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London Post.... “who is {text removed by MSE Forum Team} “ article tonight.
Throws a good light on things.
I cant add a link
Also on london posts facebook site0 -
Supercalafragalistic wrote: »London Post.... who is {text removed by MSE Forum Team} artcle tonight.
I cant add a link
Also on london posts facebook site
Not really very insightful.0 -
Not really very insightful.[/QUOTE]
No, but makes him sound like a good guy, ex military and all.
Wonder if its a bit of PR wtitten by a friend?
Also producing a film it seems, company number 114545630 -
https://london-post.co.uk/who-is-paul-careless-meet-the-brighton-based-entrepreneur/
Not really very insightful.In 2018, {text removed by MSE Forum Team}was named the 10th most influential person in Brighton after making the Brighton Power 100 list, {text removed by MSE Forum Team} beat off the likes of Conor Maynard and Katie Price who were placed at 11th and 12th place respectively.0 -
Point Taken! I just thought it was interesting. Apologies0
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Regarding underwriting secured commercial loans, I thought besides checking credit worthiness of the commercial borrower the loan underwriter would also check the borrower had possession of the assets securing the loan and that they were accurately valued. If this is not done at the time of the secured commercial loan how can an administrator be expected to easily trace and value the assets in the administration process? LCF claimed £500 million in secured asset value re the commercial loans. Who did that valuation?0
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Regarding underwriting secured commercial loans, I thought besides checking credit worthiness of the commercial borrower the loan underwriter would also check the borrower had possession of the assets securing the loan and that they were accurately valued. If this is not done at the time of the secured commercial loan how can an administrator be expected to easily trace and value the assets in the administration process? LCF claimed £500 million in secured asset value re the commercial loans. Who did that valuation?
Several P2P platforms use underwriters so that they can make loans that are too large for them to fill in a reasonable amount of time. Here's an example on a P2P platform with a handy explanation:
In answer to your question about how the administrators will trace and value the assets - they will need to use the loan contracts and registered legal charges, and will of course have to have the assets revalued. This is normal procedure. Valuation reports will likely have been obtained from a number of sources, and will likely be subject to a number of assumptions. The situation is likely to have changed since they were prepared, so the current value of assets can only be properly determined by a new valuation.0 -
Supercalafragalistic wrote: »Not really very insightful.
No, but makes him sound like a good guy, ex military and all.
Wonder if its a bit of PR wtitten by a friend?
Also producing a film it seems, company number 11454563[/QUOTE]
Seems the director of that company is in business with {text removed by MSE Forum Team} and also is the Chair of the "Brighton Power 100". Who would have ever thought...0 -
A loan underwriter just provides the money so that the loan can be drawn down before it is filled by other investors. The underwriter's stake is then gradually replaced until they have no money remaining in the loan. Underwriters invest on preferential terms and are usually paid for their services - in this case with a 20% fee.
Several P2P platforms use underwriters so that they can make loans that are too large for them to fill in a reasonable amount of time. Here's an example on a P2P platform with a handy explanation:
In answer to your question about how the administrators will trace and value the assets - they will need to use the loan contracts and registered legal charges, and will of course have to have the assets revalued. This is normal procedure. Valuation reports will likely have been obtained from a number of sources, and will likely be subject to a number of assumptions. The situation is likely to have changed since they were prepared, so the current value of assets can only be properly determined by a new valuation.
so did Surge / Similar have to have 100% of funds upfront to underwrite and then claim back?0 -
Supercalafragalistic wrote: »Not really very insightful.
No, but makes him sound like a good guy, ex military and all.
Wonder if its a bit of PR wtitten by a friend?
{Edited by Forum Team}. Ex military. Ex police.
Ex police after an incident where he was convicted of dangerous driving that seriously injured 4 people. The ES article might have some more balance
https://www.standard.co.uk/business/business-focus-too-good-to-be-true-how-highrisk-bonds-are-marketed-to-an-unsuspecting-public-a4035436.htmlRemember the saying: if it looks too good to be true it almost certainly is.0
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