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Converted Lurker

Lucy Alexander Homes Under Hammer Presenter

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The format is this; she buys house for 1.1 mil without seeing it. Formally five flats, she bought it blind, not knowing she needed planning permission to restore it to a family dwelling; big dramatic fuss over this, although no planners are likely to refuse it given it's former use. Borrowed all the money minus a bit of savings. Had to borrow deposit money of 10%, (150K) by frantically geting her other half to phone banks asking for a second charge on their family home. Looked as though it was filmed in the peak of 'madness'. Just got the impression that the whole purchase was being financed, £1.1mil = what 7K per month on I.O.?

Once in the agent came along and valued it at 2mil IF they put an extension on it, result! :unsure: Only caught a bit of the programme, no idea when it was filmed or if they 'scored'. Got the impression it was in Hertfordshire or Surrey but I could be wrong. Anyone any ideas? Can't stomach/don't have time to look through the film, only got as far as her taking out the Lloyd Grossman sauce in the kitchen. :D I think this is the link.

http://www.bbc.co.uk/iplayer/episode/b009kfrb/

Edited by Converted Lurker

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The format is this; she buys house for 1.1 mil without seeing it. Formally five flats, she bought it blind, not knowing she needed planning permission to restore it to a family dwelling; big dramatic fuss over this, although no planners are likely to refuse it given it's former use. Borrowed all the money minus a bit of savings. Had to borrow deposit money of 10%, (150K) by frantically geting her other half to phone banks asking for a second charge on their family home. Looked as though it was filmed in the peak of 'madness'. Just got the impression that the whole purchase was being financed, £1.1mil = what 7K per month on I.O.?

Once in the agent came along and valued it at 2mil once they put an extension on it, result! :unsure: Only caught a bit of the programme, no idea when it was filmed or if they 'scored'. Got the impression it was in Hertfordshire or Surrey but I could be wrong. Anyone any ideas? Can't stomach/don't have time to look through the film, only got as far as her taking out the Lloyd Grossman sauce in the kitchen. :D I think this is the link.

http://www.bbc.co.uk/iplayer/episode/b009kfrb/

I saw this programme. Without putting too fine a point on it imo it was a classic example of vi greed. I hope the vacuous air head and her plank husband get turned over for hundreds of thousands. Two more smug people I have yet to come across

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It was a repeat. Originally shown 18th March. I saw some of it.

Hubby manged to borrow £110k on the house 'on the phone' to put down a deposit the same day!?!? Hmmmm <_<

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Shit the whole thing is a charade. Left the I-Player running in the background whilst got on with other stuff. The address of the house they bought is supposedly, 37 station road Thames Ditton. Not sold according to Houseprices. Intro. from BBC also says these experts re-create their experiences. They're fukcin acting! You couldn't make it up, but obviously the BBC thinks it's acceptable, just as prices are correcting, to pump out programmes allowing presenters (who've lost their gig) to tell us a story. Fukc me I though Jackanory was pulled in the 90's. <_<

http://www.houseprices.co.uk/e.php?q=stati...ditton&n=10

Edited by Converted Lurker

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Guest Shedfish

sorry, didn't get past the intro... filled with an urge to destroy, decided it was better i get on with some work and return to equilibrium and inner peace

what happens, do they all jump off a cliff clutching a titanium electric pepper mill or something?

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They may have lied about the no. for privacy. Maybe it was 57, not 37?

13/06/2008 £825,000 Det. F No 57, Station Road, Thames Ditton, Surrey, KT7 0PA

We could hope!

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I saw this program back in March.

More than Funny :lol:

This is a TV presenter and a footballer and they are poor as church mice. They had to borrow the deposit !!!!!!!!!!!!!!!!!!!!!!!

And to make matters worse this is the girl that has been giving the sheep investment advise for the past few years on Homes under the Hammer :lol:

Did no one learn the dangers of buying on margin in the 1920's :ph34r: Obviously not :lol:

All they have is the illusion of money but no really money and the illusion is rapidly disappearing in front of there eyes.

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My recollection of this particularly highly-buffed turd of broadcasting ephemera, was that it was supposed to show how the "experts" made money doing their thang.

In practically every example I saw nobody actually produce the readies, save for Dom Littlewood who did it by reverting to his old role of selling cut-n-shuts from a lay-by (wot, no easy money to be made in prop-dee Dom?).

Alexander's episode was no different.

Absolute con TV.

Edited by Sledgehead

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The format is this; she buys house for 1.1 mil without seeing it. Formally five flats, she bought it blind, not knowing she needed planning permission to restore it to a family dwelling; big dramatic fuss over this, although no planners are likely to refuse it given it's former use. Borrowed all the money minus a bit of savings. Had to borrow deposit money of 10%, (150K) by frantically geting her other half to phone banks asking for a second charge on their family home. Looked as though it was filmed in the peak of 'madness'. Just got the impression that the whole purchase was being financed, £1.1mil = what 7K per month on I.O.?

