1st Charge Bxxxxxxwick

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rogerbu
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1st Charge Bxxxxxxwick Jun 8, 2017 12:12:54 GMT

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Post by rogerbu on Jun 8, 2017 12:12:54 GMT

This loan for £587K shows an LTV of £55.38% - 13% looks attractive

There is an existing 2nd Charge loan of £188k brings the LTV up to 73% - looks high risk for 13%

There are also two smaller loans (£20K & £44K)against another property in same village - Same borrower?

Hmm!

Last Edit: Jun 8, 2017 12:13:45 GMT by rogerbu

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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1st Charge Bxxxxxxwick Jun 8, 2017 12:25:31 GMT

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Post by ilmoro on Jun 8, 2017 12:25:31 GMT

Jun 8, 2017 12:12:54 GMT rogerbu said:

2nd charge wouldnt increase the 1st charge loan LTV surely? Only relevance of 2nd charge is it could cause a demand on the security without the 1st charge loan being in default.

Stuck a toe in as part of my minimalist reengagement with FS.

Last Edit: Jun 8, 2017 12:27:02 GMT by ilmoro

Minor shareholder in AC, BO, FO, CP, WA, Pfi, Ccube, Sdrs, AE, ABL. AC beta test. LAG, MTAG, FSAG

PLEASE NOTE : All opinions and observations made on this forum are my own view and made in a personal capacity. I have no links to any platform nor am I a financial professional so posts should not be considered financial advice or promotion. I accept no responsibility or liability for the accuracy, content, completeness, legality, or reliability of the information contained in my posts.

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