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Ablrate (ABL) in Administration
Questions
Jun 12, 2015 21:08:33 GMT
will likes this
Post by Duane Dibley on Jun 12, 2015 21:08:33 GMT
Love the new site Andy. Love it. Love it. Don't ever change it.
The synchronisation of a high quality interactive experience juxtaposed with the understated simplicity of it all. A master stroke indeed.
I can truly say without any hint of irony, that this is what the internet was invented for.
One little question though, I mean it's nothing really, hardly worth mentioning in fact.
But ........ how do you log in?
I mean the way the little box with 'Invalid email and/or password. Please try again.' just pops up time and time again, right there, perfectly central, well it's just something else. Instantly recognisable yet discreet and understated. Assured but modest. Wonderful. Breathtaking in fact.
But I just feel there's something missing, and I can't quite put my finger on it
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Post by Duane Dibley on Jun 8, 2015 21:17:12 GMT
To be honest I would be interested in this domain name if it ever became available.
I've already got some property in the area - a hotel and four houses. I just need the Water Works next door and I'll be loaded.
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Assetz Capital (AC)
L**DS C P
Jun 1, 2015 20:08:45 GMT
Post by Duane Dibley on Jun 1, 2015 20:08:45 GMT
Somewhere down the line there is a responsibility issue involved and it doesn't stop at the individual platform. Lenders also need to take on board a level of responsibility themselves which I doubt many do not. The bottom line is you cannot force lenders into reading the depth of experience that exists on this forum and taking appropriate action where necessary. You are assuming, incorrectly I might add, that all AC lenders are aware of the existence of this forum and make a deliberate choice not to participate. I am fully aware of the history between Andrew Holgate and this forum, yet he is always quick to point out the independence of the forum and deny any official links to AC. Any important statements or news relating to loans should, at least in my opinion, be made first on the AC website rather than an independent forum (private board or not), which is only read by a limited number of lenders, and if he wishes to discuss it further only then should he be posting about it on here.
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Post by Duane Dibley on May 31, 2015 16:42:07 GMT
More info on the private AC board -here- with a brief update from AH. Only paused this morning, and a promised on site update tomorrow. I would have thought that if AH had time to update this forum then he would have had time to update their own website. He should be posting on his own website first rather than this one, in my opinion, so that everyone has equal access to relevant information, not just members of a private board.
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Post by Duane Dibley on May 2, 2015 11:07:24 GMT
On the last six months performance, they should swap places with one of the other companiez on the main board. Does anyone agree with me? Noooooooooooooo. Funding Knight is a nice little platform with a steady deal flow at not bad rates, why on earth would anybody want to risk spoiling that by further publicising it and inviting the rapacious hordes to descend on it? We've seen it with Funding Secure where rates are now decreasing and more prominently MoneyThing, which started off brightly only to quickly descend into the unedifying scrum it now is. So keep it under your hat Captain. Hush hush. Say no more. Say no more.
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Post by Duane Dibley on Apr 29, 2015 20:10:05 GMT
Note: I will put these loans on 'pending' at 11am tomorrow to go live at 3pm (email, tweet & post to go out at 11am). Notification at 11 am? Loans live at 3 pm? Just so you know for future reference - some people have to work during the day.
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Post by Duane Dibley on Apr 24, 2015 23:41:25 GMT
The fact that the Cashback is listed separately implies that it should be treated differently from interest. Would anyone care to say what they are doing with the Cashback number? These days you get cashback from all sorts of things, from credit and debit cards, websites like Quidco to mortgage applications. When I was a lad you got sixpence for taking empty pop bottles back to the shop. Never heard of anyone paying tax on it. When there's a box on my tax return for filling in my clubcard points that's the time when I'll start paying tax on my cashback. Until HMRC come out and say for definite whether or not cashback payments are subject to income tax then I'll interpret the rules as I see fit errrr ..... your honour.
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Post by Duane Dibley on Apr 15, 2015 20:01:19 GMT
If you can get a BTL from a bank then the rates are currently far lower than 6.5%, with this loan being near the top end of the market. If you can get a BTL from a bank at far lower rates then it begs the question why the borrower isn't, getting a BTL from a bank that is. I presume it's because of the borrower's age. The figures don't stack up to me, with a purchase price of £127,260 and an estimated rental of £775/month that gives a gross yield to the borrower of 7.3% pa, but wait he's paying 6.5% to lenders plus commission? Now maths was never my strong point but I reckon he'd be better off putting his money in a decent p2p platform. How about a nice speedboat? I wish you luck but am oot.
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Post by Duane Dibley on Apr 11, 2015 20:03:07 GMT
One minute the loan had been repaid and the funds available to withdraw then the next minute they'd gone and reinvested in the renewed loan. I think this is the standard procedure when a loan is renewed and a lender has activated the automatic renewal feature. As it says in the note at the bottom of the page listing a lender's Current Active Investments... I don't want to harp on about this, so this will be my last post on the subject I promise. But just to correct you Mike it wasn't just the interest that was repaid, it was interest and capital. As I've tried to explain the loan wasn't automatically renewed, at least not for me, the capital and interest was repaid and credited to my account. I assumed therefore that the loan had been repaid and not renewed and posted on this thread to let others know that. After doing so I went to withdraw the money and hey presto it had disappeared and invested in the renewal loan instead, so I edited the four minutes later correcting my earlier observation. So we're all clear now. Nothing to see. Nothing to do. And we're all happy aren't we. Ladies and gentlemen Caratacus has now left the building.
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Post by Duane Dibley on Apr 10, 2015 11:05:32 GMT
Well well well that's a surprise, those dusty old books have repaid, thought they were a certainty to renew. Errrr .......... and now they have renewed. Curiouser and curiouser. Take it you didnt get the email yesterday. Theyre being sold but not surprisingly its taking time hence the renewal One minute the loan had been repaid and the funds available to withdraw then the next minute they'd gone and reinvested in the renewed loan. All sorted now. As you were.
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Post by Duane Dibley on Apr 10, 2015 9:22:31 GMT
Well well well that's a surprise, those dusty old books have repaid, thought they were a certainty to renew.
Errrr .......... and now they have renewed. Curiouser and curiouser.
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Post by Duane Dibley on Apr 8, 2015 8:35:15 GMT
I want to be able to get a good deal flow going through Q2 with a view to launching the product to the crowd in H2. A Andrew, who or what is Q2 and H2?
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Ablrate (ABL) in Administration
Tax Statement
Apr 8, 2015 8:05:43 GMT
Post by Duane Dibley on Apr 8, 2015 8:05:43 GMT
ablrateandy Not good enough. The tax statement should have been in place for the close of the tax year. Did you not know it was coming? I suggest you get your finger out and sort it. Calm down. You've got over 9 months to complete your tax return. You can put your finger back in now Andy.
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Post by Duane Dibley on Mar 14, 2015 22:17:42 GMT
According to my calendar, 'end April' is four weeks after Easter, and if auction buyers have a further four weeks to complete... Poetic licence.
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Post by Duane Dibley on Mar 14, 2015 20:07:33 GMT
It wouldn't be quite right to say that I've been looking forward to this day but I have been anticipating it in an ever so slightly masochistic kind of a way.
Certainly it will be interesting to see how SS manage a default and how the provision fund might work in practice.
They don't seem to be taking any prisoners so far, and unlike other lenders this could all be over bar the shouting by Easter.
Provided SS handle this matter in the same professional manner they've handled other issues I'm waiting to be impressed.
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