sydb
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Post by sydb on Mar 31, 2019 21:15:58 GMT
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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
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Post by ilmoro on Mar 31, 2019 22:13:47 GMT
Actually a mixed picture
AC same as Lendy, FS partially the same, FC, partially (40% max) same
BC arent actually P2P
Lendy or SS started off with fees ranking after capital but before interest, from 2016 it was unspecified, and only defined agin in July 2018.
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sydb
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Post by sydb on Mar 31, 2019 22:52:29 GMT
Hah! Just noticed it would not appear so until you look at 10.5 where they change an interest payment into a 'fee' and, of course, fees are paid before capital. Cunning little devils.
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Post by brightspark on Apr 29, 2019 15:30:42 GMT
Anybody any idea when we might get some return on PBL178 that was apparently sold a month ago?
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iRobot
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Post by iRobot on Apr 29, 2019 16:03:33 GMT
Given the FCA restrictions in place, I wouldn't be surprised if Lendy had to request permission to distribute repayments to investors. If they have to do the same with interest payments (such as they are) it would make sense to do it all in one request. (And that's on the presumption that the transaction successfully completed.)
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sydb
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Post by sydb on Sept 7, 2019 16:54:57 GMT
Just nudging this into the ring. Am I right in thinking this, just like DFL012, would appear to have had security sold and some funds are going to be distributed to lenders just as soon as RSM are happy they have fulfilled their AML obligations?
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Post by brightspark on Sept 7, 2019 17:19:18 GMT
For PBL 178 which is where I have a small interest that is what the final update of the good ship Lendy said. So far not one penny has been received. Usual stuff from the receivers about checking for money laundering seems to be the cause for the delay in payout until October. Frankly with all the money that lendy chipped away in commission and auction costs and now receiver costs plus the property selling for less than the loan value my personal view is investors will be lucky to recover a third of the capital if that and no interest. Fortunately I only had 50 quid at risk so no big deal.
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Post by stevie on Dec 2, 2019 21:06:57 GMT
I see there are payments related to PBL177 and 178.
* 177: 40.5% paid and security reduction of £690,000 (LTV now 0%)
* 178: 19.2% paid and security reduction of £1,635,000 (LTV now 0%)
That is some pretty big hits on PBLs.
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sydb
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Post by sydb on Dec 5, 2019 18:47:46 GMT
I see there are payments related to PBL177 and 178. * 177: 40.5% paid and security reduction of £690,000 (LTV now 0%) * 178: 19.2% paid and security reduction of £1,635,000 (LTV now 0%) That is some pretty big hits on PBLs. PBL179 was even lower a while back (17%; a repayment of £180k on a security reduction of £1500k) but nobody with a big mouth invested in these so you won't see much whining about them on here, even though they represent the worst cases of returns. Of course, cough, these are only interim payments, cough.
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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
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Post by ilmoro on Dec 5, 2019 20:14:39 GMT
I see there are payments related to PBL177 and 178. * 177: 40.5% paid and security reduction of £690,000 (LTV now 0%) * 178: 19.2% paid and security reduction of £1,635,000 (LTV now 0%) That is some pretty big hits on PBLs. PBL179 was even lower a while back (17%; a repayment of £180k on a security reduction of £1500k) but nobody with a big mouth invested in these so you won't see much whining about them on here, even though they represent the worst cases of returns. Of course, cough, these are only interim payments, cough. PBL179 actually repaid more because the t&C's waterfall was applied so interest was paid in lieu of capital. Thus technically the recovery was c27%
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sydb
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Post by sydb on Dec 8, 2019 23:47:53 GMT
Thus technically the recovery was c27% Thank you, yes, there was some interest. I appear to have been paid back, in total, 24.4% of the original capital amount.
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