Once in the agent came along and valued it at 2mil once they put an extension on it, result! :unsure: Only caught a bit of the programme, no idea when it was filmed or if they 'scored'. Got the impression it was in Hertfordshire or Surrey but I could be wrong. Anyone any ideas? Can't stomach/don't have time to look through the film, only got as far as her taking out the Lloyd Grossman sauce in the kitchen. :D I think this is the link.

http://www.bbc.co.uk/iplayer/episode/b009kfrb/

This appears the first house she looked at:

http://www.rightmove.co.uk/viewdetails-166...11&tr_t=buy

I love the bit in the programme when she finds out the house she wants has not sold at auction, she rings the EA and is told that the seller might accept 100K less BUT she has to get 10% of 1,100,000 to the EA by close of day. I mean, did someone in the property game really fall for that EA trick or was it just done to make it look like 'good' TV suspense.

I find it incredible that they bought the house without seeing it, without knowing about the planning permission, etc, and, boy, it does look knackered but... it could look a really lovely house in time but I guess it will need a vast sum spent on it.

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no,it looks for real.when they recreate for the cameras they are recreating for the errr...cameras.I doubt they'd reveal the real address on TV.Have faith CL,she really is dumb.What got me weas that they didn't have a £110k in cash.Just surprised thats all.took it out of the equity....I mean wtf,I thought they were well off.

"Have faith CL"!! :lol: TBH mate just caught my imagination when I came in yesterday, put on telly and lo and behold, another bit of property porn on. Thought they'd all gone. Now I deffo saw on the I-Player (about 5 minutes in) the address of that property on their brochure. I just don't think they get the fact that once they're left with the ex-premiership player, mock tudor starter mansion, they'll have a whopper of a debt. Odd that they've made 'fortunes' in property yet had to beg for the depoist of 110K? <_<

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My recollection of this particularly highly-buffed turd of broadcasting ephemera, was that it was supposed to show how the "experts" made money doing their thang.

In practically every example I saw nobody actually produce the readies, save for Dom Littlewood who did it by reverting to his old role of selling cut-n-shuts from a lay-by (wot, no easy money to be made in prop-dee Dom?).

Alexander's episode was no different.

Absolute con TV.

it is a con and bang out of order IMHO. Total charade. <_<

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I thought she was a property expert! Presumably everyone who didn't bid up to the reserve at the auction were aware of the planning problem. Yet she, a property expert no less, didn't.

The look on her face was priceless when the agent dropped the planning bombshell.

I'm surprised Martin, her property expert colleague on Homes Under the Hammer, didn't put her right.

If it is a real deal, she and 'Stu' may well spend 250k and then find the house is still only worth a million in a year's time.

Maybe she hasn't noticed the credit crunch.

What kind of an eegit buys a house without seeing inside? A property eejit expert.

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I thought she was a property expert! Presumably everyone who didn't bid up to the reserve at the auction were aware of the planning problem. Yet she, a property expert no less, didn't.

The look on her face was priceless when the agent dropped the planning bombshell.

I'm surprised Martin, her property expert colleague on Homes Under the Hammer, didn't put her right.

If it is a real deal, she and 'Stu' may well spend 250k and then find the house is still only worth a million in a year's time.

Maybe she hasn't noticed the credit crunch.

What kind of an eegit buys a house without seeing inside? A property eejit expert.

amusing as it is the more you consider it the more it was just extreme bull shit telly. The BBC don't do Onedin Line costume drama anymore, these days this is what you get. Look what you could have won for less than 700K in the same area...

http://www.rightmove.co.uk/viewdetails-190...=3&tr_t=buy

Edited by Converted Lurker

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Homes under the Hammer yesterday from 2005 a property devoloper bought his 18 daughter a flat "to start her own portfolio".

She was responsible for the mortgage etc- she had not put up curtains or blinds because she did not know "which bit of the windows to measure"!!!

The whole chummy tone is sickening- I think deaf confused pensioners watching flickering energy make up the bulk of the audience anyway.

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i've been lurking on hpc for a while, but had to join after watching this, just to slag them off.

what a pair of muppets. stuck up to boot. needless to say the program is either a scam or these two are losing money fast.

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i've been lurking on hpc for a while, but had to join after watching this, just to slag them off.

what a pair of muppets. stuck up to boot. needless to say the program is either a scam or these two are losing money fast.

