archie
Posts: 1,866 
Likes: 1,861
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Post by archie on Oct 2, 2017 9:34:20 GMT
hi all think i need to go to specsaver`s all i can see on home page 17,720 REGISTERED USERS half way down nothing at the bottom? thanks anyway You are looking at the Lendy homepage, they are referring to the homepage of this forum.
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r1200gs
Member of DD Central
Posts: 1,336
Likes: 1,883
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Post by r1200gs on Oct 2, 2017 10:12:43 GMT
Plenty of good loans right now that should be just fine no matter what. A couple of full payments in this morning, one a cleared up default with no loss. Not huge, but good stuff all the same. The sky is not falling, not from my perspective anyway.
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Post by supernumerary on Oct 2, 2017 10:13:32 GMT
A couple of loans (one being in default) been repaid this morning. Not high valued loans but finally some positive news. Hopefully a start of a good month and people's confidence can start coming back! Indeed, it is always encouraging to read some good news. Well done Lendy/Saving Stream.
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copacetic
Member of DD Central
Posts: 306
Likes: 667
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Post by copacetic on Oct 2, 2017 16:50:52 GMT
Another repayment PBL130 makes 4 repayments today totalling £1,233,000.
Lendy are on fire!
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Post by df on Oct 2, 2017 17:18:38 GMT
Another repayment PBL130 makes 4 repayments today totalling £1,233,000. Lendy are on fire! It is almost hard to believe - 4 loans repaid in one day. This will probably help to fund thirsty DFL12 and other new tranches in pipeline??? We'll see what happens for the rest of this month, if they repay 4 more, lenders confidence and SM might start improving.
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mikes1531
Member of DD Central
Posts: 6,453
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Post by mikes1531 on Oct 2, 2017 18:06:43 GMT
I hope not. The last thing we need is a fire sale! 
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Post by grotdog on Oct 2, 2017 19:33:33 GMT
I've been going thorugh the valuations. As Chartered surveyors ourselves, I'm staggered to see the utter  being written by the valuers of most of these Lendy investments. I've written in strong words to Lendy and in response to my suggestion that I set up a website revealing just how bad this is, they tried to pull the legal 'threat' of defamation. I won't even give them the benefit of a reply - FACTS dear Lendy - are not defamation. Lets briefly look - valuations based on the 'possible value of the business when set up on a piece of overpriced goat pasture' - result: DEFAULT with little or no possibility of recovery. A long list of defaults, and mostly now quoting similar stories - over valued. Another - 'Oh - its in default because we never considered the fact the borrower might not actually have the money to do the development'... Now a bunch of over priced London developents that are looking similarly dodgy. Lendy - YOU are making statements to investors - don't bloody tell me that it is not your business to make sure these facts stand up, and when the thing falls over, tell me I should have done more research - that's complete bullshit. YOU make statements. YOU tell investors you have credit checked and done due diligence? It looks like a 6 year old could have done better diligence on some of these loans. WHY does Lendy stop allowing interest to accrue to the owner of an investment when it is placed into the SM? I asked that question and they neatly side stepped it - no answer. Why? Because I reckon its bloody illegal. I own that investment till its sold. They don't want a SM - if they did, interest would accrue in the normal way, whether someone had their share on the market or not. It's still mine, with any interest accrued, till its sold. Where to go from here? I'm certainly not going to be investing any more - we are looking at a commercial property investment at the moment - a big factory unit with machinery and stockholding - finance rates? About 5 to 6% for an investment of about £1.5m - so why are so many people going to Lendy for money? Because no sensible bank or lending institution would hand out a dime to them. Lendy told me to do my research - I did - and checking the valuations carefully reveals just how the system is being screwed. Who is in bed with who I have no idea - but the valuation surveyors have substantial indemnity insurance - in my view they are going to need it. Funny how Lendy now refer to 'taking legal advice' when referring to the valuations. They must have very happy lawyers - because almost every loan seems to be handed to their receivers and lawyers - some months before they are due to mature. And they threaten anyone who dares question their financial acumen! |
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fasty
Member of DD Central
Posts: 1,038
Likes: 388
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Post by fasty on Oct 2, 2017 19:39:21 GMT
