London Capital and Finance

Jelli

Thanks for the link. I've joined.

Sledger

Re bailins link in post 617.

https://www.thisismoney.co.uk/money/news/article-1709036/Hetherington-Timeshare-chat-cost-3000.html

Its historic 8 years ago {Edited by Forum Team}

bail-in

Sledger wrote: »

Re bailins link in post 617.

https://www.thisismoney.co.uk/money/news/article-1709036/Hetherington-Timeshare-chat-cost-3000.html

Its historic 8 years ago but and one person of interest worked for LCF {text removed by MSE Forum Team}. This Cornwall keeps entering into the equation and the disqualified . {text removed by MSE Forum Team}, who is described in the court documents as a 'shadow director' of Bavington.

Note the connection of {text removed by MSE Forum Team} with Solicitors Regulation Tribunal or SRT suspended solicitor {text removed by MSE Forum Team} through the carbon credits scam.

https://forums.moneysavingexpert.com/discussion/comment/73985005#Comment_73985005

This article link below on Celestial Green Ventures carbon credits selling goes some way to explain why the Solicitors Regulation Authority or SRA wanted to remove {text removed by MSE Forum Team} from the solicitors' register. It also shows the promotion role of {text removed by MSE Forum Team} London Capital and Finance {text removed by MSE Forum Team} director of Natural Capital Wealth, promoting Celestial Green Ventures.

https://redd-monitor.org/2016/03/31/irish-tax-office-moves-to-shut-down-celestial-green-ventures/

robatwork

This thread is getting to be one huge meandering Private Eye "In the Back" article.

jimjames

Sledger wrote: »

B.J.T. writes: My wife and I were invited by Resolve Marketing to a meeting with Bavington Consultants Limited to chat about selling our timeshare. At the meeting we were told Bavington was an agent for a Manx company, Telos, that was to build a luxury hotel at the Lakeview resort in Cornwall. If we invested in the development, we would later get £3,500 for our unwanted timeshare.

Not sure if you realised but Lakeview is owned by companies loaned money by LCF as well as Waterside Villages. It really is a tangled web of interconnected people and companies

https://damn-lies-and-statistics.blogspot.com/2019/01/companies-linked-to-london-capital.html

bail-in

WHAT IS A WHOLESALE LOAN? WHAT IS WHOLESALE LENDING?

There does not appear to be much info on wholesale lending in online search engines. The following info from the website https://www.ukpropertyfinance.co.uk, followed by contact info for further details, is helpful to understand a working wholesale lending business which the London Capital and Finance Plc (LCF) appears to be. However, in the case of LCF, rather convoluted, lacking in transparency, not clearly secured, confusing and complicated with directors of lending companies sharing directorships and lending to each other. Oh and a particularly current no no, the fact LCF is currently being investigated, as of 13 December 2018, by the Financial Conduct Authority.

Also see the following earlier post in this daniel80 thread:
https://forums.moneysavingexpert.com/discussion/comment/75295704#Comment_75295704

---

.

https://www.ukpropertyfinance.co.uk/news/wholesale-loans/

Wholesale Loans

The subject of wholesale loans is one of on-going debate, with various lenders having entirely opposite views on its overall value. Nevertheless, when wholesale lending is handled responsibly and proactively, it has the potential to offer a variety of unique benefits for both investors and lenders alike. It’s simply a case of identifying the opportunities where they exist and proceeding at all times with due care and attention.

What Is Wholesale Lending?

In the simplest of terms, wholesale lending refers to a system of taking the money of investors and passing it on to lenders at special wholesale rates. These lenders then provide loans to borrowers at a variety of levels at normal (or slightly lower than normal) rates of interest.

In a working example, one wholesale lender could pass capital from any number of investors on to any number of conventional lenders. These lenders would then make this money available in the form of loans for their own customers, earning money in accordance with their own interest rates and other borrowing costs. Likewise, as the money is paid back to the wholesale lender, it is repaid with interest or commission at a previously agreed rate. This in turn amounts to profit for the wholesale lender, who is then able to pay interest to the investors who provided the capital in the first place.

Why Is Wholesale Lending Deemed Attractive?

There are two important reasons why wholesale lending is deemed so attractive by so many investors. First of all, it represents a good investment choice with the potential to offer returns that are generally higher than would be expected with any other comparably safe investment. Though returns vary significantly from one case to the next, they are generally considered comparatively generous.

But perhaps more important still is the way in which wholesale lending is indeed significantly safer than many other comparable types of investment. The reason being that the money is typically secured against the assets and property of the borrower, meaning that the loans are offered in a largely risk-free manner. Even if the loans are not repaid as agreed, the investors are unlikely to lose out.

As such loans are typically secured on borrowers’ assets, they can be provided to those who would typically be considered too high risk to be offered financial support elsewhere. Which in turn means that the market for these kinds of loans remains uniquely strong and demand robust at all times.

For more information on anything to do with secured loans, wholesale lending or borrowing in general, get in touch with the UKPropertyFinance.co.uk customer service team.

For a list of more financial news articles see https://www.ukpropertyfinance.co.uk/news


UK Property Finance Ltd
2C, Kibworth Harcourt, Kibworth Business Park, 2 Harborough Rd, Leicester, LE8 0EX
Freephone: 0800 169 1589
Telephone: 0116 464 5544
Email: info@ukpropertyfinance.co.uk
Website: https://www.ukpropertyfinance.co.uk

(The company is a broker not a wholesale lender.)

Sledger

well put Bailin and that's the Wholesale business Model is what I thought I had entered into when I discussed it with {text removed by MSE Forum Team} at the LCF offices. I asked him about the loan site as was concerned if the incoming bond was not matched with loans and sitting idle it would not generate interest. He stated they had brokers on the loan side and there was greater demand for loans than bond money coming in. Should have done more research back then before committing but being FCA regulated I thought they would have done the company homework and verified the business model was as described and as all above board

bail-in

Hi Sledger, are you certain that {text removed by MSE Forum Team} and{text removed by MSE Forum Team} are one and the same person?

Regarding "Should have done more research back then before committing but being FCA regulated I thought they would have done the company homework and verified the business model was as described and as all above board." Neither FCA nor HMRC approve the business models re authorisation or ISA manager status respectively. Re authorisation, LCF were selling the mini-bond before being authorised which I imagine they applied for perceived status.

Jelli

Lending to lenders at wholesale rates, who then lend to real borrowers at higher rates. The loan repayments make their way back to us through that 2-lender chain. Is everything all good now?

Apart from the horse racing, Ferraris, directors and Liverpool Football Club.

bail-in

Hi Jelli. No, everything is not good now. Read the second half of the first paragraph in post #627 above.