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| Quote sandy="sandy"the same as would happen if you default on your mortgage the assets would be seized and sold unless someone bailed you out and paid it for you.'"
OOOO now there you go - what are you saying Sandy??? |
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| Quote sandy="sandy"the same as would happen if you default on your mortgage the assets would be seized and sold unless someone bailed you out and paid it for you.'"
The council are bearing the risk and underwriting the loan. Rovers, of course are only repaying £1.9m of the £6m. The rest of the bill is being footed by ERDF and an enterprise and training body who will occupy the offices and pay the majority of the repayments. The council, and public money, by any other name.  |
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| Quote sandy="sandy"the same as would happen if you default on your mortgage the assets would be seized and sold unless someone bailed you out and paid it for you.'"
No. If a mortgage has a Guarantor on it and the borrower defaults, the Guarantor is legally obliged to make the repayements. It they fail to do this it's [itheir[/i assets that are at risk.
That's the whole point of having a Guarantor on a loan. It is extra security for the lender for advances that have a large degree of risk.
So I ask you again - if Rovers default or go bust, who makes the repayments? |
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| Quote WormInHand="WormInHand"No. If a mortgage has a Guarantor on it and the borrower defaults, the Guarantor is legally obliged to make the repayements. It they fail to do this it's [itheir[/i assets that are at risk.
That's the whole point of having a Guarantor on a loan. It is extra security for the lender for advances that have a large degree of risk.
So I ask you again - if Rovers default or go bust, who makes the repayments?'"
Pretty Obvious HCC will be left footing the bill...
Basically you me and every person who lives in Hull will end up paying for Caravan park |
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| Quote jacko1="jacko1"Pretty Obvious HCC will be left footing the bill...
Basically you me and every person who lives in Hull will end up paying for Caravan park'"
Don't tell Sandy - he won't believe you.
Funny, isn't it? Why do Rovers have to undertake these convoluted deals for credit? The council Guarantor shenanigans, and the Allam loan 'cos he's nice and want's nowt back (not bluddy much ).
Wonder why they can't just go to the bank like every other credit-worthy and solvent business?  |
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| Quote jacko1="jacko1"It can't be because they they aren't a credit-worthy and solvent business surely were told by our red and white friends that they are
 '"
Of course not!  |
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| Quote WormInHand="WormInHand"Of course not!
'"
And if they believe that they need  |
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We have some very knowledgeable people on the Hull forum, this post is interesting and all Hull fans should keep a close eye on what is going on in the city. If it takes a lot of pestering of our local Councillors to find the truth, then lets do it.
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| Quote kathy kirk="kathy kirk"Its relavant if people cant be bothered to vote - but sorry if that is to hard for you to grasp.'"
That is true , but a low overall turnout may help the 'No Sale ' section if they can get mobilised. |
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Haven't seen it mentioned yet, but IF the council do sell the KC then it will be a capital receipt and as such can only be used for capital items, it cannot be used to fund council services as they are revenue
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| Quote The Coach="The Coach"Haven't seen it mentioned yet, but IF the council do sell the KC then it will be a capital receipt and as such can only be used for capital items, it cannot be used to fund council services as they are revenue'"
was discussed many weeks ago when Allem first raised the idea. |
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to all those people who said they wanted Kath and co out...... you may just get your wish
but you know that saying.. grass and greener on the other side thingy
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| Quote ICECREAMMAN="ICECREAMMAN"to all those people who said they wanted Kath and co out...... you may just get your wish
but you know that saying.. grass and greener on the other side thingy'"
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