huxs
Member of DD Central
Posts: 300
Likes: 218
|
Post by huxs on Sept 27, 2018 12:30:55 GMT
Good morning Ukmikk would you please remove your reference number in your previous post. With regards to guarantor loan deal flow; I made a rough estimate as I know we had done 100 or so Guarantor Loans, that’s why we always refer to the statistics and loan book for lenders to carry out their own particular research, apologies for my approximate miss-communication, we have plans to increase the deal flow hence my comments.
Good morning.
The 110 Guarantor loans are over a five year period. The Guarantor Loans flow over the last 18 months has been one per 5.6 weeks. I look forward to seeing your expansion plans come to fruition.
justuslee Any news on this planned increase, still a big Justus fan but more volume is needed (without dropping standards that is )
|
|
huxs
Member of DD Central
Posts: 300
Likes: 218
|
Post by huxs on Sept 11, 2018 11:38:18 GMT
proplend do you think your loan limit allowed enough investors? Now I have to negotiate your 3 day withdrawal ie submit today, process tomorrow, for the day after. I’m sure you realise, Brian, that both of the above mean I, and perhaps other investors, will be investing less on your platform going forwards. Same here disappointing, is the only way to guarantee a part to turn on auto bid ? but then you automatically suck up the stuff on the secondary market which I don't want to do.
Update - my £1,000 deposit was credited as £10,000 which has turned my frown upside down a bit but I guess I have to wait for them to fix before withdrawing my original £1,000.
|
|
huxs
Member of DD Central
Posts: 300
Likes: 218
|
Post by huxs on Jul 23, 2018 12:19:38 GMT
What I don't get is that the proposed monthly payments is the same as the 16% we get, is huddle not earning anything off of this?
|
|
huxs
Member of DD Central
Posts: 300
Likes: 218
|
Post by huxs on Jul 18, 2018 13:16:18 GMT
take the the bloody whole development off him and refinance/ complete / get rid ourselves. leave this ar*ehole borrower with sod all.lendy the lion has got no teeth and all the borrowers know this. and that is a better option 2
|
|
huxs
Member of DD Central
Posts: 300
Likes: 218
|
Post by huxs on Jul 18, 2018 13:12:00 GMT
Take the £11 million now but with a 2nd charge over the remaining £4 million (not the £1 being offered). Agreed, that is more like a proper option 1, especially for people like me who invested steadily across the tranches to "do my bit" to help this get over the line. Instead it looks like I am going to learn the hard way that you should only invest in first tranche or not at all (the latter being the most likely going forward).
|
|
huxs
Member of DD Central
Posts: 300
Likes: 218
|
Post by huxs on Jul 18, 2018 12:21:09 GMT
Thanks to all our new JustUs lenders, you helped fund this loan in record time. We are aware that some of the new lenders came via the forum so we will aim to continually engage whenever possible. I would however state for prompt response to any queries our live chat service on the platform is being well used and feedback is excellent. Thanks again. Am I correct that this loan was cancelled ? Any particular reason and do funds sitting in pending loans get paid interest as available cash does?
|
|
huxs
Member of DD Central
Posts: 300
Likes: 218
|
Post by huxs on Jul 18, 2018 8:03:28 GMT
If I could be assured I would be in guarantor loans I would sign up, but as I understand I can be loaned out to property developers on 75% LTV - and I’ve been right royally stuffed at FS with those characters! You can select what types of loans to invest in and avoid the ones you don't
|
|
huxs
Member of DD Central
Posts: 300
Likes: 218
|
Post by huxs on Jul 5, 2018 19:37:34 GMT
While I think the FCA are definitely at fault I am not sure our case would be as clear cut as the FCA could argue they acted as quickly as possible after they found out the discrepancy, our main argument would be the FCA should be held responsible for the accuracy of their data even though they put a disclaimer on it. But if losses from the recovery are significant it might be worth a go. What planet are you on? The last BDO report talked of a protracted dispute about FCA permission. Bit harsh, but this forum does seem to bring out these sorts of impolite comments.
|
|
huxs
Member of DD Central
Posts: 300
Likes: 218
|
Post by huxs on Jul 5, 2018 14:34:04 GMT
While I think the FCA are definitely at fault I am not sure our case would be as clear cut as the FCA could argue they acted as quickly as possible after they found out the discrepancy, our main argument would be the FCA should be held responsible for the accuracy of their data even though they put a disclaimer on it. But if losses from the recovery are significant it might be worth a go.
|
|
huxs
Member of DD Central
Posts: 300
Likes: 218
|
Post by huxs on Jul 4, 2018 7:25:07 GMT
I have only joined Huddle recently but it seems that relatively small loans are struggling to fill is this normal? Also I thought Huddle had announced that they had a health pipeline of new loans but if the existing two cannot be funded then bring new loans on doesn't seem sensible ?
|
|
huxs
Member of DD Central
Posts: 300
Likes: 218
|
Post by huxs on Jul 3, 2018 9:31:37 GMT
Because they don't trust their 'amigo' that much ? cb25 Your'e actually not far wrong, in many instances it's actually the parents who prefer a formal arrangement as the kids/relatives in many instances feel less obliged to repay the bank of mum and dad in a timely manner. I have been using Justus for a few years (when you where still eMoneyUnion) and really like the Guarantee loans I just wish there was more.
|
|
huxs
Member of DD Central
Posts: 300
Likes: 218
|
Growth Street
New T&C's
Jun 29, 2018 15:10:55 GMT
Post by huxs on Jun 29, 2018 15:10:55 GMT
Yes, the change from 'lender' to 'investor' seems strange, and to me does not reflect the reality of the situation. I do not feel we 'invest' in either Growth Street, or to any of the businesses who benefit from out deposits. I'm going to contact them and ask them for the reasons behind the change in terminology and try to find out what has prompted the change, although I'm not really sure this has much significance in reality. Did this get clarified ? If we are investors are we secured investors on specific loans?
|
|
huxs
Member of DD Central
Posts: 300
Likes: 218
|
Post by huxs on Jun 26, 2018 14:23:06 GMT
Section 5.3 of the BDO report gives a full explanation of how the Directors are cooperating and assisting. thanks for that well sounds a bit more promising, i was under the impression they had gone to ground
If the directors are cooperating then surely someone can explain the capital shortfall? The money lent buy us should equal the money lent out plus the cash in the client account anything else implies that someone has been diverting funds which I didn't see as something acceptable under the T&C's .
|
|
huxs
Member of DD Central
Posts: 300
Likes: 218
|
Post by huxs on Jun 25, 2018 14:55:47 GMT
So the exercise of sends out of emails is going to cost a pretty penny, already 3+ hours spent on Friday , Saturday and then again today (@ £x00 p/h) how can they be drawing it out for so long?
|
|
huxs
Member of DD Central
Posts: 300
Likes: 218
|
Post by huxs on Jun 25, 2018 13:23:08 GMT
Just thinking about investing how long are the reinvestment delays at the moment?
|
|