The Price of Property (part 3) : tonite C4 @ 9 pm

fc123

wymondham wrote: »

Here lies the fundamental problem ... she was able to buy these. It beggers belief what the lender was thinking during their initial meeting...:eek:. Whoever the lender was, they should be named and shamed, regardless of this womans income this should not have gone ahead ..... how much deposit do you think she put down??
It was not even clear she had any income??! - did anyone pick this up at all?

I watched it on the link (thanks PN) v late last night.
The wistful looking into the garden, the 'I will live in one room' etc etc sort of wound me up.
I know it shouldn't, but it was a classic case of Mrs Middle England , married well, then divorced but got the house....but...ooops..couldn't then get a job....or not one that she felt suited her 'position'.

She should be grateful gthat she got 20 yrs living in such a nice place.....some folks never get that ever.

So she went for the easy money.

Which turned out not to be so easy. In fact, she let herself get conned and that only happens if you let it.

She shouldn't have let herself be filmed either....the implication that it all went wrong ' by accident' also came through to me.

Mr 'ave-it'....may end up up as Mr 'ave-a- little-less-of-it' at some point...but I reckon he'll survive.

napoleon

wymondham wrote: »

Here lies the fundamental problem ... she was able to buy these. It beggers belief what the lender was thinking during their initial meeting...:eek:. Whoever the lender was, they should be named and shamed, regardless of this womans income this should not have gone ahead ..... how much deposit do you think she put down??
It was not even clear she had any income??! - did anyone pick this up at all?

Yep, mad isn't it. She was able to buy all 7 buy to lets with the equity from her large house.The bank are repossessing her own house, so they're getting their money back. The bank wasn't gambling but the lady was. Another cautionary tale

PasturesNew

fc123 wrote: »

I watched it on the link (thanks PN) v late last night.

It's one of my obsessions, my quirks, I HAVE to find a link, somewhere.... and provide it


I'm putting all this stuff together into one website, so I can instantly pull up any programme/dataset etc at the drop of a hat.

Started it today .... but it means watching about 100 hours of Homes Under the Hammer as I am trying to do a precis of each programme, with links through to LR, if it's for sale on RM... etc etc.

Sort of: here's the programme, what I can dig out that really happened next.

Damned obsessions.

Should be finished by Xmas I think with all the data sets, grabbing copies of the videos, uploading, watching, doing the precis/research.

Although I am thinking of getting a job next month as some work I do for a client stops by mid-October and that was my "little rock of certainty"

tomstickland

I'm just watching the program.
It's looking like more frothy, arty nothing.
Dramatic music and all that tosh.

The presenter keeps saying things like "we all regard property as the most important thing in our lives".
Stop telling me what I think!

Part 3:

The BTL landlord is the first interesting person in this program. Seems pretty switched on to me "there's only a pint of milk in a pint pot and so many straws you get through the top. Sooner or later someone's going to lose out (along those lines)".

The woman who bought 7 properties off plan is just noticing how the furniture she bought as a package for £3K and never saw, is actually cheap tat worth about half that.

09:17, excellent, chap who buys up the repossessions says that he doesn't care if people have lost money, because they shouldn't have been so reckless.

12:29 property auction. Oh dear, lots of things not making the reserve. Oh look, a woman's knitting (random observation!).

neverdespairgirl

tomstickland wrote: »

Oh look, a woman's knitting (random observation!).

Don't knock it, at least she's producing something useful.

amcluesent

>but you really could've done well without these warsaw-type blocks.<

IIRC that's the 'Victoria Quarter'. I was in Leeds last week, did wonder how they'll sell those places. Apart from the NHS HQ, not a lot in Leeds. I always chortle that London legal types refer to chippy Leeds solicitors as 'Yob & Co."

neverdespairgirl

When I was applying for pupillage, the Bar Directory of Chambers had two section - "London", and "Provinces" :j

mickeychambo

We live in a nice city centre flat in Manchester and we looked round a flat in the same building as her seven beauties last year while flat hunting. We were really unimpressed by them. Hugely over-valued, poorly finished things. For the same rent/month we have a massive top floor duplex with two balconies and views over the whole of Manchester. Would the tiniest amount of research been that hard for her!? There's barely any vacant flats in our building, she may have actually made some money if she bought here...

amcluesent wrote: »

>but you really could've done well without these warsaw-type blocks.<

IIRC that's the 'Victoria Quarter'. I was in Leeds last week, did wonder how they'll sell those places. Apart from the NHS HQ, not a lot in Leeds. I always chortle that London legal types refer to chippy Leeds solicitors as 'Yob & Co."

I'm hoping the warsaw tower block / Victoria Quarter comparison was a joke! :rotfl: This is what it actually looks like.. http://images.google.co.uk/images?hl=en&q=victoria%20quarter%20leeds&safe=on&um=1&ie=UTF-8&sa=N&tab=wi