chichi Posted March 11, 2008 Share Posted March 11, 2008 Sidney Road, Blackley View more property details INVESTORS ONLY £94,995 WE ARE PLEASED TO OFFER FOR SALE THIS SEMI-DETACHED PROPERTY.GCH. HALL. LOUNGE. KIT. 3 BEDS. BATHROOM. GOOD SIZE GARDENS TO FRONT AND REAR. DRIVE IN TO FRONT FOR TWO CARS.PRIVATE TENANT IN PROPERTY PAYING £325 P.C.M. INVESTORS ONLY. Thought this was completely insane!! INVESTORS ONLY £94,950 SEMI DETACHED PROPERTY.GCH. UPVC DG. HALL. LOUNGE. FIT DINER KIT. LANDING. 3 BEDS. BATHROOM. GARDENS TO FRONT AND REAR. DRIVE-IN.PLEASE NOTE THE PROPERTY IS CURRENTLY RENTED AT £450 PCM. ELETRIC AND GAS CERTIFICATE. COUNCIL LICENSED. INVESTORS ONLY £74,950 1ST FLOOR MAISONETTE PROPERTY. GCH. HALL. LOUNGE. FITTED KITCHEN. 3 BEDS. SHOWER ROOM. PLEASE NOT THE PROPERTY IS CURRENTLY RENTED TO PRIVATE TENANTS AT £450 PER MONTH.ELETRIC AND GAS CERTIFICATE. COUNCIL LICENSED. £74,995 MID GARDEN TERRACE. THE PROPERTY BENEFITS FROM GAS CENTRAL HEATING. BRIEFLY COMPRISES OF ENTRANCE HALL, LOUNGE, DINING ROOM, FITTD KITCHEN, THREE BEDROOMS, BATHROOM. SMALL GARDEN TO FRONT. ENCLOSED YARD TO REAR. RENTED AT £60 PER WEEK DSS. VACANT POSSESSION. £74,995 MID PAVEMENT TERRACE PROPERTY. VESTIBULE. LOUNGE. DINER KIT. LANDING. 2 BEDS. BATHROOM. YARD TO REAR. PROPERTY IS CURRENTLY RENTED TO DSS TENANTS AT £60 PER WEEK.CAN BE OFFERED WITH VACANT POSSESSION. All on http://www.tomclarke-moston.co.uk/ Well they're mostly in rough areas where you wouldn't leave a car that you owned or had any insurance liability for. Lots of investor only. Quote Link to comment Share on other sites More sharing options...
Ursus Posted March 11, 2008 Share Posted March 11, 2008 Isn't it illegal to specifically advertise for a select group of people? ie: Discrimination Law? "Investors ONLY" "Over 55's ONLY" "Landlords ONLY" It makes you wonder if this has ever been challenged? Maybe someone here could enlighten? Quote Link to comment Share on other sites More sharing options...
TheLastSamurai Posted March 11, 2008 Share Posted March 11, 2008 (edited) Isn't it illegal to specifically advertise for a select group of people?ie: Discrimination Law? "Investors ONLY" "Over 55's ONLY" "Landlords ONLY" It makes you wonder if this has ever been challenged? Maybe someone here could enlighten? Over '55s only would be illegal since introduction of Age Discrimination Regulations. Legally (as a general proposition) you are allowed to discriminate as unfairly as you like in any aspect of life as long as it isn't specifically prohibited by law. So, "no redheads", "no dogs", "nobody over 5'11" is OK "no blacks", "no women", "no gays" - will be very expensive! (but usually lucrative for me, for reasons probably pretty obvious ). "Investors only" because the vendors want to get rid of the property without hassle. Type of investor interested in this sort of rubbish property probably knows what he or she is doing and is a cash buyer or will not be seeking (and failing to get) some silly 90% BTL mortgage. Edited March 11, 2008 by heatonfan Quote Link to comment Share on other sites More sharing options...
wadisgod Posted March 11, 2008 Share Posted March 11, 2008 Over '55s only would be illegal since introduction of Age Discrimination Regulations. How can building societies offer better rates to the over fifties? Quote Link to comment Share on other sites More sharing options...
