lobster
Member of DD Central
Posts: 636 
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Post by lobster on Apr 6, 2018 17:01:37 GMT
Good gracious - it has been repaid as promised. Well done Lendy. Well done Lendy - so now it's all eyes on the SM which really needs a decent slug of the 4.7m repaid on this loan to get the wheels rolling again.
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hazellend
Member of DD Central
Posts: 2,363
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Post by hazellend on Apr 6, 2018 17:05:57 GMT
Sad to see this one go. Good work lendy!
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tx
Member of DD Central
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Likes: 127
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Post by tx on Apr 6, 2018 17:50:38 GMT
Sad to see this one go. Good work lendy! Agreed! This is surprising and is on time in fact in my opinion. I still recall there had been a panic when Lendy reported a fire in the facility some time ago and triggered a small sell off on SM. And this was the largest loan repaid on time since the PBL143 J** house in London (7m). I have to say, well done in this one. Give us another surprise of the 14m!
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sarahcount
Member of DD Central
Posts: 359
Likes: 815
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Post by sarahcount on Apr 6, 2018 19:14:10 GMT
I don't mean to sound churlish but I'm not sure that Lendy's recovery team are due any special praise for this loan repaying on time. Presumably the borrower is on course to make some money on the project and is therefore pleased to be dumping an expensive loan.
If Lendy are due any praise it is for bringing this loan to the platform in the first place. If only they could only bring us good loans and cut out the bad ones.
(That would really help to cement our relationship)
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Post by skint4achange on Apr 6, 2018 21:14:51 GMT
Sad to see this one go. Good work lendy! Agreed! This is surprising and is on time in fact in my opinion. I still recall there had been a panic when Lendy reported a fire in the facility some time ago and triggered a small sell off on SM. And this was the largest loan repaid on time since the PBL143 J** house in London (7m). I have to say, well done in this one. Give us another surprise of the 14m!If the £14m DFL pays off on time and 50% of it stays on the platform, the SM could become non existent! Now that would make Lendy a fun place to be again! 
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Post by skint4achange on Apr 6, 2018 21:20:26 GMT
Due to refinance today - if it does that's 4.7m flowing in, I wonder what impact that will have on the SM? Currently stands at 9,131k. Big availables PBL199: 3,485k DFL019-21: 2,425k SM currently at £6.1m so it would appear that quite a bit stayed on the platform. My previous comment stands, when the £14m pays up, people will be fighting for loan parts...................Again!
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Post by charliebrown on Apr 6, 2018 23:16:29 GMT
Well done Lendy, you did what you said you would do. That’s all we ask. Especially well done on the email that went out, that’s the most transparent email or communication I’ve ever seen from LY. It sets out the facts and there’s no BS. We’re getting there. I was returned over 10k so now the question is do I reinvest it in LY |
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p2p2p
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Likes: 114
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Post by p2p2p on Apr 7, 2018 6:35:42 GMT
I'll be withdrawing, as I have some of pretty much everything on the SM. And while I went to £900/loan, my new limit is £500. New borrowers without baggage have not been appearing, and there are plenty of loans on Funding Secure I can use in my ISA, or Funding Circle where I can autobid and stop due diligence. 4 p2p accounts is too many, MoneyThing will go as there never seem to be new loans when I login, for LL to remain in the set I'd like simple PBLs, not endless DFL tranches.
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withnell
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Post by withnell on Apr 7, 2018 7:39:14 GMT
New borrowers without baggage have not been appearing ... Funding Circle where I can autobid and stop due diligence. Surely these two statements are contradictory? What stops FC having the same "borrowers with baggage" and you getting an autobid?
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p2p2p
Member of DD Central
Posts: 123
Likes: 114
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Post by p2p2p on Apr 7, 2018 8:03:07 GMT
I'm getting bored with the p2p overhead of picking loans, cursing when I make mistakes, reading updates, this forum and now voting. I'm happy to accept that FC might have poor loans, and so lower returns, but I get my retirement back.
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adrianc
Member of DD Central
Posts: 10,019
Likes: 5,147
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Post by adrianc on Apr 7, 2018 8:36:34 GMT
I'm getting bored with the p2p overhead of picking loans, cursing when I make mistakes, reading updates, this forum and now voting. I'm happy to accept that FC might have poor loans, and so lower returns, but I get my retirement back. ...if not your money.
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agent69
Member of DD Central
Posts: 6,048
Likes: 4,438
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Post by agent69 on Apr 7, 2018 8:43:06 GMT
I'm getting bored with the p2p overhead of picking loans, cursing when I make mistakes, reading updates, this forum and now voting. I'm happy to accept that FC might have poor loans, and so lower returns, but I get my retirement back. ...if not your money. Just downloaded my FC tax return for last year and it makes far better reading than the MT equivalent
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