'tis a scam, they can't do proper property porn now...they just give us the overweight readers' wives section....uuuggghhhhh :D

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'tis a scam, they can't do proper property porn now...they just give us the overweight readers' wives section....uuuggghhhhh :D

Old goonboy has a trick when watching property pR0n, simply have some real porn playing in the background with a maximised media player, if someone suddenly comes to peer over your shoulder click on the player to hide the fact that you have been

watching Location, Location, Location.

If they saw you were watching Kreepy "Allslop" as opposed to something less revolting (e.g. naked Japanese women eating insects or fat old ladies pouring custard over various parts of their anatomy) they might think you were a bit of a sicko and funny in the head!

gB

PS Apparently C4 wanted to hire a body double for certain scenes involving Kirstie, but since the Hindenberg disaster it's been a bit tricky to find one!

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I just read this article in the Telegraph: Property auctions: Homes are going, going, gone… for a song

Google searched: "Lucy Alexander thames ditton" and this HPC page was the first link returned. :P

This bit caused me to do a google search about their auction sourced "discounted" house bought some 18 months ago.

They have transformed it into a six-bedroom family house, and finally moved in a few weeks ago with their children Kitty, six, and Leo, three. "It was 100 per cent worth it - but I only said that two weeks ago. It was a massive learning curve but we'll have made money on it."

I didn't see the iplayer show discussed in this thread (no longer available) but it doesn't seem to tally with what she says in the Telegraph, where she sort of makes out she knew in advance about the flats and planning permission issue.

The couple bought their Arts & Crafts house near Thames Ditton, Surrey, when it failed to meet its reserve price at auction 18 months ago for £1.1million. "I'd had my eye on it for a while," she says. "It had been converted into five makeshift flats and there was no planning permission to turn it back into one house. We took a risk."

If she really is a landlord with a "vast portfolio" as in the Flippers/BTL Hall of Fame 2008 thread, but found it a bit tricky to raise the finances (maybe just because they were on some fancy holiday?), time will tell if they've over-reached with their ambitions.

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I feel I may have been quick to presume they didn't have the deposit.Must have been for dramatic value,noone would buy a £1.1 million hosue without a £100k in the bank for pin money.

If she did,she's truly gonna get toasted by the market downturn.

It doesn't sound like they had the deposit to hand but had to do some arranging.

Raising the finances was tricky. "It was Christmas and all the building societies were closing as we tried to scramble together the money for the 10 per cent deposit," says Alexander. "It was very touch and go. And when the time came to pay the rest, 20 days later, we were in Sharm el-Sheikh on holiday. I remember Stewart was on the balcony, on the phone trying to secure the finances."

There is a 2006 Sunday Times story going through their property portfolio of the time. A mixture of buying, selling, holding, and buying. Not listed being the approx £1 million property mentioned in this thread, in Thames Ditton, which is where they already had and may still own a family home. If it hadn't been for everything thrown to stop declining values in 2009 onwards, she may have been found out by the market. Maybe by now they've sold on some of their other properties. Big and deserved Mrs Bear type profit rewards from 1998 for their research, risk and efforts with property.

Lucy and Stewart have frequently remortgaged to release more capital for their investments and a year after living in Surbiton they discovered the value of the house had risen to [pounds sterling]700,000, so they quickly sold it.

How we built our portfolio

1998 Three-bedroom house in Teddington Lock, bought for [pounds sterling]237,000 - sold in 1999 for [pounds sterling]475,000.

2000 Six-bedroom house in Surbiton, bought for [pounds sterling]570,000 and sold in 2001 for [pounds sterling]700,000.

2000Off-plan, one-bedroom flat in Teddington, bought for [pounds sterling]115,000 and sold when built for [pounds sterling]165,000.

2000 One-bedroom flat in Strawberry Hill bought for [pounds sterling]115,000 and sold in 2001 for [pounds sterling]190,000.

2000 One-bedroom riverside apartment in Teddington, bought for [pounds sterling]145,000 and sold in 2005 for [pounds sterling]220,000.

PROPERTY PROFIT: [pounds sterling]568,000

And what we own now...

. Five-bedroom, detached house in Thames Ditton, bought for [pounds sterling]640,000 in 2002 and now worth [pounds sterling]900,000.

. One-bedroom home in Villefranche, France, bought for [pounds sterling]45,000.

.Three-bedroom bungalow in Canterbury, bought for [pounds sterling]396,000 and now worth [pounds sterling]546,000 with planning permission for an extension.

.Two-bedroom apartment in Chelsea, bought for [pounds sterling]460,000.

.Two-bedroom riverside apartment in Richmond, bought for [pounds sterling]675,000 and now for sale at [pounds sterling]750,000.

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cant be cussed to put all that on a speadsheet, and borrowings are not revealed.

odd that one so successful had to get a 100% mortgage on a new speculation....and it needs work done...

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  • 395 Brexit, House prices and Summer 2020

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