FTB with Interest Rate Q.

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mitchaa wrote: »

They do exist:eek:

That is a lot of house for the cash, look like complete bargains to me

Perhaps they are bang right in the middle of a troubled council estate or there is no decent employment in that part of the country to warrant high prices?

Bargain though.

Well there is no council estate for quite a few miles around their. However employment isn't brilliant in the area although Manchester is about 45 min commute by car, prices for 4 beds near me (about 5 miles from there) are about 170+, down from over 200k earlier in the year.

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formulaonefan wrote: »

I'm guessing it is a repo because look at the picture of the bathroom in the link you gave us:

http://www.rightmove.co.uk/viewdetails-17575036.rsp?pa_n=2&tr_t=buy&mam_disp=true

It has got a tape on top of the toilet. I have viewed repo properties before and they all had tape. So I guessed it could be repo!

Wow, is that true, tape on the toilet, well I guess you learn somethin everyday

hethmar

beingjdc wrote: »

Is that cheap? If you don't mind the area, you can get cheaper, even close to the South-East.

http://www.rightmove.co.uk/viewdetails-19271953.rsp?pa_n=1&tr_t=buy&mam_disp=true

Amazing, didnt know you could get places that low in price already - mind you that does have a whiff of rough council estate about it?

hethmar

ad9898 wrote: »

Wow, is that true, tape on the toilet, well I guess you learn somethin everyday

Strange thing is, if you look at the photo of the house (which does look very nice), there is a for sale sign bunged on next doors garden isnt there? I wonder if its the right house :rotfl:

MrDT

ad9898 wrote: »

Wow, is that true, tape on the toilet, well I guess you learn somethin everyday

I've viewed a couple of repos, it seems to be the case.

The tape will read something like 'ensure system is primed before use', buying a repo I think you need a plumber to come round and ensure there's no air in the system, not sure why they turn the water off in repos but it seems to be the norm (basing this just on my own personal limited experience)

beingjdc

hethmar wrote: »

Amazing, didnt know you could get places that low in price already - mind you that does have a whiff of rough council estate about it?

Yes, it's not a nice part of the world, I was a school governor nearby. But still, £80k for four bedrooms, an hour from London by train.

Cat695

Jesus i can go cheaper than that

sadly in and around notts though

http://www.rightmove.co.uk/search.rsp?lo_u=906&lo_t=0&lo_n=Mansfield%2C+Nottinghamshire&se_c=1&poi_e=45493&poi_n=36057&se_t=15.0&nh_st=1&stc_s=false&p_t=1&dp_t=2&mi_b=4&ma_p=140000&tr_t=buy&pa_n=20&eventsubmit_dosearch=1&initial_search_time=1225217067254&s_tat=false&garden=false&parking=false&bun=false&pamh=false&flats=false

Generali

MrDT wrote: »

I've viewed a couple of repos, it seems to be the case.

The tape will read something like 'ensure system is primed before use', buying a repo I think you need a plumber to come round and ensure there's no air in the system, not sure why they turn the water off in repos but it seems to be the norm (basing this just on my own personal limited experience)

I think it's so the bank doesn't have to pay water / sewerage. They are obliged to minimise costs to the person that was repo'd.

mewbie_2

You lot are so dumb. The tape on the toilet means you don't have to bother scraping off several years of filth before trying to flog your place on to the next [STRIKE]sap[/STRIKE] er investor.

neverdespairgirl

Generali wrote: »

I think it's so the bank doesn't have to pay water / sewerage. They are obliged to minimise costs to the person that was repo'd.

I thought it was to stop the risk of burst / frozen pipes, flooding, etc.