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

Fact And Fiction

Recommended Posts

Leasehold, one mortgage - no MEW or other charges.

2004 - Rightmove historical price:

April 2004 - £122k.

2007 - Land Reg:

"stated to have been paid July 2007 £188k".

2013 - Rightmove historical price:

September 2013 - £135k (fiction - no sale).

2014 - confirmed mortgage balance: £162k.

This is now a repo - price unknown.

Total Bollox.

edit: dates and figures - double checked.

Edited by okaycuckoo

Share this post


Link to post
Share on other sites

? Why

There was a mortgage. If you stop paying a mortgage that still has an outstanding balance, the property gets repossessed. It doesn't matter if you have 10% equity of 90% equity. The process is the same. In this case the "owner" may actually get some money back once a sale goes through.

Share this post


Link to post
Share on other sites

Sorry, my point was meant to be that published figures are no guide to value.

Assess the quality, figure out what you can afford. Sadly, that has become the fiction.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   222 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

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.