OLDFTB Posted March 4, 2008 Share Posted March 4, 2008 Just been doing my 24hr Property Bee update and came across this for the first time: ****** BUYER INCENTIVE ****** 50% MORTGAGE PAID FOR SIX MONTHS ****** BUYER INCENTIVE ****** 50% MORTGAGE PAID FOR SIX MONTHS ****** Example: http://www.rightmove.co.uk/viewdetails-199...=1&tr_t=buy Several other properdees they are marketing have the same catchy headline. The EA are Astons in Crawley. I notice it is "subject to terms and conditions " though!! Anyone else seen this type of thing? Getting desperate now? Quote Link to comment Share on other sites More sharing options...
Realistbear Posted March 4, 2008 Share Posted March 4, 2008 (edited) Just been doing my 24hr Property Bee update and came across this for the first time:****** BUYER INCENTIVE ****** 50% MORTGAGE PAID FOR SIX MONTHS ****** BUYER INCENTIVE ****** 50% MORTGAGE PAID FOR SIX MONTHS ****** Example: http://www.rightmove.co.uk/viewdetails-199...=1&tr_t=buy Several other properdees they are marketing have the same catchy headline. The EA are Astons in Crawley. I notice it is "subject to terms and conditions " though!! Anyone else seen this type of thing? Getting desperate now? To the letter the exact same offers that were being made in California after the crash writing was on the wall. Panic has broken out in the market folks! FTBs have gone on strike and the credit markets are just saying NO. We have our crash. 30% down from the peak in early 2007 by the end of the year? Edited March 4, 2008 by Realistbear Quote Link to comment Share on other sites More sharing options...
Guest DissipatedYouthIsValuable Posted March 4, 2008 Share Posted March 4, 2008 To the letter the exact same offers that were being made in California after the crash writing was on the wall.Panic has broken out in the market folks! FTBs have gone on strike and the credit markets are just saying NO. We have our crash. 30% down from the peak in early 2007 by the end of the year? I think we should expect the average house to be worth 45k. Quote Link to comment Share on other sites More sharing options...
OLDFTB Posted March 4, 2008 Author Share Posted March 4, 2008 Well, if we are following our colonial cousins lead then surely it's time to start investing in a factory that makes St Joseph statues? Quote Link to comment Share on other sites More sharing options...
beans on toast Posted March 4, 2008 Share Posted March 4, 2008 wouldn;t need any incentive if it was priced correctly. barstewards. Quote Link to comment Share on other sites More sharing options...
ReggiePerrin Posted March 4, 2008 Share Posted March 4, 2008 (edited) Listening to the radio tonight on the way home, GWR Bristol, there was a Barratts add offering £500 per month towards mortgage payments for 12 months and/or (I'm not sure which as I was working out what 12*£500 equals ) payment of the 5% deposit plus move in for only £99. These are the same games they played in the 90's Edited March 4, 2008 by ReggiePerrin Quote Link to comment Share on other sites More sharing options...
cartimandua51 Posted March 4, 2008 Share Posted March 4, 2008 Has anyone noticed Rightmove's please-take-our-survey? Asks "Which of the following are you most interested in when buying anew property? Cashback, white goods, stamp duty paid - I forget the rest. Quote Link to comment Share on other sites More sharing options...
geoffk Posted March 4, 2008 Share Posted March 4, 2008 they done this with me in 1982 1grand down all legal fees paid plus buyback option after 1 or two years...please forgive me i was only 18 at the time Quote Link to comment Share on other sites More sharing options...
ROC Posted March 4, 2008 Share Posted March 4, 2008 http://www.persimmonhomes.com/xtrapages/310260.html LIVE FREE FOR A YEAR The Cranbourne Plots 153 - 3 bedroom town house with single garage. £195,950 RESERVE ONE OF THESE PLOTS TODAY TO RECEIVE YOUR MORTGAGE, COUNCIL TAX, ELECTRICITY, GAS AND WATER BILLS, AND BUILDINGS AND CONTENTS INSURANCE PAID FOR 12 MONTHS. ...just add the DFS sofas? Quote Link to comment Share on other sites More sharing options...
ReggiePerrin Posted March 4, 2008 Share Posted March 4, 2008 http://www.persimmonhomes.com/xtrapages/310260.htmlLIVE FREE FOR A YEAR The Cranbourne Plots 153 - 3 bedroom town house with single garage. £195,950 RESERVE ONE OF THESE PLOTS TODAY TO RECEIVE YOUR MORTGAGE, COUNCIL TAX, ELECTRICITY, GAS AND WATER BILLS, AND BUILDINGS AND CONTENTS INSURANCE PAID FOR 12 MONTHS. ...just add the DFS sofas? I don't remember them offering anything like this in the last crash?? The bulls were right, things are definitley different this time Quote Link to comment Share on other sites More sharing options...
Ursus Posted March 4, 2008 Share Posted March 4, 2008 Could we have the Mortgage term of 12months then? Quote Link to comment Share on other sites More sharing options...
winkie Posted March 4, 2008 Share Posted March 4, 2008 wouldn;t need any incentive if it was priced correctly. barstewards. Yes, forget the free gifts.... just REDUCE the price...most people are not stupid, even though they may look it. Quote Link to comment Share on other sites More sharing options...
