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Post by queenvictoria on Mar 20, 2019 0:46:41 GMT
Hmmh !! '14/03/2019 Further to our last update, the Council met on Tuesday this week (12th), and they have confirmed that everything is in order with respect to the S106. The letter has been issued and is expected to be received within the week. Due to the delay of the Council’s meeting, this loan is now expected to repay next week. We will let lenders know as soon as the date has been set between solicitors.' Be good to get confirmation that this is completing this week please
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Post by ladywhitenap on Mar 21, 2019 19:06:33 GMT
The last update said amongst other things "We will let lenders know as soon as the date has been set between solicitors." No such info has appeared yet so I'm not banking on cash this week to be honest. LW
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Post by queenvictoria on Mar 21, 2019 21:28:28 GMT
The last update said amongst other things "We will let lenders know as soon as the date has been set between solicitors." No such info has appeared yet so I'm not banking on cash this week to be honest. LW You have guess there's a hitch otherwise we would have had an update. You would think a hitch would merit an update in itself though, wouldn't you?
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Post by ladywhitenap on Mar 22, 2019 9:40:57 GMT
I see the payment date has moved 1 day to tomorrow saturday but no fresh update to cover this.
If this were a LL loan then I'd say the can has just been kicked but I still have faith in MT as a decent set up so fingers crossed!
LW
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mikeh
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Post by mikeh on Mar 22, 2019 10:49:59 GMT
A one day extension to cover today could be seen as a good sign.
Who knows?
It’s only just out of reach
Down the block, on a beach
Maybe tonight
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daveb
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Post by daveb on Mar 22, 2019 18:15:07 GMT
presume it is going to be next week now?
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james21
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Post by james21 on Mar 22, 2019 19:51:06 GMT
presume it is going to be next week now? Weeeeeell the end date for the loan is now tomorrow (Saturday). Making no promises but MoneyThing is a hardworking company and has in the past organised payments at the weekend. So maybe...fingers crossed and all that. er......... dont think so somehow
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Post by MoneyThing on Mar 22, 2019 22:19:52 GMT
Evening,
Update added to this loan.
Kind regards,
Ed
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agent69
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Post by agent69 on Mar 22, 2019 22:27:01 GMT
Evening, Update added to this loan. Kind regards, Ed So the people who were committed to buying the property don't currently have the money to pay for it?
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Monetus
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Post by Monetus on Mar 22, 2019 22:32:09 GMT
Evening, Update added to this loan. Kind regards, Ed So the people who were committed to buying the property don't currently have the money to pay for it? Feels VERY late in the day for the borrower to suddenly say "I don't have the money yet" but with a 1 million deposit, a solid asset and 15% interest for another 3 months - I'll take it.
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Post by Badly Drawn Stickman on Mar 22, 2019 22:38:58 GMT
Evening, Update added to this loan. Kind regards, Ed So the people who were committed to buying the property don't currently have the money to pay for it? Well 'IF' it goes according to plan by the end of the month, I would be in the market to buy some of the SM wedge.
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star dust
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Post by star dust on Mar 22, 2019 22:57:07 GMT
So the people who were committed to buying the property don't currently have the money to pay for it? Well 'IF' it goes according to plan by the end of the month, I would be in the market to buy some of the SM wedge. Can sales be cancelled whilst the loan is suspended? There may not be much left, I can see the potential of a scramble to de-list from sale and to buy - not that I'll be participating either way, I finally sold out at the end of last year, and still haven't signed those t&cs.
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SteveT
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Post by SteveT on Mar 22, 2019 23:06:45 GMT
Well 'IF' it goes according to plan by the end of the month, I would be in the market to buy some of the SM wedge. Can sales be cancelled whilst the loan is suspended? There may not be much left, I can see the potential of a scramble to de-list from sale and to buy - not that I'll be participating either way, I finally sold out at the end of last year, and still haven't signed those t&cs. Yes, they can. But it’s irrelevant since the proposed partial capital repayment would see the existing loan closed and a new loan listed for the balance (at the higher rate)
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Post by quidsaveblue2003 on Mar 22, 2019 23:10:24 GMT
but with a 1 million deposit, a solid asset and 15% interest for another 3 months - I'll take it. 1 million depost and 15% interests --- all are just "if" at the moment. It is very likely to fall through.
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Post by Badly Drawn Stickman on Mar 22, 2019 23:26:59 GMT
Can sales be cancelled whilst the loan is suspended? There may not be much left, I can see the potential of a scramble to de-list from sale and to buy - not that I'll be participating either way, I finally sold out at the end of last year, and still haven't signed those t&cs. Yes, they can. But it’s irrelevant since the proposed partial capital repayment would see the existing loan closed and a new loan listed for the balance (at the higher rate) Morale among the troops is very low. I would not be surprised to see a fair amount relisted regardless.
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