Bought Off Plan....but Cant Afford It Now!!! Please Help!!!

pizzagirl

EliteHeat wrote: »

Out of interest, why did you sign up for two?

Twice the profit, innit

unite79

neas and Pizzagirl - How Ironic that someone else's misfortune can make you gloat - We live in the WORLD we do - But we are British - WE ARE MEANT TO HELP PEOPLE - THESE are difficult times - worse than you can IMAGINE.

BrandNewDay

stevetodd wrote: »

You are still acting in the silly way that you did when you bought these flats,you are going around in circles, take a reality pill and end this situation that you are in. YOU NEED LEGAL ADVICE!

Nobody on here can tell you anything but their opinion which is worthless you need to know where you stand contractually, NOT where people on this forum THINK you stand!

He's right... all you're going to get here is ridicule or sympathy and neither of those are what you really need.

Call a legal professional.

Entertainer

Everyone who is revelling in this guy's misery should take a good hard look at what they are saying. He's been very foolish, he knows that but he did it with positive intentions and you showing schadenfreude towards him is unedifying. It is not BTL landlords who are responsible for this housing slump. It's like saying if you've got a job you're depriving someone else of one and you should be ashamed of yourself. If the government's housing policy is so bankrupt that it has brought the market to this then blame them.

mpsavuk

Property Club = Scam

You should have done your research properly and i bet you didn't even bother!

ad44downey

Entertainer wrote: »

It is not BTL landlords who are responsible for this housing slump. .

They played a major role, artificially increasing property prices followed by the inevitable bust.

Entertainer

ad44downey wrote: »

They played a major role, artificially increasing property prices followed by the inevitable bust.

But you can't blame them for it in a moral sense which is the reasoning behind this schadenfreude. They were providing rented property and they were acting legally. It was those making policy who have contributed to this slump the most.

meester

ad44downey wrote: »

They played a major role, artificially increasing property prices followed by the inevitable bust.

To be fair, the OP is clearly not the brightest bulb in the box, and has simply fallen for a scam and lie (that house prices grow at ridiculous rates year-on-year, and you get rich overnight) propagated by far more culpable people. Ultimately it comes down to greed, but it was a culture encouraged and created by the media and the Labour government.

For instance, ex-Mayor, Ken Livingslime stole money from lottery good causes, and said it would be returned in 20 years because the 500 acres of land in Stratford that forms the Olympic village would grow by 16% per year. In fact, even in January this year, Livingslime's advisor was saying it would EXCEED that figure. http://www.dailymail.co.uk/news/article-508258/Olympics-faces-1bn-black-hole-ludicrous-land-price-projections-Government.html

In case anyone doesn't understand what 16% growth for 20 years means in practical terms, it's a 18-fold increase in prices. So this high-rise council flat would cost £3 million by 2028. http://www.rightmove.co.uk/viewdetails-15785201.rsp?pa_n=2&tr_t=buy&mam_disp=true


:rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl:


And the psychopathic morons were still predicting this in January this year!!!!!

The entire Olympic budget took as a STARTING POINT, 16% annual growth in property prices. To me 6% is unduly optimistic, but that 16% was actually POLICY demonstrates the 100% culpability that the Labour party has for the mess we are now in after squandering the proceeds of 16 years of growth.

House price growth was going to go on forever, don't even think about where the money was going to come from to pay for these £3m high rise council flats in Stratford, it's just magic.

meester

The OP clearly needs professional advice, it's unclear what kind of 'bond' he has got, if it is even a bond at all, but with a bit of luck it is unenforceable. The £8,600 he has put in already is gone, but as others have suggested, if the bond debt really is enforceable, then bankruptcy may well be the best option.

Bf109

Nothing like greed to breed stupidity.