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Surveyors Being Hit By Writs From Banks

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http://www.housepricecrash.co.uk/forum/index.php?showtopic=164038

Still English centric but how long before the NI banks start to crystallise losses on over valued houses and start to fire up the blamethrowers (TM Shotoflight)

About time. The article names Countrywide. That's not the Co. Antrim Estate Agency. Its a company that specialises in valuations for the banks and would actually carry out most of the valuations in NI.

As I have stated before it is this sort of operation that I blame, along with the credit suppliers for the whole mess. I in no way, exclude the borrowers but few could have become, or should have been allowed to become as indebted to the extent they did and many of those in negative equity will find that

Counterywide blessing was required first.

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http://www.housepricecrash.co.uk/forum/index.php?showtopic=164038

Still English centric but how long before the NI banks start to crystallise losses on over valued houses and start to fire up the blamethrowers (TM Shotoflight)

Any surveyor who "valued up" to get instructions deserves all he/she gets. The paltry amount per survey just annoys me and I am amazed that anybody takes them on. I never did as I just wouldn't play ball during the 80's boom, let alone this last one. The Red Book is quite specific and any surveyor who follows that is OK. You are there to value "rebus sic stantibus" I am sick and tired of uttering that phrase but nobody can sue you for one penny if you follow that guideline.

Tom MRICS

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Any surveyor who "valued up" to get instructions deserves all he/she gets. The paltry amount per survey just annoys me and I am amazed that anybody takes them on. I never did as I just wouldn't play ball during the 80's boom, let alone this last one. The Red Book is quite specific and any surveyor who follows that is OK. You are there to value "rebus sic stantibus" I am sick and tired of uttering that phrase but nobody can sue you for one penny if you follow that guideline.

Tom MRICS

Welcome to the NI Forum. Couldn't agree more with you. Unfortunately few RICS members, during the boom took to the Red Book including "rebus sic stantibus",(never can have enough Latin, in my view)and few follow it now. Things like things thus standing, willing buyer and willing seller, open market trade, availability of creditare largely ignored now for 'fire sale' valuations.

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Welcome to the NI Forum. Couldn't agree more with you. Unfortunately few RICS members, during the boom took to the Red Book including "rebus sic stantibus",(never can have enough Latin, in my view)and few follow it now. Things like things thus standing, willing buyer and willing seller, open market trade, availability of creditare largely ignored now for 'fire sale' valuations.

I see no 'fire sale' prices. But I can smell the smoke. The status Quo is not an option. Nil illegitimum Carborundem.

BVI, let me know when you sell at fire sale prices. Then I'll know the game is up.

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I see no 'fire sale' prices. But I can smell the smoke. The status Quo is not an option. Nil illegitimum Carborundem.

BVI, let me know when you sell at fire sale prices. Then I'll know the game is up.

Had to look that one up. Its one I will try and now use.

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I see no 'fire sale' prices. But I can smell the smoke. The status Quo is not an option. Nil illegitimum Carborundem.

BVI, let me know when you sell at fire sale prices. Then I'll know the game is up.

UBI FUMUS IBI IGNIS

Where there's smoke, there's fire

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  • 311 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%



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