keystone
Member of DD Central
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Post by keystone on Oct 31, 2019 15:21:11 GMT
This is Moneything's biggest loan to a borrower. How can you hand over £2.5M+ of other peoples money without any checks whatsoever?
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Post by westcountry on Oct 31, 2019 15:41:14 GMT
This is Moneything's biggest loan to a borrower. How can you hand over £2.5M+ of other peoples money without any checks whatsoever? Unfortunately, the answer seems to be 'far too easily'
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bulletbill
Member of DD Central
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Post by bulletbill on Oct 31, 2019 17:33:16 GMT
The p2p industry is a disgrace. Many of these platform treat our money like Monopoly money. The recurring theme on all these failed platforms is the directors were at best incompetent and at worst crooked, only had their own interests in mind and were in it for quick personal gain. MT strike me as having a bit more integrity so I’ll put them in the incompetent bucket, but unfortunately would not be surprised to see them being the next platform to give up and hand over to Administrators. The signs are there - no investor confidence, lack of new loans and mounting ugly looking defaults.
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Post by queenvictoria on Nov 8, 2019 17:42:45 GMT
MT. Can we please have an update on the progress with the sale of this property.
Would you please also comment on the most recent valauation you or the administrators have been given and if there is a significant discrepancy between this and the RICS valuation you/we relied on when the loan commenced whether proceedings are underway to make claim on that original valuer.
Please also comment on any other recovery actions that may be underway.
I appreciate that some circumspection may required when you compose it but I am sure lenders would appreciate as a full an update as you can give
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seb8072
Member of DD Central
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Post by seb8072 on Nov 9, 2019 8:45:41 GMT
Yes MT, I too would like an update on this loan.
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sussexlender
Member of DD Central
Cheat seeking missile
Posts: 550
Likes: 916
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Post by sussexlender on Nov 9, 2019 12:40:58 GMT
MT. Please provide some up to date information on this loan and the borrowers proposals.
The current silence is starting to cause a lot of concern to some of your very loyal investors. This can easily be avoided if you tell us what is being done.
In support of MT, and with best wishes, SXLR
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derbyfella
Member of DD Central
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Post by derbyfella on Nov 15, 2019 23:33:38 GMT
What borrower proposals? The borrower is being pursued under their personal guarantee...suspect we will get nothing on that front. after all the forbearance on this loan, I personal don't mind 'no comment' on this for a while now.
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cedarcourtcapital
Member of DD Central
Listening is not the same as understanding
Posts: 190
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Post by cedarcourtcapital on Dec 18, 2019 10:43:12 GMT
Moneything - Update please, with timescales.
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sussexlender
Member of DD Central
Cheat seeking missile
Posts: 550
Likes: 916
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Post by sussexlender on Dec 26, 2019 18:04:51 GMT
Has anyone been to see this / driven past it recently?
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stokeloans
Member of DD Central
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Post by stokeloans on Dec 28, 2019 16:36:23 GMT
Has anyone been to see this / driven past it recently? It's still there
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sj
Member of DD Central
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Post by sj on Dec 28, 2019 19:04:22 GMT
Has anyone been to see this / driven past it recently? It's still there ...which is more than can be said for the RCC loans!
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rocky1
Member of DD Central
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Post by rocky1 on Jan 8, 2020 17:34:48 GMT
are the administrators still liasing with sales agents? have dates been set for full and final offers?absolute joke the whole lot of it.
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sussexlender
Member of DD Central
Cheat seeking missile
Posts: 550
Likes: 916
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Post by sussexlender on Jan 18, 2020 19:58:00 GMT
Hi Things
It really is time for an update on this loan. There is a great deal at stake for many investors.
Please can you bring us all up to date?
Wishing you all the best, SXLR
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rocky1
Member of DD Central
Posts: 1,132
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Post by rocky1 on Jan 22, 2020 17:23:47 GMT
anything happening here, moneything,administrators,sales agents is anybody talking to anybody here.cmon MT what is going on with this loan.
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crazi
Posts: 41
Likes: 62
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Post by crazi on Jan 23, 2020 16:58:58 GMT
Last Update:
20/11/2019
The Administrator is liaising with the sales agent in order to put an agreed timeframe in place to invite full and final offers.
That was 2 months ago. Either the Administrator or the Sales Agent (or both) are pretty useless if they can't agree a timescale within 2 months!
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