huxs
Member of DD Central
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Post by huxs on Apr 2, 2019 14:40:36 GMT
Yes. It does sound dodgy that the borrower has deposited the money with their solicitor on Friday, who informs MT but does not transfer it as indicated on Monday. Why? Maybe too busy playing golf (it was lovely weather on Friday) :-)
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Post by brummiefred on Apr 2, 2019 16:46:43 GMT
Interest is now in,
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Post by queenvictoria on May 9, 2019 13:27:40 GMT
I wonder whether the 'final draft SPA to be agreed between parties by the 24th April' and referred to in the update of 29th March has been signed off.
Its two weeks on from 24th April now but I guess if it was done then we would have heard.
Another sale fallen through ??
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Post by Badly Drawn Stickman on May 9, 2019 14:11:11 GMT
I wonder whether the 'final draft SPA to be agreed between parties by the 24th April' and referred to in the update of 29th March has been signed off. Its two weeks on from 24th April now but I guess if it was done then we would have heard. Another sale fallen through ?? The recent update suggests otherwise.
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Post by queenvictoria on May 9, 2019 14:27:29 GMT
I wonder whether the 'final draft SPA to be agreed between parties by the 24th April' and referred to in the update of 29th March has been signed off. Its two weeks on from 24th April now but I guess if it was done then we would have heard. Another sale fallen through ?? The recent update suggests otherwise. I cant see anything... am I missing it? I can see four brief updates since 29 March but all are about interest only.
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archie
Posts: 1,866 
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Post by archie on May 9, 2019 14:29:29 GMT
The recent update suggests otherwise. I cant see anything... am I missing it? I can see four brief updates since 29 March but all are about interest only. Updated today.
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Post by queenvictoria on May 9, 2019 14:42:17 GMT
I cant see anything... am I missing it? I can see four brief updates since 29 March but all are about interest only. Updated today. Thanks. Just seen. Strange there was no mention of the SPA though. I guess that means it didn't get agreed as per the plan.
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coop
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Post by coop on May 20, 2019 9:44:27 GMT
An update would be much appreciated as we were hoping for an update on timings last week.
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Post by Badly Drawn Stickman on May 21, 2019 9:45:53 GMT
An update would be much appreciated as we were hoping for an update on timings last week. People appear not to read them anyway, given people are still listing at a 4% discount and a positive update has been put up today. Oh and yes I did, thank you. Edit, then again maybe confidence really is that low at this time.
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r00lish67
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Post by r00lish67 on May 21, 2019 10:23:08 GMT
An update would be much appreciated as we were hoping for an update on timings last week. People appear not to read them anyway, given people are still listing at a 4% discount and a positive update has been put up today. Oh and yes I did, thank you. Edit, then again maybe confidence really is that low at this time. My confidence in just about any sale progressing to completion in the whole of P2P-land is about 70% against / 30% for. Especially when we're talking about development land as opposed to chocolate-box houses ( if there ever has been one of those in P2P!).
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Post by Badly Drawn Stickman on May 21, 2019 10:28:23 GMT
People appear not to read them anyway, given people are still listing at a 4% discount and a positive update has been put up today. Oh and yes I did, thank you. Edit, then again maybe confidence really is that low at this time. My confidence in just about any sale progressing to completion in the whole of P2P-land is about 70% against / 30% for. Especially when we're talking about development land as opposed to chocolate-box houses ( if there ever has been one of those in P2P!). I tend to agree, it is never a done deal until the money is returned. However if it looks reasonably positive, why on Earth would you not either remove from sale or set a better level, you can always relist if it goes a touch wobbly.
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r00lish67
Member of DD Central
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Post by r00lish67 on May 21, 2019 10:36:51 GMT
My confidence in just about any sale progressing to completion in the whole of P2P-land is about 70% against / 30% for. Especially when we're talking about development land as opposed to chocolate-box houses ( if there ever has been one of those in P2P!). I tend to agree, it is never a done deal until the money is returned. However if it looks reasonably positive, why on Earth would you not either remove from sale or set a better level, you can always relist if it goes a touch wobbly. Well, I guess it's a good advert for MT's new SM. You can take your view on what represents good value (or just ignore it entirely if you're a staunch anti-SM'er!)
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SteveT
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Post by SteveT on May 21, 2019 10:48:55 GMT
Total SM availability in this loan has dropped circa £100k in recent weeks, so there's definitely been plenty of buying and/or cancelling going on!
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stevio
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Post by stevio on May 21, 2019 15:42:04 GMT
My confidence in just about any sale progressing to completion in the whole of P2P-land is about 70% against / 30% for. Especially when we're talking about development land as opposed to chocolate-box houses ( if there ever has been one of those in P2P!). I tend to agree, it is never a done deal until the money is returned. However if it looks reasonably positive, why on Earth would you not either remove from sale or set a better level, you can always relist if it goes a touch wobbly. If this was on FS or LY, then people would be crying from the rooftops, as its MT and it is reasonably new experience for this platform to have vastly delayed projects, people are more forgiving The delays have continued and the story evolving - at some point you have to decide the likelihood of you receiving your capital back A 4% discount still gives a very reasonable return given the interest rates vs a potential much larger capital loss, as we have seen across other platforms, 66% capital loss is a very real possibility these days
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justme
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Post by justme on May 21, 2019 17:28:19 GMT
Not only on other platforms - on this one as well ..So having quite a big (8%?) bird in hand is better than otherwise, update or no update.
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