@contradevian Posted March 4, 2008 Share Posted March 4, 2008 Listening to the radio tonight on the way home, GWR Bristol, there was a Barratts add offering £500 per month towards mortgage payments for 12 months and/or (I'm not sure which as I was working out what 12*£500 equals ) payment of the 5% deposit plus move in for only £99. These are the same games they played in the 90's I think you will find that Barratts are hammering day time telly too. Quote Link to comment Share on other sites More sharing options...
jammo Posted March 4, 2008 Share Posted March 4, 2008 Has anyone noticed Rightmove's please-take-our-survey? Asks "Which of the following are you most interested in when buying anew property? Cashback, white goods, stamp duty paid - I forget the rest. Mind bending drugs?? Quote Link to comment Share on other sites More sharing options...
eric pebble Posted March 5, 2008 Share Posted March 5, 2008 Mind bending drugs?? Quote Link to comment Share on other sites More sharing options...
redgenieuk Posted March 5, 2008 Share Posted March 5, 2008 Just been doing my 24hr Property Bee update and came across this for the first time:****** BUYER INCENTIVE ****** 50% MORTGAGE PAID FOR SIX MONTHS ****** BUYER INCENTIVE ****** 50% MORTGAGE PAID FOR SIX MONTHS ****** Example: http://www.rightmove.co.uk/viewdetails-199...=1&tr_t=buy Several other properdees they are marketing have the same catchy headline. The EA are Astons in Crawley. I notice it is "subject to terms and conditions " though!! Anyone else seen this type of thing? Getting desperate now? it shoudl be 50% for life! Quote Link to comment Share on other sites More sharing options...
redgenieuk Posted March 5, 2008 Share Posted March 5, 2008 Mind bending drugs?? You asking? Quote Link to comment Share on other sites More sharing options...
OLDFTB Posted March 5, 2008 Author Share Posted March 5, 2008 it shoudl be 50% for life! Surely if the buyer commits suicide after the first 6 months are up, then it would be? Quote Link to comment Share on other sites More sharing options...
meow Posted March 5, 2008 Share Posted March 5, 2008 http://www.persimmonhomes.com/xtrapages/310260.htmlLIVE FREE FOR A YEAR The Cranbourne Plots 153 - 3 bedroom town house with single garage. £195,950 RESERVE ONE OF THESE PLOTS TODAY TO RECEIVE YOUR MORTGAGE, COUNCIL TAX, ELECTRICITY, GAS AND WATER BILLS, AND BUILDINGS AND CONTENTS INSURANCE PAID FOR 12 MONTHS. ...just add the DFS sofas? Wow! given the cost of living it really shows just how unbelieveably overpriced things really are (+ how desperate the builders are) Quote Link to comment Share on other sites More sharing options...
eric pebble Posted March 5, 2008 Share Posted March 5, 2008 (edited) Wow! given the cost of living it really shows just how unbelieveably overpriced things really are (+ how desperate the builders are) Yet - ........... this isn't just SPELT OUT in the meedja!!?? The KNUB of the WHOLE THING IS --- HOUSE "PRICES" ARE MUCH, MUCH TOO HIGH!!! It's that simple. People just do not want to face up to this!!??? WHY DO WE HAVE SO MANY PROBLEMS OF DEBT, STRESS, POVERTY etc etc. ?? BECAUSE THE COST OF PUTTING A ROOF OVER YOUR HEAD HAS BEEN ARTIFICIALLY AND FRAUDULENTLY MANIPULATED TO THE ABSURD & LUDICROUS LEVELS OF TODAY!!!! ABSOLUTELY DEAD SIMPLE!!!! Edited March 5, 2008 by eric pebble Quote Link to comment Share on other sites More sharing options...
Mr Yogi Posted March 6, 2008 Share Posted March 6, 2008 Could we have the Mortgage term of 12months then? Yes, of course you can. Interest Only, though! Quote Link to comment Share on other sites More sharing options...
Guest KingCharles1st Posted March 6, 2008 Share Posted March 6, 2008 SO.... By this time next year- people on high incomes like Doctors will be able to buy up whole streets of 50K properties if they could be bothered- while the scuzzers will be sctratching to stay solvent. Thank you NuLabia- thank you so frucking much Quote Link to comment Share on other sites More sharing options...
joey Posted March 6, 2008 Share Posted March 6, 2008 http://www.persimmonhomes.com/xtrapages/310260.htmlLIVE FREE FOR A YEAR The Cranbourne Plots 153 - 3 bedroom town house with single garage. £195,950 RESERVE ONE OF THESE PLOTS TODAY TO RECEIVE YOUR MORTGAGE, COUNCIL TAX, ELECTRICITY, GAS AND WATER BILLS, AND BUILDINGS AND CONTENTS INSURANCE PAID FOR 12 MONTHS. ...just add the DFS sofas? LIVE FREE FOR A YEAR and then have the privelidge of being 40K-50K in NEGATIVE EQUITY. Quote Link to comment Share on other sites More sharing options...
Prof Posted March 6, 2008 Share Posted March 6, 2008 (edited) ****** BUYER INCENTIVE ****** 50% MORTGAGE PAID FOR SIX MONTHS ****** BUYER INCENTIVE ****** 50% MORTGAGE PAID FOR SIX MONTHS ****** So, imagine the joy, after the 6 Month "Honeymoon", when your mortgage payments double, and you find that you could now buy your house for around 5% less than you did a few months ago. Edited March 6, 2008 by Prof Quote Link to comment Share on other sites More sharing options...
HovelinHove Posted March 6, 2008 Share Posted March 6, 2008 LIVE FREE FOR A YEAR and then have the privelidge of being 40K-50K in NEGATIVE EQUITY. Exactly. I'd be surprised if the banks will give mortgages on these types of properties anymore, the actual builders valuation of the property is effectively 195k-the 1st years incentives, probably about 15k, so if the banks have any sense they will demand a deposit of >10% + 15k to cover their @rses, of course, that still won't be enough as property is going to go down 40%. Quote Link to comment Share on other sites More sharing options...
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