Jump to content
House Price Crash Forum
Sign in to follow this  
Tuberider

Anecdotal - Btl Sucker-punch

Recommended Posts

Colleague of mine just told me he has bought a two bedroom BTL flat from a developer in Bournemouth for 95k with no deposit. The deal was done 'through a mate' - an intermediary - who arranged the mortgage and 'absolutely gaurantees' tenants once the building is completed. He also gets a cashback sum of 4k. I am not familiar with the ins-and-outs of this sort of thing but it sounds extremly dubious. I have tried to explain the risks, but the guy is like a bloody Hari Krishna, bleating on about how property never looses and now is the time to buy before everything shoots up again due to dropping interest rates.

It seems that there are quite a few suckers still dancing round this particular ring, chins thrust out asking for a good left uppercut to the jaw.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.