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Claims that shortfalls in the supply of new homes will lead to an inexorable rise in UK property prices in coming decades have 'as much credibility as Britney Spears' latest comeback,' he wrote
What people in that situation should do is bury their heads in the sand and finance their day-to-days with credit cards. It'll all be alright in the end [when I buy their repo'ed house at auction].
Couldn't you just TAKE their repo'ed house whenever you liked?
Hang on, I thought you were pretending to be dead? (Sir)
I think you will find that these days they have to get a quote from 3 Estate Agents and get the best price possible, so that would rule out an auction. Checked with my mortgage lender when I was close to the abyss.
Which given new flats near me (smaller than mine, but with underground parking) are going for £340K and I bought mine for £114K
Normally they will ship it on to one of the big dealers in this business, who either
Get 5 quotes, discard top & bottom then average the rest
or
Get 3 quotes, average them.
Then stick it on with their favourite agent.
However, tulipty little holes will go to auction if they don't sell quickly. Hard to predict what will happen post-boom at the moment.
I think you will find that these days they have to get a quote from 3 Estate Agents and get the best price possible, so that would rule out an auction. Checked with my mortgage lender when I was close to the abyss.
Which given new flats near me (smaller than mine, but with underground parking) are going for £340K and I bought mine for £114K
They have to get the best price possible, which means advertising offer amounts in the paper, but they still also sell at auction, halifax used to sell at their own, and have just started it up again after being shut for a few years
What people in that situation should do is bury their heads in the sand and finance their day-to-days with credit cards. It'll all be alright in the end [when I buy their repo'ed house at auction].
I think you will find that these days they have to get a quote from 3 Estate Agents and get the best price possible, so that would rule out an auction. Checked with my mortgage lender when I was close to the abyss.
Which given new flats near me (smaller than mine, but with underground parking) are going for £340K and I bought mine for £114K
Gardner sensibly advises that anyone who has missed a mortgage payment should be talking to their lender and letting them know what is going on. They should also look to cut spending and reduce debt across the board, sorting out their finances and getting all loans and credit cards under control. It’s worth looking at consolidating expensive credit card debt and personal loans in a remortgage.
Bloody hell, that is stating the obvious. anyway, if you are behind on your mortage payments, surley the providor is not going to lend you more money?
Where do they find these genius's.
I cant pay my mortgage so I must cut my out goings and reduce debt? I would have thought that that would be too obvious to even print.
What people in that situation should do is bury their heads in the sand and finance their day-to-days with credit cards. It'll all be alright in the end [when I buy their repo'ed house at auction].
Another Cunning Plan, Oh Great and Evil One... possibly the most Evil yet.
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