I've been going thorugh the valuations. As Chartered surveyors ourselves, I'm staggered to see the utter being written by the valuers of most of these Lendy investments. I've written in strong words to Lendy and in response to my suggestion that I set up a website revealing just how bad this is, they tried to pull the legal 'threat' of defamation. I won't even give them the benefit of a reply - FACTS dear Lendy - are not defamation. Lets briefly look - valuations based on the 'possible value of the business when set up on a piece of overpriced goat pasture' - result: DEFAULT with little or no possibility of recovery. A long list of defaults, and mostly now quoting similar stories - over valued. Another - 'Oh - its in default because we never considered the fact the borrower might not actually have the money to do the development'... Now a bunch of over priced London developents that are looking similarly dodgy. Lendy - YOU are making statements to investors - don't bloody tell me that it is not your business to make sure these facts stand up, and when the thing falls over, tell me I should have done more research - that's complete bullshit. YOU make statements. YOU tell investors you have credit checked and done due diligence? It looks like a 6 year old could have done better diligence on some of these loans. WHY does Lendy stop allowing interest to accrue to the owner of an investment when it is placed into the SM? I asked that question and they neatly side stepped it - no answer. Why? Because I reckon its bloody illegal. I own that investment till its sold. They don't want a SM - if they did, interest would accrue in the normal way, whether someone had their share on the market or not. It's still mine, with any interest accrued, till its sold. Where to go from here? I'm certainly not going to be investing any more - we are looking at a commercial property investment at the moment - a big factory unit with machinery and stockholding - finance rates? About 5 to 6% for an investment of about £1.5m - so why are so many people going to Lendy for money? Because no sensible bank or lending institution would hand out a dime to them. Lendy told me to do my research - I did - and checking the valuations carefully reveals just how the system is being screwed. Who is in bed with who I have no idea - but the valuation surveyors have substantial indemnity insurance - in my view they are going to need it. Funny how Lendy now refer to 'taking legal advice' when referring to the valuations. They must have very happy lawyers - because almost every loan seems to be handed to their receivers and lawyers - some months before they are due to mature. And they threaten anyone who dares question their financial acumen! I'm not saying you're wrong, but it begs the question : If the valuations were clearly such utter , why did you invest in the first place?
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Post by martin44 on Oct 2, 2017 19:44:56 GMT
I've been going thorugh the valuations. As Chartered surveyors ourselves, I'm staggered to see the utter being written by the valuers of most of these Lendy investments. I've written in strong words to Lendy and in response to my suggestion that I set up a website revealing just how bad this is, I sincerely hope you do, It's starting to look like a 'ponzi' setup.
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Post by martin44 on Oct 2, 2017 19:48:19 GMT
I'm not saying you're wrong, but it begs the question : If the valuations were clearly such utter , why did you invest in the first place?Pretty much goes for all of us.. 
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jamesc
Member of DD Central
Posts: 447
Likes: 253
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Post by jamesc on Oct 2, 2017 20:00:03 GMT
Another repayment PBL130 makes 4 repayments today totalling £1,233,000. Lendy are on fire! It is almost hard to believe - 4 loans repaid in one day. This will probably help to fund thirsty DFL12 and other new tranches in pipeline??? We'll see what happens for the rest of this month, if they repay 4 more, lenders confidence and SM might start improving. Four I only have three PBL130, PBL141 and PBL74 did I miss one ?
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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
Posts: 11,330
Likes: 11,549
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Post by ilmoro on Oct 2, 2017 20:05:15 GMT
I've been going thorugh the valuations. As Chartered surveyors ourselves, I'm staggered to see the utter being written by the valuers of most of these Lendy investments. I've written in strong words to Lendy and in response to my suggestion that I set up a website revealing just how bad this is, they tried to pull the legal 'threat' of defamation. I won't even give them the benefit of a reply - FACTS dear Lendy - are not defamation. Lets briefly look - valuations based on the 'possible value of the business when set up on a piece of overpriced goat pasture' - result: DEFAULT with little or no possibility of recovery. A long list of defaults, and mostly now quoting similar stories - over valued. Another - 'Oh - its in default because we never considered the fact the borrower might not actually have the money to do the development'... Now a bunch of over priced London developents that are looking similarly dodgy. Lendy - YOU are making statements to investors - don't bloody tell me that it is not your business to make sure these facts stand up, and when the thing falls over, tell me I should have done more research - that's complete bullshit. YOU make statements. YOU tell investors you have credit checked and done due diligence? It looks like a 6 year old could have done better diligence on some of these loans. WHY does Lendy stop allowing interest to accrue to the owner of an investment when it is placed into the SM? I asked that question and they neatly side stepped it - no answer. Why? Because I reckon its bloody illegal. I own that investment till its sold. They don't want a SM - if they did, interest would accrue in the normal way, whether someone had their share on the market or not. It's still mine, with any interest accrued, till its sold. Where to go from here? I'm certainly not going to be investing any more - we are looking at a commercial property investment at the moment - a big factory unit with machinery and stockholding - finance rates? About 5 to 6% for an investment of about £1.5m - so why are so many people going to Lendy for money? Because no sensible bank or lending institution would hand out a dime to them. Lendy told me to do my research - I did - and checking the valuations carefully reveals just how the system is being screwed. Who is in bed with who I have no idea - but the valuation surveyors have substantial indemnity insurance - in my view they are going to need it. Funny how Lendy now refer to 'taking legal advice' when referring to the valuations. They must have very happy lawyers - because almost every loan seems to be handed to their receivers and lawyers - some months before they are due to mature. And they threaten anyone who dares question their financial acumen! Perhaps you should have a word with your professional body as all these P2P valuations (and Im not sure you can single Lendy out particularly as the several of these valuers pop up on other platforms IIRC) are all allegedly conducted to RICS standards/guidelines Cue ozboy
