cypher007 Posted October 22, 2010 Share Posted October 22, 2010 heres some development properties that have been on the market for ages. now it seems there trying to do some shared ownership bull$hit to get them shiffting: http://www.rightmove.co.uk/property-for-sale/new-homes/property-29052752.html http://www.rightmove.co.uk/property-for-sale/new-homes/property-27738658.html there up with the same agent, but i think they may be different developers, could this be an agent backed scheme? Quote Link to comment Share on other sites More sharing options...
RufflesTheGuineaPig Posted October 23, 2010 Share Posted October 23, 2010 heres some development properties that have been on the market for ages. now it seems there trying to do some shared ownership bull$hit to get them shiffting:http://www.rightmove.co.uk/property-for-sale/new-homes/property-29052752.html http://www.rightmove.co.uk/property-for-sale/new-homes/property-27738658.html there up with the same agent, but i think they may be different developers, could this be an agent backed scheme? It's either the developers of the government funding it.... the banks wont touch them due to problems selling in the event of default. Quote Link to comment Share on other sites More sharing options...
tim123 Posted October 23, 2010 Share Posted October 23, 2010 heres some development properties that have been on the market for ages. now it seems there trying to do some shared ownership bull$hit to get them shiffting: http://www.rightmove.co.uk/property-for-sale/new-homes/property-29052752.html http://www.rightmove.co.uk/property-for-sale/new-homes/property-27738658.html there up with the same agent, but i think they may be different developers, could this be an agent backed scheme? Isn't this just a way of avoiding the need for the buyer to have a 20% deposit. This way the builder takes on the risk of the house price falling AND the buyer defaulting. Seems a fairly reasonable thing to do to me (as long as the 100% price is reasonable) tim tim Quote Link to comment Share on other sites More sharing options...
Pytyr Posted October 23, 2010 Share Posted October 23, 2010 History date event 23 October 2010 * Price changed: from '£152,957' to '£157,208' [Found by n/a] 07 August 2010 * Status changed: from 'Available' to 'New home' [Found by n/a] 05 August 2010 * Brief Description changed: ***********CONTEMPORARY STYLISH FOUR/FIVE BEDROOMED DETACHED FAMILY HOME IN BOSTON************Home Buy Direct price based on a purchase price of £179,950 with a 70/30 split, terms and conditions apply. BOSTON************HELPING HAND SCHEME AVAILABLE WITH AN 85/15 SHARE - SUBJECT TO PLOT, STATUS AND FUNDING CONDITIONS. (contd...) [Found by n/a] * Price changed: from '£125,965' to '£152,957' [Found by n/a] * Status changed: from 'New home' to 'Available' [Found by n/a] 02 August 2010 * Brief Description changed: CONTEMPORARY ***********CONTEMPORARY STYLISH FOUR/FIVE BEDROOMED DETACHED FAMILY HOME IN BOSTON. Home BOSTON************Home Buy Direct price based on a purchase price of £179,950 with a 70/30 split, terms and conditions apply. (contd...) [Found by n/a] 25 March 2010 * Title changed: Rectory Road, The Featherworks, Boston, Lincolnshire [Found by n/a] 19 March 2010 * Initial entry found. [Found by n/a] Was originally 70% of £180k = £126k Now, just for you, special price is 85% of £185k = £158k. Just sign the paper and you'll be living the dream. (BTW - they got the maths wrong, they first calculated that 85% of £185k is £153k) Quote Link to comment Share on other sites More sharing options...
cypher007 Posted October 25, 2010 Author Share Posted October 25, 2010 (edited) History date event 23 October 2010 * Price changed: from '£152,957' to '£157,208' [Found by n/a] 07 August 2010 * Status changed: from 'Available' to 'New home' [Found by n/a] 05 August 2010 * Brief Description changed: ***********CONTEMPORARY STYLISH FOUR/FIVE BEDROOMED DETACHED FAMILY HOME IN BOSTON************Home Buy Direct price based on a purchase price of £179,950 with a 70/30 split, terms and conditions apply. BOSTON************HELPING HAND SCHEME AVAILABLE WITH AN 85/15 SHARE - SUBJECT TO PLOT, STATUS AND FUNDING CONDITIONS. (contd...) [Found by n/a] * Price changed: from '£125,965' to '£152,957' [Found by n/a] * Status changed: from 'New home' to 'Available' [Found by n/a] 02 August 2010 * Brief Description changed: CONTEMPORARY ***********CONTEMPORARY STYLISH FOUR/FIVE BEDROOMED DETACHED FAMILY HOME IN BOSTON. Home BOSTON************Home Buy Direct price based on a purchase price of £179,950 with a 70/30 split, terms and conditions apply. (contd...) [Found by n/a] 25 March 2010 * Title changed: Rectory Road, The Featherworks, Boston, Lincolnshire [Found by n/a] 19 March 2010 * Initial entry found. [Found by n/a] Was originally 70% of £180k = £126k Now, just for you, special price is 85% of £185k = £158k. Just sign the paper and you'll be living the dream. (BTW - they got the maths wrong, they first calculated that 85% of £185k is £153k) this is whats bugging me about detached house prices in my area, they always seem to be going up as the rest of the country is going down. Edited October 25, 2010 by cypher007 Quote Link to comment Share on other sites More sharing options...
erranta Posted October 25, 2010 Share Posted October 25, 2010 this is whats bugging me about detached house prices in my area, they always seem to be going up as the rest of the country is going down. I found out the main reason for propping up houseprices in Norfolk/Suffolk is coz of retiring Londoners selling up and just paying whatever greedy EA's set the price at. Been going on for years during the boom. Quote Link to comment Share on other sites More sharing options...
cypher007 Posted October 25, 2010 Author Share Posted October 25, 2010 I found out the main reason for propping up houseprices in Norfolk/Suffolk is coz of retiring Londoners selling up and just paying whatever greedy EA's set the price at. Been going on for years during the boom. yeah ive heard this before from several people locally. one woman told me she was hoping a cash rich Southerner would buy there 2007 priced 3 bed detached bungalow. Quote Link to comment Share on other sites More sharing options...
cypher007 Posted October 26, 2010 Author Share Posted October 26, 2010 yeah ive heard this before from several people locally. one woman told me she was hoping a cash rich Southerner would buy there 2007 priced 3 bed detached bungalow. anyone else noticed this sort of distorted market? Quote Link to comment Share on other sites More sharing options...
cypher007 Posted October 27, 2010 Author Share Posted October 27, 2010 anyone else noticed this sort of distorted market? so everyone else is seeing asking price falls in there area, not rises? Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted October 27, 2010 Share Posted October 27, 2010 anyone else noticed this sort of distorted market? maybe parts of Cornwall, somerset, Suffolk, Norfolk, Essex, Herts, Kent, Calais, Boulogne, Dordogne...a few I can think of. Quote Link to comment Share on other sites More sharing options...
ccc Posted October 27, 2010 Share Posted October 27, 2010 HPC Thread Not new. I can't remember the last time I saw a new build developement in Edinburgh WITHOUT some form of shared ownership scheme. Quote Link to comment Share on other sites More sharing options...
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