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Property Ladder 8pm Tonight...

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Revisited: Manchester

This week Sarah Beeny catches up with Sian Astley in Manchester. Sian was never short of confidence and her first development was the site of many a battle as Sarah tried to persuade her to tone down some of her more exuberant decorating ideas. But she did learn from her mistakes and went on to buy another property, and another, and another. Seemingly unstoppable in her new career, three years later Sian is now on to her seventh development. Sarah returns to see how she's been faring. Airs Tuesday, C4, 8pm.

Can anyone remember and give background on the first development?

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Sorry, Champs League tonight, so the titties will just have to go on the back burner... :D

Did anyone see Ms Beeny on Soccer AM last weekend? You'll never guess what she told all the viewers out there.

Shall I repeat what she said then?

Oh OK, you've twisted my arm; she said that there's no money in the property game anymore!

Now you know how many 'Spend It Like Beckham' types watch this show, don't you?

The resident hooligans and celebs certainly went a bit quiet after she let that little one slip out, I can tell you!

:lol::lol::lol:

What?!? She let the beenies slip out? :wub::wub:

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I just got SKY+ installed today.

What better way to try recording one programme whilse watching another?

Can slow mo them titty shots :o - Thats after I watch Liverpool march on to the next round of the CL.

MMmmmmmm ..... Beenie!!! :rolleyes:

TB

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What a complete idiot she is!

Ripping out period fireplaces to replace with MDF boxes? :o

Horrible, nasty tiles :blink:

The usual binge on an expensive kitchen (which was crappy veneered plastic rubbish)

Tearing down walls, losing rooms, ignoring structural problems (roof)...

arrrghh :angry:

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What a complete idiot she is!

Ripping out period fireplaces to replace with MDF boxes? :o

Horrible, nasty tiles :blink:

The usual binge on an expensive kitchen (which was crappy veneered plastic rubbish)

Tearing down walls, losing rooms, ignoring structural problems (roof)...

arrrghh :angry:

But she still made a packet!! :angry:

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Well, shes been lucky and made a packet. If I were her, I'd quit whilst ahead instead of tying herself into some seriously geared new investments. Those properties at the end seemed vastly overvalued - theres no way Manchester has an economy / wealth able to support such high prices long term. It won't be pretty up there.

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Makes me want to spit.

dont worry these nu lab prop devs will keep swallowing the lie that they know better than the real beenies (how many times did she go against the beeny advice, yet at the end of the day it was the risins market of the time that saved them). As someone said they wouldnt have made jack if it was a falling stagnent market at the time amd as thim prog shows ot lookd like they have traded and mewed up to their eyeballs. The intelligent ones will however know when to get out, the others... well they will still be left with a 500,000 squid hanging round theirs necks. God bless them and laminate flooring and MDF. :huh::huh::huh::blink:

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I've been a lot more moderate these days. This episode turned back towards the path of beardom. Blimey, how much gearing? Her bank manager needs a huge kick up the ar*e!

:huh:

these days are ended - the program didnt quite get that across - frightening how but it didnt

revisited or recalled or "what it used to be like "

Id suggest a title change " Property Ladder - how it used to be "

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How much debt is she actually in? Sarah mentioned the 'D' wprd a couple of times, but not the actual amount. If it all went wrong, how much would Syan (Surely it should be pronounced Sharn?) owe?

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How much debt is she actually in? Sarah mentioned the 'D' wprd a couple of times, but not the actual amount. If it all went wrong, how much would Syan (Surely it should be pronounced Sharn?) owe?

As a guesstimate, I reckon it could have been approaching £750k-1m.

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Yeah, she did do well, and did make a packet. But with massive gearing. There was not enough income to repay any of the capital borrowed (especially as it was remortgaged), so its likely she is using an interest only mortgage.

So what happens if interest rates go up as now predicited? At what point would she have negative cash flow? And how long could she survive with this monthly loss? Far too risky for most...

