acky
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Post by acky on Jun 16, 2017 12:03:08 GMT
Yeah, Tewkesbury property loan due to repay next week. It's only 4 to 5 months late, and this is only the 7th promised repayment date in the drivelling list of comments. And I thought FC were being given the run-around again - silly me. All that's left now is for the solicitors to check the property title (um, am I being daft in thinking that should have been done a little earlier?).
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blender
Member of DD Central
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Post by blender on Jun 16, 2017 14:29:51 GMT
Is this the same old Tewkesbury that was one of the first FC property loans, when the team were still bright-eyed and bushy-tailed (though hugely experienced)? I dimly remember making some decent cash out of that.
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acky
Posts: 481
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Post by acky on Jun 16, 2017 17:18:24 GMT
Is this the same old Tewkesbury that was one of the first FC property loans, when the team were still bright-eyed and bushy-tailed (though hugely experienced)? I dimly remember making some decent cash out of that. Yep, thanks for rubbing that one in, blender - first listed (before my time) in Sept 2014 with 2% cash back (you stripper!). At least I know where to come now with my begging bowl when FC next move back the promised payment date and ultimately default the loan! 
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blender
Member of DD Central
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Post by blender on Jun 18, 2017 10:13:30 GMT
I think I missed the very first Tewkesbury loan because I felt that I should support real businesses and not feed house price inflation. I got over that, or perhaps FC corrupted me - note to self: must look for a specialist firm of caring lawyers who can help me stop other people being corrupted, as I was, by getting me lots of compensation. So when you say 4 or 5 months late - how late is completion and sale of the original development planned?
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damar
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Post by damar on Jun 18, 2017 21:13:10 GMT
I have funds in four loans in Tewkesbury ranging from 114 to 141 days late. I believe the interest is charged at an extra 2% for these types of loans, is that collected on settlement or paid monthly as I can't find it on the transaction statement.
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blender
Member of DD Central
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Post by blender on Jun 18, 2017 21:19:48 GMT
It's normally rolled up and paid with the repayment, together with the last scheduled interest payment.
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Post by yorkshireman on Jun 18, 2017 21:34:25 GMT
note to self: must look for a specialist firm of caring lawyers who can help me stop other people being corrupted, as I was, by getting me lots of compensation.
Just make sure that no one with your firm of caring lawyers has connections with the outfit involved with FC loan 1558 “L**n to bu* La**ers F**m” aka Bent Lawyer. 
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blender
Member of DD Central
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Post by blender on Jun 18, 2017 22:07:25 GMT
note to self: must look for a specialist firm of caring lawyers who can help me stop other people being corrupted, as I was, by getting me lots of compensation.
Just make sure that no one with your firm of caring lawyers has connections with the outfit involved with FC loan 1558 “L**n to bu* La**ers F**m” aka Bent Lawyer. I will be very careful and use only 'Top Tier' lawyers. The ones who wear very fashionable designer jeans.
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acky
Posts: 481
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Post by acky on Jun 23, 2017 15:23:11 GMT
What a surprise. The 7th "expected"/"anticipated" repayment date has fallen by the same wayside as the other 6. Do I spot a pattern here? Bring on the 8th!
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c88dnf
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Post by c88dnf on Jun 23, 2017 20:13:01 GMT
What a surprise. The 7th "expected"/"anticipated" repayment date has fallen by the same wayside as the other 6. Do I spot a pattern here? Bring on the 8th! What a lack of ambition! Double figure delay excuses are surely the least we should hope for. Perhaps a sweepstake on when each late/ defaulted loan may pay back?
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adrian77
Member of DD Central
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Post by adrian77 on Jun 24, 2017 19:50:46 GMT
can somebody tell me the loan number - I recognise this one and remember posting concerns about it months ago....thanks
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guff
Posts: 730
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Post by guff on Jun 24, 2017 19:58:46 GMT
Not that I've got them all anymore, but CB and SM premiums were good:
7248 - 9% + 2% CB
9262 - 9% + 2% CB
10649 - 9% + ½% CB
10913 - 9% + ½% CB
19560 - 10%
19573 - 10%
19679 - 10%
19735 - 10%
20416 - 10%
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damar
Member of DD Central
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Post by damar on Jul 4, 2017 11:44:51 GMT
1 -2 weeks will be up this Friday, so I am sure they will have drawn down the funds and we will all be repaid...................
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c88dnf
Member of DD Central
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Post by c88dnf on Jul 4, 2017 11:55:45 GMT
1 -2 weeks will be up this Friday, so I am sure they will have drawn down the funds and we will all be repaid................... Yup, as sure as I'm standing next to this unicorn..... 
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adrian77
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Post by adrian77 on Jul 4, 2017 17:10:38 GMT
REf ----All that's left now is for the solicitors to check the property title--- I don't buy this (I am a small developer) . I thought these units were finished about 2 years ago. I seem to recall there was a dispute as to what flats were responsible for what maintenance? I would translate the FC reply as "there has been an almighty Horlicks due to failure to manage this project properly and FC failed to oversee it properly. Sadly now the lawyers are milking it for all they can and all we can do it wait and send out meaningless if not misleading "updates"...
Also these units seemed far too expensive to me....
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