nigooner Posted May 7, 2020 Share Posted May 7, 2020 4 minutes ago, Belfast Boy said: You can't just cut out the middle of standard roof trusses without weakening the roof structure. That is why steel is needed for reinforcement. I know that, that’s why I mentioned using the existing loft access hatch. would have expected to see stairs in the hall if they’d done a full conversion? Def a half ass*d job regardless of what they’d done, if it had been good they’d have shown photos! Quote Link to comment Share on other sites More sharing options...
Belfast Boy Posted May 7, 2020 Share Posted May 7, 2020 2 minutes ago, nigooner said: Def a half ass*d job regardless of what they’d done, if it had been good they’d have shown photos! Yeah, that's one you'd want to see before putting in a low bid! Quote Link to comment Share on other sites More sharing options...
nigooner Posted May 7, 2020 Share Posted May 7, 2020 2 minutes ago, Belfast Boy said: I don't think auctions use the same rules. You bid and win - it's yours! Maybe I'm wrong? Yes but if they provided all the info, they might get more than 1 person willing to bid and drive up the price. But unfortunately they’ll never know as they just do the bare minimum! Quote Link to comment Share on other sites More sharing options...
getdoon_weebobby Posted May 12, 2020 Share Posted May 12, 2020 Is this a new way for the bank to auction ? https://www.nipropertyauction.com/properties Quote Link to comment Share on other sites More sharing options...
nigooner Posted May 12, 2020 Share Posted May 12, 2020 Seems a new approach. Mostly seems to be small agents I’ve not heard of, with mostly property west of the lough. Strange to see a few lough Erne houses- I know a load of these were included in the sale of the hotel, wonder if the buyer is now looking to offload them Quote Link to comment Share on other sites More sharing options...
Belfast Boy Posted May 13, 2020 Share Posted May 13, 2020 "Auctioneer's Comments This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold." I've never herd of "iamsold" so I had a look at their website. "September 2009 - Ben Ridgway and Jamie Cooke set up the IAM Sold business, with ambitious plans to become a dominant part of the property auction scene." Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted May 13, 2020 Share Posted May 13, 2020 (edited) 12 hours ago, nigooner said: Seems a new approach. Mostly seems to be small agents I’ve not heard of, with mostly property west of the lough. Strange to see a few lough Erne houses- I know a load of these were included in the sale of the hotel, wonder if the buyer is now looking to offload them The lough Erne housed we're marketed "traditionally" around the time all AirBNB properties were put up for rent. They probably need the cash. They certainly won't be getting a holiday season this year and the wedding trade is finished for the foreseeable. One thing I'm particularly happy about is the fact the Airbnb rentals here can't access the 10k grant. I expect significant downward pressure on rents in the city and tourist areas. Hopefully we'll see some regulation after the dust settles. Edited May 13, 2020 by 2buyornot2buy Quote Link to comment Share on other sites More sharing options...
RoShad Posted May 14, 2020 Share Posted May 14, 2020 On 5/13/2020 at 10:21 AM, 2buyornot2buy said: The lough Erne housed we're marketed "traditionally" around the time all AirBNB properties were put up for rent. They probably need the cash. They certainly won't be getting a holiday season this year and the wedding trade is finished for the foreseeable. One thing I'm particularly happy about is the fact the Airbnb rentals here can't access the 10k grant. I expect significant downward pressure on rents in the city and tourist areas. Hopefully we'll see some regulation after the dust settles. Is this true? That they can't access the 10k grant? Good news! I'm in ND.....have been waiting for a crash for years (reading here too but never signed up). Getting on a bit.....decent deposit, working full time through CV. Would love to see HPC......in fact I Need to see it! Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted May 14, 2020 Share Posted May 14, 2020 31 minutes ago, RoShad said: Is this true? That they can't access the 10k grant? Good news! I'm in ND.....have been waiting for a crash for years (reading here too but never signed up). Getting on a bit.....decent deposit, working full time through CV. Would love to see HPC......in fact I Need to see it! The 10k only covers properties on the non- domestic valuation list in NI. Apart from few large BnB style operators the majority will be on the domestic list. All those apartment and houses newly listed for rent with their folded towels are on the domestic list so no 10k I'm afraid. Thus the rush to get them rented traditionally. Mortgages to pay and no locals to displace. Haha. Quote Link to comment Share on other sites More sharing options...