The Conveyancer Posted March 12, 2008 Share Posted March 12, 2008 Over '55s only would be illegal since introduction of Age Discrimination Regulations.Legally (as a general proposition) you are allowed to discriminate as unfairly as you like in any aspect of life as long as it isn't specifically prohibited by law. So, "no redheads", "no dogs", "nobody over 5'11" is OK "no blacks", "no women", "no gays" - will be very expensive! (but usually lucrative for me, for reasons probably pretty obvious ). "Investors only" because the vendors want to get rid of the property without hassle. Type of investor interested in this sort of rubbish property probably knows what he or she is doing and is a cash buyer or will not be seeking (and failing to get) some silly 90% BTL mortgage. Unless of course you are talking about an age restricted property. Retirement Homes and some flat conversions where there is no parking normally. Quote Link to comment Share on other sites More sharing options...
The Conveyancer Posted March 12, 2008 Share Posted March 12, 2008 Over '55s only would be illegal since introduction of Age Discrimination Regulations.Legally (as a general proposition) you are allowed to discriminate as unfairly as you like in any aspect of life as long as it isn't specifically prohibited by law. So, "no redheads", "no dogs", "nobody over 5'11" is OK "no blacks", "no women", "no gays" - will be very expensive! (but usually lucrative for me, for reasons probably pretty obvious ). "Investors only" because the vendors want to get rid of the property without hassle. Type of investor interested in this sort of rubbish property probably knows what he or she is doing and is a cash buyer or will not be seeking (and failing to get) some silly 90% BTL mortgage. And of course "no dogs" is dodgy too, as it may be a guide dog and then you are discriminating again! Quote Link to comment Share on other sites More sharing options...
Telometer Posted March 12, 2008 Share Posted March 12, 2008 Investors only because the properties are being sold with the tenant in situ... so you couldn't get a residential mortgage, and you couldn't live their either - because there is a tenant! Quote Link to comment Share on other sites More sharing options...
chichi Posted March 12, 2008 Author Share Posted March 12, 2008 Investors only because the properties are being sold with the tenant in situ... so you couldn't get a residential mortgage, and you couldn't live their either - because there is a tenant! And because anyone having to get a mortgage on the maisonette would probably discover it's due for renovation which means 20-30k cash from the owners. And some tenancies can't have the rent put up... Quote Link to comment Share on other sites More sharing options...
conifer Posted March 12, 2008 Share Posted March 12, 2008 Is it discrimination if I say my house is for sale only to people who are prepared to pay £500,000 (about twice its actual value)! Quote Link to comment Share on other sites More sharing options...
TheLastSamurai Posted March 12, 2008 Share Posted March 12, 2008 And of course "no dogs" is dodgy too, as it may be a guide dog and then you are discriminating again! Yes, fair point conveyancer!!!! Housing law is not my speciality so I missed the point on fold flats etc. Quote Link to comment Share on other sites More sharing options...
TheLastSamurai Posted March 12, 2008 Share Posted March 12, 2008 Is it discrimination if I say my house is for sale only to people who are prepared to pay £500,000 (about twice its actual value)! Hmmmmmmmmm.... On one view, that would be positive discrimination in favour of idiots, which is legal. But that would just lump you in with the bulk of vendors sitting in a property which has already been in the estate agent's window for 8 months, yet with no intention of dropping the price because £500,000 "it what its worth". Which would make you an idiot too... So (excluding you conifer, as you are just making a funny post) that would make it an idiot homeowner discriminating in favour of an idiot purchaser but discriminating against all rational customers. Not illegal - just deserts! Quote Link to comment Share on other sites More sharing options...
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