dp
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Post by dp on Feb 12, 2019 12:46:31 GMT
Submitted my complaint to the FCA.
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dp
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Post by dp on Jan 9, 2019 18:22:16 GMT
Excellent news with good/logical update and outcome. Well done.
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dp
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Post by dp on Dec 7, 2018 15:18:36 GMT
Made withdrawal last night - still waiting for it.
Excellent move for repayment but someone needs to press the withdraw flow.
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dp
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Post by dp on Sept 17, 2018 14:00:05 GMT
Article in Liverpool Echo, published yesterday 16th September.
Look up newspaper name and project name and its first hit on Google.
Valued @ 8million.
Article slightly alarmist to say the least.
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dp
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Post by dp on Sept 3, 2018 14:07:10 GMT
Has anyone looked at the Vote results.....Option 1 as being the clear winner but Lendy appear to ignore the result and are proceeding with Option 2.
Option 1- 45.62% Option 2 - 17.79 %
Total Votes = 63.41%
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dp
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Lendy (L) in Administration
Cowes week
Aug 8, 2018 9:22:23 GMT
ozboy likes this
Post by dp on Aug 8, 2018 9:22:23 GMT
Did anyone here go to Cowes week and speak with Lendy? Interested how that went.
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dp
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Post by dp on Jul 17, 2018 15:02:29 GMT
It was probably certain that the new valuation was going to be adverse. Lendy have gone into a bit more detail with regard to the numbers, but I still feel the developer is trying it on. Effectively what this means is that our loan to them becomes interest free. We should really be told exactly what the new valuation is in order to make an informed judgement. I'm voting for no deal in the absence of further details. INTEREST FREE LOAN
It has been my gut reaction for a while, with all these haircuts and especially with overdue loans paying back the loan but no interest that the borrowers are taking us for a ride knowing they can play hard ball with Lendy and thus get a greatly reduced loan or in this case, more or less interest free loan.
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dp
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Post by dp on Jul 17, 2018 14:51:28 GMT
@paul64 Paul70 I feel there is some critical information missing from the lender vote description of Option A. If a majority of lenders were to vote for Option A: 1) Is Lendy proposing no further recovery action against the borrower, the original valuer or any other party? 2) If the answer to 1 is “no action proposed”, will a claim therefore be made against the Providion Fund for the value of the capital loss? How can lenders reasonably be asked to vote without knowing this? From my understanding, option 1 does include further recovery action against the borrower/other parties. It does say "Return before further recovery action" so one assumes Lendy will take legal action to recover the lost capital. To me it seems to confirm "The first option involves a two-stage cash-settlement with the borrower"
Doesn't suggest 3 stage - with the third being recover the outstanding capital, interest and bonus.
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dp
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Post by dp on Jul 5, 2018 14:23:18 GMT
Yup, be happy to join
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dp
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Post by dp on May 29, 2018 10:09:48 GMT
Got 1min 30 seconds in. Is that COO a joke? What is he wearing? Laughs at the first question and makes some terrible claims.
Turned off.
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dp
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Post by dp on May 1, 2018 13:42:25 GMT
Its started to flow in.....
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dp
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Post by dp on Apr 13, 2018 14:51:37 GMT
Appears they are still taking "Borrowers" words as gospel.
You'd have thought they would have learnt by now and when a borrow suggests something they ask for proof or at least evidence.
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dp
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Post by dp on Apr 12, 2018 13:03:15 GMT
No mention of secured and unsecured creditors.
Seems a very generic response.
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dp
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Post by dp on Feb 26, 2018 12:43:27 GMT
Any sign of an agreed completion date?
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dp
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Post by dp on Feb 4, 2018 15:51:00 GMT
Shame that - St A****** within a couple of minutes walk. Having developments on doorstep is sometimes positive as you can keep an eye on it. Do you think this may have turned into a development? The loan release information did say that there would be no development funding. Has Collateral changed it's position on this with previous loans? Collectively, the fact they were simple bridging loans was about the only thing that attracted me to them, although I did only invest in the smallest of the three. Not sure, loan listing suggested bridging, which I was fine with. A lot of Churches in the are which have closed and merged with others have subsequently been purchased and developed in to high end flats. Area is a desirable area to live within South Liverpool.
Anyway - shame really.
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