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r thritis

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About r thritis

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  1. Of course it is. The offer is subject to survey and if that survey reveals that unforseen expenditure will be required, it is entirely reasonable to change the offer. What is under discussion here is offering on a property which is then taken off the market, proceeding to the point of exchange and then reducing the offer just to make a few quid.
  2. Not sure what your point is here. If someone can't complete due to factors outside their control, the sale falls through. If a buyer changes their mind and pulls out after offering, they shouldn't have put the offer in the first place if they weren't sure, but nothing anyone can do about it. If an offer is made, both buyer and seller should stick to it.
  3. Well - we're agreed. Its legal, but an unscrupulous practice.
  4. Absolutely. Negotiate, make ridiculous offers, but once that deal is struck, behave like a decent adult.
  5. Its not the law. Its a loophole in the law, which can be exploited by weasel low-lifes. A verbal deal is made on trust and the trust is broken just before exchange. This isn't the way to behave in life or in business. You lose credibility by doing this sort of thing.
  6. That is flamin' brilliant. - struggling for the relevence tho ...
  7. I just hate this about human nature though. Someone did a bad thing to me therefore its ok for me to do a bad thing to someone else. Its not ok - it really isn't. It really doesn't fix anything.
  8. I've been a long-standing (if not prolific) bear on here and I've always considered we've held the moral high-ground, and been proved right by correctly predicting the financial doom and subsequent crash. The knowlege and wisdom gained on here helped me to avoid following the masses into financial ruin and buying in a housing bubble. When I finally made an offer on a house, it was a very low offer based on my expectations for a continued weakening in prices. However, when that offer was accepted, I felt that I had made a deal on a handshake, my word was my bond, and I went on to complete at the agreed price. I would not have dreamed of double-crossing the seller at the last minute before exchange, by lowering the offer. Support for gazundering is nothing to do with the bulls vs bear argument - but its everything to do with the sort of person you are. Just because house prices have been forced to ridiculous levels by idiots (buyers, speculators, regulators, lenders and chancellors), does not make acceptable to con people. Championing gazundering substantially weakens the argument.
  9. http://news.bbc.co.uk/2/hi/business/8416610.stm I don't quite understand this. Remembering that time, there was plenty of warning that Kaupthing was going down. In the week before it failed, I took my savings out as no doubt many others did. What is there to investigate?
  10. Chocolate Santa's presented to all staff here today. Recession's over!
  11. Congrats Ozz, hope it works out well for you. I did the same earlier in the year after many years as a contented tenant. Like you I think the market will probaby fall next year, but I decided to jump in when the market is comparatively low as a hedge against inflation / uncertainty or being wrong.
  12. As a cash buyer, you are in a very strong negotiating position, so a seller is highly likely to accept a low offer. Use this to your advantage when making your offer. The estate agent will try to draw you closer to the asking price and will be reading your every move in the negotiation, trying to get a feel for whether you will be prepared to go higher. Decide ahead of time what your max offer will be and when you will make it. Don't be rushed or react too quickly. When/if your offer is accepted, get a solicitor to handle the legal work. Don't use one recommended by the agent, better to get one on recommendation from someone you know. Same advice for the surveyor. There are usually 3 levels of survey, the first being a basic report and valuation, the last being a full structural survey. Base your choice on the age and condition of the property. E.g. if its a modern house on a recent development, you maybe don't need the full works - its up to you. The solicitor will then see it through to completion.
  13. Can I suggest an enhancement? On the forum/index.php page, which shows the list of threads, when you 'mouse over' the thread title, it pops up 'thread started at ' etc. Various other forums show the the first 60 or so characters of the post, when you 'mouse-over'. This is more useful than the date/time. You can often decide whether or not you want to read it on this basis.
  14. For me it wasn't the BTLers that I hated directly, it was just that BTL was a symptom of an economic system that was so obviously broken. It was obvious to anyone who was able to just step back and look at what was happening, that for the banks to take on the risk of handing out unlimited numbers of mortgages to individuals, was evidence of an unsustainable business model. The risk they were taking was apparent to many on here, but for some unfathomablereason was invisible to the bank policy makers, the government (and opposition, with some notable exceptions) and the regulators. Pre-crash, HPC became a mecca for those who saw what was looming on the horizon, together with a minority of BTL bulls who were riding the wave, intent on taunting those who they thought were misguided or had 'missed the boat', as they relentlessly grew their portfolios like there was no tomorrow. Given this backdrop, it is not surprising that the BTLers are not exactly flavour of the month round here.
  15. Did the same earlier in the year. I'm no economist, but surely qe has to be inflationary in the longer term? To hedge against this risk and coupled with the fact that we got the right house at the right price (paid 330 this year when original asking price at start of 2008 was 450), we went for it. Inflation is what is intended as a deliberate policy to screw the savers to rescue the over=borrowers.
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