I didn't catch all the figures, apart from the last property. That attracted £53k rent on a £950k property (the final valuation) so 5.58% yield. Take out maintenance (which would be huge as there are many flats), add the possibility of no tenants I'm sure I could easily make a better return on that capital. If it were possible to sell at £950k, I would definately sell.

What would you do with the last property Apollo? Or anyone else who watched the program?

Edited by Jason

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Sorry, Champs League tonight, so the titties will just have to go on the back burner... :D

I'm sorry, but the testosterone on HPC.co.uk is getting rather unpleasant, don't you think? I know it's not meant badly, but it isn't respectful is it? Yes, Beeny is rather lovely, (and, finally, coming to her senses) but there are a lot of women on this site and calling women titties is not going to make them feel too welcome or comfortable. How would you feel if women members started referring to men as ****?

However, back to the programme. Although Beeny is coming to her senses, this programme should never have been aired now - it was obviously recorded months ago and it is so irresponsible to show it now, as if nothing has changed.

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How much debt is she actually in? Sarah mentioned the 'D' wprd a couple of times, but not the actual amount. If it all went wrong, how much would Syan (Surely it should be pronounced Sharn?) owe?

My guess is 20 years down Kings X selling her kebab with extra mayo. :ph34r::ph34r::ph34r::ph34r:

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Revisited: Manchester

This week Sarah Beeny catches up with Sian Astley in Manchester. Sian was never short of confidence and her first development was the site of many a battle as Sarah tried to persuade her to tone down some of her more exuberant decorating ideas. But she did learn from her mistakes and went on to buy another property, and another, and another. Seemingly unstoppable in her new career, three years later Sian is now on to her seventh development. Sarah returns to see how she's been faring. Airs Tuesday, C4, 8pm.

Can anyone remember and give background on the first development?

She's from my neck of the woods.....I know her. Well, know of her, I know some horrible details about a certain porn star and somebody's fella ran off with said porn star.....but I'd hate to go into details!

The first property she did was a f!cking disaster and she ended up keeping it as the return was virtually non existent.

She has borrowed and borrowed and borrowed. There is no job so these properties must provide her an income (which they dont) the income comes from the MEW.

Notice how the talk shifted from "I'm going to be a squillionare" to "well, if it all goes wrong tomorrow, I started with nothing and I'll end up with nothing"......Never a truer word said.

The phrases 'house of cards' and 'built on sand' did spring to mid.

Slowly slowy catchy monkey is the only way.

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How much debt is she actually in? Sarah mentioned the 'D' wprd a couple of times, but not the actual amount. If it all went wrong, how much would Syan (Surely it should be pronounced Sharn?) owe?

There was at least a million, I would say, in BTL mortgages. Some people might say that's fair enough but there was also the money spent doing up the properties - where did that come from?

I don't have a problem with people making money in a rising market but I nearly cried when she ripped out the period features and whenever there was a reference to a 'nice contemporary feel' or a 'more attractive modern look'. If people want to introduce modern styles to their houses, fine, buy a modern house. I can't stand it when people deliberately buy a victorian house and then say 'oh, its all so dated' well, it would be wouldn't it! When looking at flats there were two in the same road, identical except one was fussy and dated and the other had been modernised (all original coving taken out, walls painted white, original fireplace taken out and replaced with MDF), I chose dated as you can imagine. Rant over.

Incidentally the fact that Syan made a larger than expected profit despite ignoring the advice of an expert will probably give her too much confidence at just the moment that the market is about to turn. Why is there never any exploration of market cycles in programmes like this - oh yeah forget, vested interests.

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Yeah, she did do well, and did make a packet. But with massive gearing. There was not enough income to repay any of the capital borrowed (especially as it was remortgaged), so its likely she is using an interest only mortgage.

So what happens if interest rates go up as now predicited? At what point would she have negative cash flow? And how long could she survive with this monthly loss? Far too risky for most...

