Tuesday, January 15, 2008

Utter desperation, “Redrow re:assure”

House price promise provides reassurance for buyers

"Flying in the face of gloomy media speculation about interest rates and house prices, Redrow is making a spectacular promise to home buyers interested in the stylish one and two-bedroom apartments at Lindum Point in Bunker’s Hill, Lincoln: buy now and we will help you protect the price of your home for up to three years." "Perfect for a range of buyers including first timers, buy to let investors and the ‘lock up and leave’ brigade,"... what's the LockUpAndLeave brigade? desperate housebuilders MWAUU UAHH HAHA HAHHAHAH

Posted by confused76 @ 01:44 PM (1319 views)
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12 thoughts on “Utter desperation, “Redrow re:assure”

  • the redrow “generous” offer sounds to me as they are seeking zero interest rate funding from customers

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  • ” It cannot be used in conjunction with any other offer or discount.”

    Does this mean the buyer can’t have the free carpets or stamp duty paid or whatever other incentives builders normally offer?

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  • tyrellcorporation says:

    Lock-up-and-leave… I’ve heard this before, I think it refers to buy-to-sitters and also 2nd home owners.

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  • “up to 10% of the purchase price paid and for a period of up to three years from the date of legal completion.”

    Does this mean Redrow suspects prices may fall more than 10% in the next 3 years?

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  • Theyll be bust before anyone can secure thier guarantee

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  • “Offer valid on all properties reserved up to and including Sunday, March 2nd 2008” – don’t all rush at once now (LOL)

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  • Redrow wants to get the cash now, they will not be around in 3 years

    This offer is also open to all sort of frauds. Say I buy now then I sell to my friend at a discount in 3 years, so I collect the guarantee

    Also, that allows Redrow to sell for an inflated price today

    Why cant simply Redrow lower their prices now?

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  • European-bear says:

    “Interest in the development has been incredible and the properties are a must see, especially those situated on the top floor, which offers stunning views of Lincoln Cathedral.”

    If interest is no incredible, why the need for the special offer?

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  • I’d LOVE to see what the small print says….

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  • By even making this offer, they are hinting that prices might fall. Imagine if Bradford & Bingley started offering a special “no collapse” deal – the mere suggestion of it would cause a panic! Sounds like foolish marketing to me.

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  • £118,700 For a two-bedroom apartment in Lincon? Wow, I had not realised HPI was THAT bad.

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  • Clearly, the “lock up and leave” brigade will be those who mortgage themselves up to the hilt to buy these units, and then have to “lock up and leave” when interest rates rise to 10%, house prices fall by 30%, and their flats are repossessed… LOL or am I missing something 😉

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