Wednesday, Oct 07, 2009

Who can the banks flog their repossessed properties to?

The Property Finance Blog: Who is going to benefit from bank sales?

When RBS Lloyds has to get rid of repossessed properties, will the government let them flood the auction halls?

Posted by ontheotherhand @ 11:02 AM (2300 views)
Add Comment
Report Article


1. jack c said...

Interestingly this just landed in my inbox - titled "How to profit after the crash"

With potential returns of over 50%, isn't it time you looked at a Property Fund?

Any shrewd investor knows that the UK Residential property market holds great opportunity right now. With the distress in the market you can pick up assets at well below the open market value, whilst the slowdown in buying means rental demand remains high.

Heritage Capitals Property Funds take advantage of the distressed market conditions to lock in profit at purchase, meaning your investment has an immediate value increase. You can then benefit further from the capital growth and rental revenue over the 3-5 year term, to deliver potential returns of over 50%.

A Hassle free, low-risk investment.....

The recent credit crisis has created an under-valued asset class in UK residential property, but has also made it harder to arrange mortgage finance and required investors to put up large deposits to secure their investment.

That's where Heritage Capital come in...

Our Property Funds offer a completely hassle free and low risk way to invest in UK property portfolios at well below market value. There's no need for mortgage finance or large deposits and we manage the investment portfolio for 3-5 years before exiting and returning profits to you, the investor...

Click here to find out how the property fund works and how YOU can profit from the crash

With low entry investment from just £1000, and the buying model locking in profit at purchase, you can expect healthy returns even with zero growth in the property market over the term. And with Savills, Oxford Economics and other analysts quoting market growth of over 30%, your Return on Investment could be even higher.

Find out more by clicking here to request our brochure...

Wednesday, October 7, 2009 11:11AM Report Comment

2. cynicalsoothsayer said...

Both Land Securities and British Land are commercial, not domestic property companies. Also, given the state and recent history of the commercial property market, it is hard to see how these could afford to buy loads of overpriced commercial property that continues to dive and empty of tenants.

Wednesday, October 7, 2009 12:10PM Report Comment

3. cyril said...

It makes sense for the banks to sell their reposessed properties to a property company which can take a longer term view about when to sell them. Given the low volumes of sales at the moment, this will help to delay the house price crash. The alternative is for the banks to put them on the market when they take possession and this would start the vicious circle of lowering prices and pushing more people into negative equity etc etc.

Wednesday, October 7, 2009 01:29PM Report Comment

4. yoyo1 said...

They should be more up to date and forward looking and sell them on Ebay.

Wednesday, October 7, 2009 04:01PM Report Comment

5. inbreda said...

Sell them on ebay? ebay is dead. If they tried to sell a property on ebay the auction would be one by someone claiming to be english, who would pay ten times the asking price, and ask for the house to kindly be shipped to nigeria as they are there on business.

Can't get a genuine sale on ebay. It's crap.

Wednesday, October 7, 2009 05:34PM Report Comment

6. yoyo1 said...

Thanks inbreda.
I'll delete ebay from my bookmarks.

Wednesday, October 7, 2009 07:25PM Report Comment

7. mountain goat said...

Although selling a house on ebay doesn't seem appropriate I love the site. Have bought and sold countless small things on it and enjoy the contact with individual people instead of yet another sterile corporate image. Have had very little trouble with transactions.

Wednesday, October 7, 2009 09:14PM Report Comment

8. Lebouche said...

Great buyer +++++++++

Thursday, October 8, 2009 01:08AM Report Comment

9. Lebouche said...

Great housepricecrasher!!! +++++++++++

Thursday, October 8, 2009 01:09AM Report Comment

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of
  • Please adhere to the Guidelines
Admin Password
Email Address

Main Blog | Archive | Add Article | Blog Policies