adrianc
Member of DD Central
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Post by adrianc on Dec 3, 2018 22:49:57 GMT
I also suspect the deposit may not have even been forfeited by the buyer. There appears to be some issue with the Lowestoft security, if there was a misrep in the auction particulars all bets are off. Are you suggesting Lendy are lying...?
"Unfortunately the buyer pulled out of the sale as he was unable to raise sufficient sums. As a result, the security property has been re-listed into auction for December 2018"
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trevor
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Post by trevor on Dec 12, 2018 21:32:40 GMT
Dec 3rd plus 5 working days is Dec 10th. Today is Dec 12th. Where's the promised money?
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Post by spareapennyor2 on Dec 13, 2018 8:03:02 GMT
second time around today
lot 55
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ric
Member of DD Central
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Post by ric on Dec 13, 2018 11:40:50 GMT
second time around today lot 55 withdrawn. Bad or worse news coming?
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Post by picanto on Jan 19, 2019 15:26:09 GMT
Fortunately I'm not in this loan as it looks like it's turning out to be a disaster but could somebody confirm something to me.. The property (PBL179) sold for £400k gross but only £180k (17% of the loan amount) returned to investors last month, so the cost in fees was more than 50% of the sale value? Ouch...
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Post by brightspark on Jan 19, 2019 17:08:24 GMT
With hand on heart I would say that no loan update issued for PBL178 by Lendy has had a scintilla of truth within it. For months lenders were repeated assured that solicitors for the borrower were just tidying up a few loose ends and that in the unlikely event all fell through that the borrower/receivers would auction the property to repay the loan. The property finally went to auction and then was withdrawn. Who by? Why? No-one sees fit to explain. What a b****** muddle. This stupid mess just rumbles on. Never believe a word of Lendy speak. They simply pass on to lenders whatever (garbage) borrowers feed them if this loan is anything to go by. As for the original valuation. Pie in the sky? Haircut? Scalping more likely! "Secured" loan. Well it is fixed to the ground I suppose.
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Post by nyquest on Jan 24, 2019 16:37:56 GMT
With hand on heart I would say that no loan update issued for PBL178 by Lendy has had a scintilla of truth within it. For months lenders were repeated assured that solicitors for the borrower were just tidying up a few loose ends and that in the unlikely event all fell through that the borrower/receivers would auction the property to repay the loan. The property finally went to auction and then was withdrawn. Who by? Why? No-one sees fit to explain. What a b****** muddle. This stupid mess just rumbles on. Never believe a word of Lendy speak. They simply pass on to lenders whatever (garbage) borrowers feed them if this loan is anything to go by. As for the original valuation. Pie in the sky? Haircut? Scalping more likely! "Secured" loan. Well it is fixed to the ground I suppose. I'm willing to take a calculated risk & have done for many years in business and investing however, this is the first time I've felt "ripped off' a loss of 83% capital in real terms for me that is £3600. The provision fund is no more of course. Lendy should have compensated with 100% of their fee at least. This should be shown as an example of how bad this comapny really is. This sorry tale is Trust Pilot bound.
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Post by charliebrown on Jan 24, 2019 18:39:57 GMT
The provision fund is no more? Is it officially empty? I believe there are unfortunately many more huge capital losses yet to be dished out to us investors by LY. We haven’t seen the worst of it yet, in my opinion.
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adrianc
Member of DD Central
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Post by adrianc on Jan 24, 2019 18:51:15 GMT
The provision fund is no more? It paid out on DFL025 last week.
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Jan 24, 2019 22:58:48 GMT
The provision fund is no more? It paid out on DFL025 last week. Time to look down the back of the couch for a top up 
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Post by spareapennyor2 on Mar 15, 2019 11:16:00 GMT
now showing listed
for 28/3 lot 57
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Post by spareapennyor2 on Mar 28, 2019 11:29:36 GMT
will be sold this time if any takers?
undertaking from the lender not to withdraw the property from auction.
getting close now lot 49 underway
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Post by sanfran on Mar 28, 2019 11:38:58 GMT
Is there anywhere to monitor this online? Thanks!
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Post by spareapennyor2 on Mar 28, 2019 11:42:35 GMT
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Post by sanfran on Mar 28, 2019 11:47:59 GMT
Thanks!!
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