Bridging Loans - Property Purchase

[WTFH]

He can't be net (or any) worth "million" if he's maxed out all his loans.


In fact, all he appears to be accumulating with his speculating is... debt.




(but I like the fact that in my late 40s I still qualify as a "dear boy")

[AtW]

That's how you nail something down Squirrel boy as opposed to having the vendor offering you a property one year and increasing it my 60k a few years later.

So, have you actually nailed it, Land Registry already updated?

[MrMarkyMark]

(but I like the fact that in my late 40s I still qualify as a "dear boy")

Its better when matron says it, though, when I've been a good boy

[MaryPoppins]

I went in aggressively with a cash offer an hour after being the first viewer, turning up with builders who were verbally very negative in front of other people on the open day, utilizing a bridging loan facility that I had previously agreed, sending all proof within an hour, plus 20k above the asking price and phoning every hour to close out.

That's how you nail something down Squirrel boy as opposed to having the vendor offering you a property one year and increasing it my 60k a few years later.

So it's not quite advice you're after then, since you'd already agreed the loan.

[WTFH]

It was better when the priest said it though, when I'd been a good boy

FTFY

[AtW]

A dangerous policy, what with the tax changes being phased in over the next 4 years, though there is a tiny glimmer of hope with a Judicial Review of Clause 24 being funded. I've just used most of my Ltd Co funds to buy a property - director's loan etc.

Tiny hope? BN66 crown had tiny bit of hope, but in this case there is absolutely no chance.

[vetran]

(but I like the fact that in my late 40s I still qualify as a "dear boy")

He is complaining about your hourly rate NLYUK lets him have AtW for 30% less.

[AtW]

He can't be net (or any) worth "million" if he's maxed out all his loans.

He said he got a million.

Pounds of debt

[WTFH]

So, have you actually nailed it, Land Registry already updated?

According to MF, the offer was accepted.

So it's not quite advice you're after then, since you'd already agreed the loan.

And got the deal

It's too good a deal. Plus, this evening after 'accepting our offer'

Is there a : pants on fire: smilie?

[AtW]

According to MF, the offer was accepted.

My offer for flat was also accepted 5 years ago ...

And why not accept it in England where vendor can pull out at any time, so that they can advertise property in hope to find higher bidder for a few months after they accepted offer?