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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
Posts: 11,330
Likes: 11,549
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Post by ilmoro on Oct 2, 2017 20:07:55 GMT
It is almost hard to believe - 4 loans repaid in one day. This will probably help to fund thirsty DFL12 and other new tranches in pipeline??? We'll see what happens for the rest of this month, if they repay 4 more, lenders confidence and SM might start improving. Four I only have three PBL130, PBL141 and PBL74 did I miss one ? PBL047 has had another chunk repaid apparently
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jamesc
Member of DD Central
Posts: 447
Likes: 253
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Post by jamesc on Oct 2, 2017 20:10:53 GMT
Four I only have three PBL130, PBL141 and PBL74 did I miss one ? PBL047 has had another chunk repaid apparently Thanks I missed that.
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Post by martin44 on Oct 2, 2017 20:22:40 GMT
I've been going thorugh the valuations. As Chartered surveyors ourselves, I'm staggered to see the utter being written by the valuers of most of these Lendy investments. I've written in strong words to Lendy and in response to my suggestion that I set up a website revealing just how bad this is, they tried to pull the legal 'threat' of defamation. I won't even give them the benefit of a reply - FACTS dear Lendy - are not defamation. Lets briefly look - valuations based on the 'possible value of the business when set up on a piece of overpriced goat pasture' - result: DEFAULT with little or no possibility of recovery. A long list of defaults, and mostly now quoting similar stories - over valued. Another - 'Oh - its in default because we never considered the fact the borrower might not actually have the money to do the development'... Now a bunch of over priced London developents that are looking similarly dodgy. Lendy - YOU are making statements to investors - don't bloody tell me that it is not your business to make sure these facts stand up, and when the thing falls over, tell me I should have done more research - that's complete bullshit. YOU make statements. YOU tell investors you have credit checked and done due diligence? It looks like a 6 year old could have done better diligence on some of these loans. WHY does Lendy stop allowing interest to accrue to the owner of an investment when it is placed into the SM? I asked that question and they neatly side stepped it - no answer. Why? Because I reckon its bloody illegal. I own that investment till its sold. They don't want a SM - if they did, interest would accrue in the normal way, whether someone had their share on the market or not. It's still mine, with any interest accrued, till its sold. Where to go from here? I'm certainly not going to be investing any more - we are looking at a commercial property investment at the moment - a big factory unit with machinery and stockholding - finance rates? About 5 to 6% for an investment of about £1.5m - so why are so many people going to Lendy for money? Because no sensible bank or lending institution would hand out a dime to them. Lendy told me to do my research - I did - and checking the valuations carefully reveals just how the system is being screwed. Who is in bed with who I have no idea - but the valuation surveyors have substantial indemnity insurance - in my view they are going to need it. Funny how Lendy now refer to 'taking legal advice' when referring to the valuations. They must have very happy lawyers - because almost every loan seems to be handed to their receivers and lawyers - some months before they are due to mature. And they threaten anyone who dares question their financial acumen! Another sabbatical maybe... 
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being written by the valuers of most of these Lendy investments. I've written in strong words to Lendy and in response to my suggestion that I set up a website revealing just how bad this is, they tried to pull the legal 'threat' of defamation. I won't even give them the benefit of a reply - FACTS dear Lendy - are not defamation. Lets briefly look - valuations based on the 'possible value of the business when set up on a piece of overpriced goat pasture' - result: DEFAULT with little or no possibility of recovery. A long list of defaults, and mostly now quoting similar stories - over valued. Another - 'Oh - its in default because we never considered the fact the borrower might not actually have the money to do the development'... Now a bunch of over priced London developents that are looking similarly dodgy. Lendy - YOU are making statements to investors - don't bloody tell me that it is not your business to make sure these facts stand up, and when the thing falls over, tell me I should have done more research - that's complete bullshit. YOU make statements. YOU tell investors you have credit checked and done due diligence? It looks like a 6 year old could have done better diligence on some of these loans.