I didn't catch all the figures, apart from the last property. That attracted £53k rent on a £950k property (the final valuation) so 5.58% yield. Take out maintenance (which would be huge as there are many flats), add the possibility of no tenants I'm sure I could easily make a better return on that capital. If it were possible to sell at £950k, I would definately sell.

What would you do with the last property Apollo? Or anyone else who watched the program?

I doubt the Beeny nor her beenies have ever been disrespected on this site. What is it with you feminists. A man looks and favouabley comments on a females breasts and its all RAPE RAPE RAPE. Sorry but its just attraction... and your insecurity. Men like breasts, just not anyones... and obviously you feel that they should also love YOURS.

Tragic.

Dont blame men >>> blame your female produced propaganda. :rolleyes::rolleyes::rolleyes::rolleyes:

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I doubt the Beeny nor her beenies have ever been disrespected on this site. What is it with you feminists. A man looks and favouabley comments on a females breasts and its all RAPE RAPE RAPE. Sorry but its just attraction... and your insecurity. Men like breasts, just not anyones... and obviously you feel that they should also love YOURS.

Tragic.

Dont blame men >>> blame your female produced propaganda. :rolleyes::rolleyes::rolleyes::rolleyes:

Shaker, is that your reply to my post? Tits.

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I doubt the Beeny nor her beenies have ever been disrespected on this site. What is it with you feminists. A man looks and favouabley comments on a females breasts and its all RAPE RAPE RAPE.

Now, now, don't get hysterical. Did I mention the word rape? Anyway, Daleks have no genitals.

But, back to Beeny. This woman (yes, her name should be pronounced sharn; syan is a complete affectation, like her developing style) is heading for bankruptcy very soon.

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First time Ive seen this program, yea I reckon your right, that Beenie would get it, wouldnt have mind seeing her explore Syan's portfolio in a lot more detail gggggrrrrrr

I think if someone wants to take the risk and put some work into anything, then fair play and it ceratinly doesnt make me sick etc. and I think the girl did seem half clued up. But as pointed out though in a rising market how do you sort the wheat from the chaff and evaluate what you have done well, what correct decisions you have made to increase the value? It could easily lead to misplaced confidence in past decisions etc. increasing risk

Theres was no financial analysis either, GROSS pofit of x they kept mentioning, if you take CGT into account the return for the risk (i.e 750-1000k in mortgage debt shes prob taken on) its not going to look too attractive, not that the women realised any of her paper profit. There was no breakdown on long term planning and return on investment apparently she increased the rent by 20k on her 11 bedroom jobby from 38 to 58k for an outlay of 60k, what with continuing maintenance and I assume interest on the 60 borrowed its gonna take her 3 years+ just to get that money back.

If you are going to increase entrepreneurialship and people trying to make money all well an good, if you give them realistic adivce and tools. But showing how some pretty blonde can knock down a few walls and stick in a toilet has amassed her 1.5 million(not even highlighting her liabilities!) must encourage as over the last few years people to invest in something more than they perhaps should do

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Do you remember that Syan's advice to the new developers is not giving up your job. What does that mean? Does it mean full-time developer job is too risky? (with huge debts and no other choice but keep going?)

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Yep, it was another cracker. What a feisty lady our Sian was (get a grip on the pronunciation Sarah poos). Seven props, absolutely geared up to the hilt, just think of the numbers. Probably IO as well - amazingly scary ! She was as cocky as they come, and you just wonder if based on her experience of the last 3 years, she will be able to take an objective view of what's inevitably coming. Although to be fair to the lass I think she's on a winner with the large house converted into 11 flats. But they are gonna need managing, should she experience a sustained run of voids, could be very interesting. And eh, didn't you just love her line about the roof on the first house (needs replacing). Sarah poos points this out and she says " Oh well, just need to sell it before the winter comes round " Arf arf - you couldn't make it up.

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  • 301 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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