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buytoilet

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Everything posted by buytoilet

  1. Its a bit of a wild guess but you have one nice residential st lukes road, a slighttly older 4 bed property and then 9 classic btl fodder propertys. Remortgagr the first 2 to release the equity for deposit on the next 9. As an aside I also run a mortgage brokers so I kind meet this type of deal.
  2. Buy to let landlord goes belly up looks like he lost his house, the house he inherited and 9 shity btl flats http://www.rightmove.co.uk/property-for-sale/find/Harman-Healy/Croydon.html?locationIdentifier=BRANCH^36255&includeSSTC=true&_includeSSTC=on I found it through this search http://www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=REGION^194&maxDaysSinceAdded=1&minBedrooms=3&displayPropertyType=houses&oldDisplayPropertyType=houses
  3. That flat is wrong on so many levels, not sure where to start.
  4. Hi guys looks like the thread is still alive, lets hope we get some meaty drops now the main selling season is coming to an end.
  5. so this means it is actualy worse than what is being said in the MSM
  6. Repossessions went up 15% in the first quarter of this year. Compared with the final quarter of last year, when 7,900 properties were possessed, 9,100 properties were possessed in the first three months of 2011. However, the figure was 10% lower than the same period a year ago, and equal to the average quarterly number of repossessions throughout 2010. The total number of mortgages in arrears also fell – but only very slightly. At the end of March, the number of mortgages with arrears equivalent to 2.5% or more of the outstanding balance showed an improvement to 166,900 (1.47% of all loans), compared with 170,000 (1.5% of all loans) at the end of December 2010. The Council of Mortgage Lenders is currently forecasting 40,000 repossessions and 180,000 arrears cases of 2.5% or more by the end of this year. However, the CML has acknowledged concerns expressed this week by the Financial Services Authority which says that lenders are hiding the true figures by their “excessive” forbearance of borrowers in arrears. CML director general Michael Coogan admitted: “Too much forbearance may be as bad as too little.” This week, the FSA accused lenders of hiding the true state of their mortgage books by using techniques such as extending the term of the mortgage, transferring it to interest-only, or ‘flexing’ the terms of the deal. The FSA said that lenders were particularly likely to use excessive forebearance “in an environment of falling or stagnating housing collateral prices”. A further warning also came from Michael Ossei, personal finance expert at uSwitch.com, who said: “This drop in arrears is not likely to last much longer as we are facing a perfect storm.” He said that when stagnant salaries and rising costs, including energy, hit home, many households would be in “dire straits”. http://www.introducertoday.co.uk/News/Story/?title=Repos%20up%2015%25%20%E2%80%93%20but%20is%20forbearance%20hiding%20the%20real%20picture%3F&storyid=4265&type=news_features
  7. link http://www.forexfactory.com/calendar.ph
  8. It means everyone is looking but few are buying for the various reasons as discussed on this form ad infinitum
  9. I would find out how long is left on the lease, as it may not be mortgageable
  10. Former Dunlop Haywards head of valuations Ian McGarry, a chartered surveyor, and Birmingham property developer Saghir Afzal have pleaded guilty to their part in a £50m commercial mortgage fraud. The court heard it was likely “one of the largest mortgage frauds ever perpetrated in the UK”. McGarry and Afzal admitted charges of conspiracy to obtain a money transfer by deception and dishonestly obtaining a money transfer. The pleas were entered in previous hearings but can only be published now after reporting restrictions have been lifted, with the trial under way of six other people. McGarry has been released on bail but Afzal was remanded in custody. Six solicitors have also been charged in relation to the alleged fraud and pleaded not guilty when they appeared at Southwark Crown Court. They are: Hardeep Sodhi, 34, Laurence Fennigan, 49, Fatema Patwa, 48, Simon Lawrence, 39, Mark Knight, 46, and Kamran Malik, 31, who acted for various companies. The court heard that two brothers, Saghir and Nisar Afzal, borrowed £49.3m against property that was worth less than £6m, in what was “most likely one of the largest mortgage frauds ever perpetrated in the UK”. The prosecution told the court that Afzal and his brother Nisar had orchestrated a series of property transactions with the “sole aim of inflating the value of the properties and deceiving the banks as to the value”. They had recruited a “dishonest valuer”, named in court as Ian McGarry, to provide “grossly inflated” valuation reports that included false leases. The fraud concerned six properties bought between November 2004 and January 2006 for a total of £5.68m. Between February 2005 and March 2006, banks and building societies were persuaded to lend a total of £49.28m on their supposed security. Andrew Baillie, prosecuting, said the solicitors had sold the properties to each other, ramping up the prices before applying for the mortgages. Mr Baillie said: “This is not an 80% mortgage or a 90% mortgage but, taking all of these loans together, it was the equivalent of an 866% mortgage.” He said that by the time the lenders realised that the properties were worth a fraction of what they had been told, it was too late: “The money had been distributed, a very substantial part of it sent abroad and the banks were left to whistle for their money.” The Serious Fraud Office began investigating the case in March 2006 after a complaint from the Cheshire Building Society. Dunlop Haywards, a subsidiary of Erinacious Group, went into liquidation in May 2008. In 2009, the high court ruled that Dunlop Haywards owed £21m in relation to a Cheshire Building Society mortgage fraud. Cheshire had also claimed against legal firm Cobbetts, which paid the building society £5.6m in an out of court settlement. The case is expected to last 12 weeks. At the end of it, McGarry and Afzal will be sentenced. http://www.introducertoday.co.uk/News/Story/?title=Six%20solicitors%20on%20trial%20after%20UK%27s%20%27largest%20ever%20mortgage%20scam%27&storyid=3891&type=news_features
  11. No he is a man, and so is his partner
  12. I think 175 is looking a bit rich now, looks like he will chase the market all the way down.
  13. right click your photo of choice select copy image location( I Use Firefox) Click reply to thread, in the tool bar 2 from the right of the smiley face, in between the safety clip and the envelope is a picture, click on this. Paste in your url click preview post job done
  14. Only downside is that Forex tend to be wrong, they did revise the Nationwide figure down to 0 last month from +0.3% and it came out positive. Any way here hoping it will be down and Forex are right for once.
  15. Well lets hope we can kick off the year with a nice little drop http://www.forexfactory.com/calendar.php
  16. The good bit is after, as you get to go half's on a taxi with someone you never me before, then shag like a rabbit all night before putting your socks on and wondering how the hell you are going to get home and not wake the bird who is snoring her head off. Happy new year
  17. I've been here that long -0.1% is a fantastic result
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