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nerble

An Interesting Angle.

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BUYERS recieve [sic] £500 cash back when you buy this property through Urban and Rural (no catches)

That's right, nearly 0.1% CASH BACK, that should do the trick. Please form an orderly queue.

linky

Better still:

KEY AVAILABLE FOR VIEWING

So you can make sure that it is a good one; say a Yale, presumably.

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Or, how about this? £25,000 cash back on a £300,000 house.

FIXED PRICE £300,000 WITH £25,000 CASHBACK

linky

Why, for the love of Sir Stephen Fry, is this not just on for £275,000? What kind of accounting gymnastics are going on?

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Or, how about this? £25,000 cash back on a £300,000 house.

linky

FIXED PRICE £300,000 WITH £25,000 CASHBACK

Why, for the love of Sir Stephen Fry, is this not just on for £275,000? What kind of accounting gymnastics are going on?

Isn't that mortage fraud? Applying for a £300,000 mortage (or equivalent mortgage + deposit) then being given £25,000 of the "value of the house" back.

Extending the principle further, you could get hold of any amount of unsecured borrowed money as if it was secured on a house simply by doing this. Who not "£775,000 with £500,000 cashback"? or "£1,275,000 with £1,000,000" cashback?

Edited by RJG18

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Isn't that mortage fraud? Applying for a £300,000 mortage (or equivalent mortgage + deposit) then being given £25,000 of the "value of the house" back.

Extending the principle further, you could get hold of any amount of unsecured borrowed money as if it was secured on a house simply by doing this. Who not "£775,000 with £500,000 cashback"? or "£1,275,000 with £1,000,000" cashback?

Maybe an expert could help us out (?).

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It is not mortgage fraud if you only apply for a much smaller mortgage and do not claim that the house is worth £300,000. The buyers will have to pay stamp duty at 3% on the extra £25,000.

It seems to me that the estate agent is trying to maintain the myth of stable prices. People looking at land registry will see £300,000 as the sales price. That will encourage surveyors and future buyers in the area to believe that prices are holding up.

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FIXED PRICE £300,000 WITH £25,000 CASHBACK

I just love the "fixed price". There was me, planning to low-ball an offer but now I realise that its a "fixed price." Oh well, guess I'd better offer the asking price then...

... plonkers

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I just love the "fixed price". There was me, planning to low-ball an offer but now I realise that its a "fixed price." Oh well, guess I'd better offer the asking price then...

... plonkers

It is a Scottishland thing. They have Fixed price, where they expect the price they ask for, or "offers over" where they expect 20%+ over the asking price as all the buyers bid themselves into a frenzy.

now there are no buyers.

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  • 395 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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