Executive Sadman Posted March 3, 2012 Share Posted March 3, 2012 Only been two further resales. Apt 701, sold Aug 2011 for £159k (previously sold Jun 2008 for £237k) Apt 503, sold Jun 2011 for £95k (previously sold May 2008 for £150k) I wonder how many others are repoed but empty simply because the bank knows they are near worthless and doesnt want to have to mark them to market and declare a massive loss. Instead they can service 0.something interest for eternity thanks to ZIRP. Its a scandal if that is happening, but it wouldn't surprise me. Quote Link to comment Share on other sites More sharing options...
bewildered_renter Posted March 3, 2012 Share Posted March 3, 2012 I wonder how many others are repoed but empty simply because the bank knows they are near worthless and doesnt want to have to mark them to market and declare a massive loss. Instead they can service 0.something interest for eternity thanks to ZIRP. Its a scandal if that is happening, but it wouldn't surprise me. I think that's exactly what's happening. The building I'm in had 30 flats that never sold. They got transferred along with the freehold to a resident collective last summer. There have been 10s of reposessions, but only a handful marketed, still less actually sold. Quote Link to comment Share on other sites More sharing options...
Ah-so Posted March 3, 2012 Share Posted March 3, 2012 I wonder how many others are repoed but empty simply because the bank knows they are near worthless and doesnt want to have to mark them to market and declare a massive loss. Instead they can service 0.something interest for eternity thanks to ZIRP. Its a scandal if that is happening, but it wouldn't surprise me. Perhaps some have been repo'ed, but the banks cannot service the debt at 0% - it costs banks a lot more than that to borrow. Probably a lot of these properties would fall under the Santander umbrella and Santander really has to pay quite a lot to borrow - hence its best on market ISA offers. Quote Link to comment Share on other sites More sharing options...
iamdamosuzuki Posted March 3, 2012 Share Posted March 3, 2012 I can only find this for sale in the Rotunda? http://www.rightmove.co.uk/property-for-sale/property-34228409.html Are these still for sale new or what. Don't get it. Similar nonsense development in Glasgow - I'll continue to update on the price as time goes on. http://www.rightmove.co.uk/property-for-sale/property-18126086.html?premiumA=true Quote Link to comment Share on other sites More sharing options...
The 4 Horsemen Posted March 3, 2012 Share Posted March 3, 2012 Riot ringside seat! Quote Link to comment Share on other sites More sharing options...
tahoma Posted March 4, 2012 Share Posted March 4, 2012 But I thought the Rotunda was the new Rock n' Roll? You have to be a hardcore HPCer to remember that gem. Quote Link to comment Share on other sites More sharing options...
Mrs Bear Posted March 4, 2012 Share Posted March 4, 2012 Nobody's renting them because nobody wants them. They were never worth the stupid prices they were "snapped up" for. Bad business deals = lost money. Get the ****** over it. </beingallhighandmighty> God, how I hate that expression. Worst VI cliche of the lot. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted March 4, 2012 Share Posted March 4, 2012 God, how I hate that expression. Worst VI cliche of the lot. snapped up....like a mousetrap. Quote Link to comment Share on other sites More sharing options...
juvenal Posted March 4, 2012 Share Posted March 4, 2012 But I thought the Rotunda was the new Rock n' Roll? You have to be a hardcore HPCer to remember that gem. Remember it well. It was coined by Sangeeta and Tav, a canny Asian couple who snapped up two Rotunda apartments as an investment. http://www.bbc.co.uk/birmingham/content/articles/2005/10/15/rotunda_skyline_for_sale_feature.shtml Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted March 4, 2012 Share Posted March 4, 2012 (edited) Ro·tund adjective /rōˈtənd/ /ˈrōˌtənd/ 3. (of speech or literary style) Indulging in grandiloquent expression ......gran·dil·o·quent adjective /granˈdiləkwənt/ Pompous or extravagant in language, style, or manner, esp. in a way that is intended to impress - a grandiloquent celebration of Spanish glory Web definitions lofty in style; "he engages in so much tall talk, one never really realizes what he is saying" puffed up with vanity; "a grandiloquent and boastful manner"; "overblown oratory"; "a pompous speech"; "pseudo-scientific gobbledygook and pontifical hooey"- Newsweek Edited March 4, 2012 by Saving For a Space Ship Quote Link to comment Share on other sites More sharing options...
Guest tbatst2000 Posted March 4, 2012 Share Posted March 4, 2012 God, how I hate that expression. Worst VI cliche of the lot. Ha! Almost as bad as the full length version(s): snapped up by savvy investors snapped up by canny buyers Quote Link to comment Share on other sites More sharing options...
Eddie_George Posted January 13, 2016 Share Posted January 13, 2016 Just redirected here from a new thread on pwoperdee investments. So I had a look on the wonderful houseprices.io site for sale histories. Surprisingly, only just over 10% of the 210 flats have changed according to the Land Registry figures. However, I guess any repos might not show up there.... Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted January 24, 2016 Share Posted January 24, 2016 (edited) Just redirected here from a new thread on pwoperdee investments. So I had a look on the wonderful houseprices.io site for sale histories. Surprisingly, only just over 10% of the 210 flats have changed according to the Land Registry figures. However, I guess any repos might not show up there.... Thanks for justifying me putting that link in ! I'm no expert on interpreting the figures, but it looks like few that did sell got some big losses . Perhaps that stopped others from selling Edited January 24, 2016 by Saving For a Space Ship Quote Link to comment Share on other sites More sharing options...
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