House buying at an auction

[Old Hack]

Christianity is simply adjusting to the number of people who are actually Christians, rather than a state religion where everyone goes to church as a matter of course. When you think how every tiny village used to have a chapel or church, clearly that is overkill - you don't see mosques closing because there are hardly any of them in comparison!

No, Christianity is adjusting to having fewer followers, as will Islam as enlightenment happens. More and more people are leaving religion, including Muslims, as they become more and more enlightened and educated.

It was easier forcing religion on people, but now they have a choice, the numbers are dropping. Islam is only as large as it is in places like Pakistan, Indonesia and Afghanistan, as the options are less than savoury; denounce Mohammed in Lahore and you're dead, denounce him in Bristol and life goes on. What you're finding is that without forced religion, people realise they can make their own minds up, and the numbers drop. It's proven 2nd and 3rd generation muslims are dropping their faith. That's all that has been happening with Christianity.

[Ondine]

Only a fool would do otherwise

(Fingers crossed for the Halifax to come up with the money)

One of my friends purchased a church at an auction 2 years ago in Leicester for £99,000. It was perfect for conversion. In the end she had to buy it cash as the lender didn't lend. The lender HSBC said that the Church was too old and big for it to be converted into a residential property. Basically, its down to the lender's valuers comments.

She spent at least £125,000 doing it up. She sold it a couple of months ago to a retired artist for £399,000 who is looking to use it as an art gallery.

It's very difficult to get a mortgage for a property at an auction, let alone a Church! I hope you have a contingency plan in case you cant get the mortgage.

Good luck! It sounds like a good project!

[yannek]

well, in Germany it's not really risky buying a house at an public auction. You get all important information about the condition of the house and a fair price. You can save up to 50% of the market-value of the house in case that noone else was bidding. In the second round you can even save more than 50%.

[Ondine]

well, in Germany it's not really risky buying a house at an public auction. You get all important information about the condition of the house and a fair price. You can save up to 50% of the market-value of the house in case that noone else was bidding. In the second round you can even save more than 50%.

German Efficiency!

Is it true that most Germans just rent? Not that interested in owning the Freehold?

[BrilloPad]

German Efficiency!

Is it true that most Germans just rent? Not that interested in owning the Freehold?

I have always wondered who owns the freehold on German houses? Private individuals? Government?

[Freelancer Financials]

I have always wondered who owns the freehold on German houses? Private individuals? Government?

Local Government, Private and Public corporations and individuals.