Jump to content
House Price Crash Forum
Sign in to follow this  
Highway to Hell

Strange Statements In Schedules Spotted

Recommended Posts

Hi,

Apols if going over old ground, but have just seen some strange statements in schedules (albeit at opposite ends of the country).

First one:

Price reduced for the over 60's under a home for life plan (lifetime lease) subject to property criteria. Call for your personal quote. Sorry we cannot assist those aged under 60.

Alternatively this property can be purchased without a Home For Life Plan for the full asking price of £135,000...

http://www.rightmove.co.uk/property-for-sale/property-32681319.html

This is the first time I've encountered the "home for life plan", it is explained below, but doesn't exactly seem especially fair, whichever way you look at it.

http://www.homewise.co.uk/how-does-it-work

Second one:

If this property is in Scotland it cannot be bought singularly. You need to buy this property with at least one other property from our bank of 200 properties in order for us to conform with all exemptions regarding home report legislation

http://www.rightmove.co.uk/property-for-sale/property-48743450.html

If the property is in Scotland?....Errr, it is. Probably just a "copy 'n paste" mistake, but so sloppy.

Share this post


Link to post
Share on other sites

Home for life is for the wannabe downsizer brigade. It enables them to move to another house of the same value and bank 25% of the price by giving away 25% equity stake in it. For eample cash price = £135k, you pay £67.5k for the house, £33.75k to the company and spunk £33.75k up the wall without having to lose face moving to a lower value property.

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:   224 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.