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Post by brianac on Feb 12, 2018 19:04:17 GMT
I hope this one gets extended... I'm getting close to the front of the queue! Is this just wishful thinking, or is there a way to tell where you (or I) are in the queue? regards Brian
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drgonzo
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Post by drgonzo on Feb 12, 2018 19:15:09 GMT
I hope this one gets extended... I'm getting close to the front of the queue! Is this just wishful thinking, or is there a way to tell where you (or I) are in the queue? regards Brian There is a way to tell. If you click on "My Loans" in the top menu bar, then on "For Sale" on the menu bar below that, the 3rd column "Queued Behind" tells you how much money is in front of yours in the sales queue. But hoping that I will get my remaining holding sold before this one gets kicked over to the Defaulted list probably IS wishful thinking!
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Post by brianac on Feb 13, 2018 19:14:31 GMT
Thanks I'll try that Brian
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r00lish67
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Post by r00lish67 on Feb 15, 2018 10:30:05 GMT
Update posted on MT's site..as expected, not great reading.
..and Plymouth too, which makes for rather similar reading.
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Monetus
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Post by Monetus on Feb 15, 2018 16:47:39 GMT
Another large MT default.... *sigh*
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agent69
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Post by agent69 on Feb 15, 2018 18:37:14 GMT
Update posted on MT's site..as expected, not great reading. ..and Plymouth too, which makes for rather similar reading. I bailed out of Plymouth a while ago, but still have a wadge in Boli. Hope that won't end up too painful.
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Post by sirkillalot on Feb 16, 2018 11:07:08 GMT
I had nearly got out of this. Just £300 left - and £100 quid off the front of the queue !!
However, I have a fair chunk in Plymouth 2. Interested to see how that plays out.
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Post by mrclondon on Feb 18, 2018 13:39:30 GMT
Well it seems that at least some heavy construction work was still being carried out during December, the HSE slapped another two improvement notices on them, this time for failing to check an excavator and a block grab before first using them.
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agent69
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Post by agent69 on Feb 18, 2018 15:37:24 GMT
Well it seems that at least some heavy construction work was still being carried out during December, the HSE slapped another two improvement notices on them, this time for failing to check an excavator and a block grab before first using them. What a good spot Excavators are required to have a thorough examination every 12 months. If you hire one then when it's delivered it should come with a copy of the cert. The requirements for certifying lifting equipment varies slightly depending on what it's lifting, but the same principle applies. It should come with a copy of the appropriate inspection cert. Schoolboy error not to have copies these certs on site
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seeingred
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Post by seeingred on Feb 21, 2018 13:22:17 GMT
I'm beginning to think the schoolboy error was ever lending to this particular borrower.
The first block of 6 houses might be sellable and quickly, provided finishing off works can be completed and paperwork regularised.
This might provide some renewed confidence in MT as a platform.
A few trivial loans on nice shiny cars with only Glasses Guide prices as valuations will not suffice.
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mickj
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Post by mickj on Feb 26, 2018 22:34:37 GMT
Significant update 26th Feb
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Post by snowdrop800 on Feb 27, 2018 8:57:05 GMT
"The development has not progressed as much as we were led to believe and there is a significant amount of work to complete."
Disappointing that MT are seemingly not visiting these development sites themselves. The lack of progress onsite was plain to see.
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jcm9000
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Post by jcm9000 on Feb 27, 2018 9:01:59 GMT
Well we knew this was how it would end, but i fear i may finally join the sale queues on every other property loan. The total default value for all for me is double my historic interest and i simply can’t be bothered now. My per loan limit is certainly slashed...
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m2btj
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Post by m2btj on Feb 27, 2018 9:07:05 GMT
I will watch with great interest to see how MT go about the recovery process.
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archie
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Post by archie on Feb 27, 2018 9:20:11 GMT
The total default value for all for me is double my historic interest. Mine too but I'd rather they default the loans and sort them out. Some platforms seem to let them run on forever without action.
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