jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Jun 11, 2019 9:55:35 GMT
Should this development go to plan, is it realistic to expect it to be completed for summer 2020? I love going to Dumfries for hot tub lodge holidays. I spent a few days in Dumfries when I was up there earlier in the year, it really is a very friendly place and has a lot of interesting things to do there. The graveyard where a certain poet is buried is incredible, I had no idea one could spend half a day walking round a graveyard admiring the skill of stonemasons given presumably very big budgets. I spent a bit of time talking to a lady planting an edible garden around the museum (which has a rather wonderful camera obscura), other parts of the town also seemed to be embracing that. She was originally from America but is an incredible source of local knowledge. I hope this does get established, the local area needs the jobs that would be generated. However on a personal level I would like to see some money being returned from the loan, I have no problem with loans overrunning but do get annoyed when interest payments fail to be made, and no plan is in place to make them. I do have confidence in the loan but feel it is time to add another 2% on top of the current extra 2% to help focus minds on this one, this should be payable to the active loan holder on completion. Can't believe the graveyard doesn't get it's own section in the "teaser"
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Post by Badly Drawn Stickman on Jun 11, 2019 10:08:12 GMT
I spent a few days in Dumfries when I was up there earlier in the year, it really is a very friendly place and has a lot of interesting things to do there. The graveyard where a certain poet is buried is incredible, I had no idea one could spend half a day walking round a graveyard admiring the skill of stonemasons given presumably very big budgets. I spent a bit of time talking to a lady planting an edible garden around the museum (which has a rather wonderful camera obscura), other parts of the town also seemed to be embracing that. She was originally from America but is an incredible source of local knowledge. I hope this does get established, the local area needs the jobs that would be generated. However on a personal level I would like to see some money being returned from the loan, I have no problem with loans overrunning but do get annoyed when interest payments fail to be made, and no plan is in place to make them. I do have confidence in the loan but feel it is time to add another 2% on top of the current extra 2% to help focus minds on this one, this should be payable to the active loan holder on completion. Can't believe the graveyard doesn't get it's own section in the "teaser" It's a teaser, you don't go straight in with the 'good stuff'.
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coop
Member of DD Central
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Post by coop on Jun 11, 2019 10:13:31 GMT
Do we get a free holiday for investing?
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hazellend
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Post by hazellend on Jun 11, 2019 10:20:31 GMT
Do we get a free holiday for investing? Free holiday days instead of penalty interest ?
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toffeeboy
Member of DD Central
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Post by toffeeboy on Jun 11, 2019 17:41:24 GMT
Do we get a free holiday for investing? Free holiday days instead of penalty interest ? That sounds like time share rather than P2P
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jlend
Member of DD Central
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Post by jlend on Jun 14, 2019 10:27:32 GMT
Hi MoneyThingWill you be providing a new estimated end date? The current one on the web is 15th June, tomorrow. Thanks
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Post by ladywhitenap on Jun 20, 2019 8:15:52 GMT
Hi MoneyThing Will you be providing a new estimated end date? The current one on the web is 15th June, tomorrow. Thanks Hi MoneyThing, What was the outcome of your discussions with Druces on Monday 17th? Is the website repayment date of 22nd June realistic? Thanks LW
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averageguy
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Post by averageguy on Jun 21, 2019 9:09:19 GMT
Emailed MT for an update ...i think it’s reasonable we should have one considering the timing of the bond was supposed to be discussed earlier this week and the loan isn’t currently being serviced
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Forward
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Post by Forward on Jun 21, 2019 9:19:36 GMT
Update on site - may be repaid next week
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corto
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one-syllabistic
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Post by corto on Jun 21, 2019 9:30:01 GMT
Somebody just gulped up 4k5 at high discount. Congratulations! 5% in one week (if it repays)
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averageguy
Member of DD Central
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Post by averageguy on Jun 21, 2019 9:30:28 GMT
Update on site - may be repaid next week Lol now that was quick
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averageguy
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Post by averageguy on Jun 21, 2019 12:21:34 GMT
Somebody just gulped up 4k5 at high discount. Congratulations! 5% in one week (if it repays) Yes ..nice and fingers crossed ..I’ve got a couple recently at the same discount and looked at what was available this morning but decided I had more than enough exposure as it was
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Post by Badly Drawn Stickman on Jun 22, 2019 15:14:58 GMT
Somebody just gulped up 4k5 at high discount. Congratulations! 5% in one week (if it repays) Yes ..nice and fingers crossed ..I’ve got a couple recently at the same discount and looked at what was available this morning but decided I had more than enough exposure as it was I think we have all been around long enough to know that until the money has landed nothing is certain, but this one does look like it is a strong possibility, but like yourself I think I have as much as I am comfortable with. The real trick (given hopefully we will all have funds by this time next week) is to decide which of the other 'well discounted' loans is worth a speculative punt. Still around 20k at 99% and a good bit more at 99.5% as I type, wonder if anybody is feeling confident enough to snap it up? Although in truth the real value in the loan is the interest that has been accruing for some time now, anybody got a record of when it last paid any?
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Post by Badly Drawn Stickman on Jun 24, 2019 7:45:32 GMT
The interest is paid to the "owner" of the loan up until the day they sell. So if you purchase loan parts you only receive the interest for the days you own the parts. That it what happens in some shape or other on every platform I am aware of (The now defunct lendy bonus interest, being the only variation I can recall). My point was that the accrued interest is what most would be happy to see on repayment, and that the chance to make a few extra % interest is maybe less of a driver than on a loan that was fully up to date. Then again arguably unless it does repay neither option applies just yet. Its a rather sad reflection on the general state of P2P and maybe MT that doubt plainly exists, if it didn't anything below par would be snapped up very quickly. If the update had contained a bit more detail it would have helped. In the interests of disclosure, I have held a fairly large amount since launch, and that has been for sale at par for a long time and will remain that way. I have traded quite a bit since the SM launch buying when the price was low and selling out as the price recovered, rinsed and repeated.
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SteveT
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Post by SteveT on Jun 24, 2019 8:15:19 GMT
The interest is paid to the "owner" of the loan up until the day they sell. So if you purchase loan parts you only receive the interest for the days you own the parts. That it what happens in some shape or other on every platform I am aware of (The now defunct lendy bonus interest, being the only variation I can recall). Of those platforms I've used historically, Funding Circle, Funding Secure, Ablrate, Huddle and Blend all operate SM's on the basis that the Buyer takes over the right to receive as-yet-unpaid accrued interest from the Seller (either explicitly or implicitly paying the Seller for this as part of the purchase price). I dare say there are others.
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