RoShad Posted May 14, 2020 Share Posted May 14, 2020 9 minutes ago, 2buyornot2buy said: The 10k only covers properties on the non- domestic valuation list in NI. Apart from few large BnB style operators the majority will be on the domestic list. All those apartment and houses newly listed for rent with their folded towels are on the domestic list so no 10k I'm afraid. Thus the rush to get them rented traditionally. Mortgages to pay and no locals to displace. Haha. Woohoo! Thanks for replying. A little bit of light in this whole s*itstorm ? Quote Link to comment Share on other sites More sharing options...
RoShad Posted May 14, 2020 Share Posted May 14, 2020 And as if by magic..... https://www.propertypal.com/glenside-5-main-street-crawfordsburn-bangor/630203 Quote Link to comment Share on other sites More sharing options...
nigooner Posted May 14, 2020 Share Posted May 14, 2020 18 minutes ago, RoShad said: Woohoo! Thanks for replying. A little bit of light in this whole s*itstorm ? AirBNB’s can probably self certify for a £50k bounce back loan though. Not free money as it needs repaid, but will still keep them afloat another while yet. Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted May 14, 2020 Share Posted May 14, 2020 2 minutes ago, nigooner said: AirBNB’s can probably self certify for a £50k bounce back loan though. Not free money as it needs repaid, but will still keep them afloat another while yet. Good luck with that. It's 25% of turnover. Quote Link to comment Share on other sites More sharing options...
nigooner Posted May 14, 2020 Share Posted May 14, 2020 32 minutes ago, 2buyornot2buy said: Good luck with that. It's 25% of turnover. It’s self certifying... Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted May 14, 2020 Share Posted May 14, 2020 (edited) 23 minutes ago, nigooner said: It’s self certifying... It's fraud... You have to declare the previous 12 months turnover. Edited May 14, 2020 by 2buyornot2buy Quote Link to comment Share on other sites More sharing options...
Switch625 Posted May 14, 2020 Share Posted May 14, 2020 11 minutes ago, 2buyornot2buy said: It's fraud... You have to declare the previous 12 months turnover. Which could get tricky if they just happen to have 'accidentally' under declared previously Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted May 14, 2020 Share Posted May 14, 2020 1 hour ago, RoShad said: Woohoo! Thanks for replying. A little bit of light in this whole s*itstorm ? I'm finding it hard to feel sorry for them. There are literally 1000s of the leeches. I expect a few of the savvy ones will go with Nigooners idea and commit a little loan fraud to keep going but I expect many will sell up when they realise the it's me pension isn't working out and the banks still needs paid. Stick with the deposit saving, you'll be in a fantastic position to pick up a home. I've already own, I'd love to see 50% wiped off the value in my area. Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted May 14, 2020 Share Posted May 14, 2020 1 minute ago, Switch625 said: Which could get tricky if they just happen to have 'accidentally' under declared previously Exactly. We've gone from 8k a year to 200k to get a 50k loan. Quote Link to comment Share on other sites More sharing options...
Uchimata Posted May 15, 2020 Share Posted May 15, 2020 On 14/05/2020 at 08:19, 2buyornot2buy said: I'm finding it hard to feel sorry for them. There are literally 1000s of the leeches. I expect a few of the savvy ones will go with Nigooners idea and commit a little loan fraud to keep going but I expect many will sell up when they realise the it's me pension isn't working out and the banks still needs paid. I don't mean this to sound trenchant but what kind of investment vehicle would make someone less of a leech? Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted May 15, 2020 Share Posted May 15, 2020 25 minutes ago, Uchimata said: I don't mean this to sound trenchant but what kind of investment vehicle would make someone less of a leech? Investment vehicle? I see them as potential homes. If you want an investment vehicle I'd probably look at a stocks and share ISA or a SIPP. Quote Link to comment Share on other sites More sharing options...
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