criston
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Post by criston on Jan 18, 2020 8:57:52 GMT
We were led to believe the buyer was putting up the interest arrears, but note the latest update refers to the borrower.
Would feel more comfortable if it was a commitment by the buyer.
If it was the buyer, then they would obviously have a legal agreement with the borrower.
Lets see how things pan out.
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averageguy
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Post by averageguy on Jan 18, 2020 10:36:50 GMT
We were led to believe the buyer was putting up the interest arrears, but note the latest update refers to the borrower. Would feel more comfortable if it was a commitment by the buyer.If it was the buyer, then they would obviously have a legal agreement with the borrower. Lets see how things pan out. On the flip side it shows the borrower isn’t walking away from their responsibilities....I’ll take the glass half full view I would add that it’s by no means certain that it’s the borrower who has paid the interest ....yes MT have allowed the borrower the extension but then the loan agreement is, to state the obvious, with them....any away I’m encouraged ...let’s see where we go from here
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criston
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Post by criston on Jan 19, 2020 15:25:33 GMT
We were led to believe the buyer was putting up the interest arrears, but note the latest update refers to the borrower. Would feel more comfortable if it was a commitment by the buyer.If it was the buyer, then they would obviously have a legal agreement with the borrower. Lets see how things pan out. On the flip side it shows the borrower isn’t walking away from their responsibilities....I’ll take the glass half full view I would add that it’s by no means certain that it’s the borrower who has paid the interest ....yes MT have allowed the borrower the extension but then the loan agreement is, to state the obvious, with them....any away I’m encouraged ...let’s see where we go from here Actually £2.5m at 17% for 4 months is £140k; a considerable sum, which someone stumped up. Maybe the long overdue 'Reservation of Rights' letter got some 'banging of heads together'.
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travolta
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Post by travolta on Jan 28, 2020 15:30:55 GMT
Visited Moneything site ,just to see if I remembered my password and actually received some cash (27.00) . After all the SH~TE from AssCap,Lendy, Collateral , Funding Secure et all, the corners ofmy mouth twitched (upwards) and I was inclined to send Sophie et Co a cake, or at least a packet of biscuits.
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Post by Please turn me over on Feb 6, 2020 13:43:59 GMT
MoneyThingThe Gazette shows a creditor has submitted a petition to wind up. Any significance?
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archie
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Post by archie on Feb 6, 2020 15:36:40 GMT
MoneyThing The Gazette shows a creditor has submitted a petition to wind up. Any significance? Update on platform.
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DeafEater
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Post by DeafEater on Feb 7, 2020 15:30:52 GMT
...and although the update seeks to reassure us, the fact remains that the last two directors on the borrower's board resigned on 23/12/2019 and according to companies house, it now has precisely zero officers.
This kind of begs the questions: (a) Is this legal? and (b) who is picking up the telephone when MT ring them?
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Post by spareapennyor2 on Feb 12, 2020 11:57:44 GMT
companies house
new director 12 Feb
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averageguy
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Post by averageguy on Feb 12, 2020 12:01:59 GMT
companies house new director 12 Feb Phew at last someone to pick up the phone 
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Feb 12, 2020 12:38:02 GMT
You might want to look at his previous directorships. An associate of someone who hasn't got a great track record in P2P incl one Liverpool project on a Quay. Now he seems to have ceased prior to effluent hitting the whirly thing but ... That said as long as they have cash to repay then who cares.
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averageguy
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Post by averageguy on Feb 17, 2020 20:46:56 GMT
Maximum of one more week for the rest of the arrears and current months interest
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criston
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Post by criston on Feb 23, 2020 9:36:49 GMT
£177k due tomorrow. Another serious amount from someone, if it arrives.
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averageguy
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Post by averageguy on Feb 24, 2020 12:29:15 GMT
I’d be very surprised if it arrived by deadline day
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mw
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Post by mw on Feb 24, 2020 22:20:36 GMT
A nice bit of communication wouldn't have gone amiss today!
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Post by marcusponds on Feb 25, 2020 14:41:38 GMT
or, cash?
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