3% premium, is it? GP,WM. <reaches for medicinal tea>
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r00lish67
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Post by r00lish67 on Oct 5, 2016 3:53:12 GMT
Well, E***** C**** LIMITED did in fact repay early, saving me that 0.5% kick in the backside out of the door for that one at least.
Managed to sell about 35% off so far, I think the rest may take rather a while longer. Especially the one relating to cockroach infested pizzas, which incidentally is still somehow yet to be in default despite being months late and "with legal agents".
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pip
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Post by pip on Oct 5, 2016 10:29:48 GMT
I don't think they have defaulted anything!
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min
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Post by min on Oct 5, 2016 10:34:04 GMT
Well, E***** C**** LIMITED did in fact repay early, saving me that 0.5% kick in the backside out of the door for that one at least. Managed to sell about 35% off so far, I think the rest may take rather a while longer. Especially the one relating to cockroach infested pizzas, which incidentally is still somehow yet to be in default despite being months late and "with legal agents". Just read in local paper that E******** C****** has been sold to Go Ahead company. Hence the early repayment.
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pom
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Post by pom on Oct 19, 2016 10:21:45 GMT
WTH? After all that it looks like K***b** has just made the normal payment and the SM is re-enabled.... with no updated comments (yet?)
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pom
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Post by pom on Oct 19, 2016 10:37:27 GMT
Disabled again so I guess(hope?) they just have a really slow manual process for early repayments..
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adrianc
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Post by adrianc on Oct 19, 2016 11:26:09 GMT
Disabled again so I guess(hope?) they just have a really slow manual process for early repayments.. It's gone from Current Investments, and now showing as Fully Paid in Previous Investments, with the full value showing as paid in the statement... <happy bounce>
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pom
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Post by pom on Oct 19, 2016 12:41:06 GMT
Disabled again so I guess(hope?) they just have a really slow manual process for early repayments.. It's gone from Current Investments, and now showing as Fully Paid in Previous Investments, with the full value showing as paid in the statement... <happy bounce> Hurrah! <hits withdraw> Only another £191 to go to get back my original capital (should probably clarify that I've been withdrawing a bit over the year - my SM sales haven't been THAT successful!)....and then we'll see about any profit...
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