Opinions on this...

jamief

Catblue wrote: »

Jamie, just ask yourself why the developers are offering loans to people to buy their houses.

If the houses are such a good deal, then the developers should easily be able to sell them in the traditional manner, right?

In case you hadn't noticed, the house market is pretty stagnant, this allows them to sell the house, cover cost, and retain a future interest in any equity growth of the property, whilst allowing the buyers to essentially buy something they couldn't otherwise.

RobertoMoir

jamief wrote: »

You do realise I'm in SCOTLAND? The housing market here works on the OFFERS OVER basis, not the same as in England where you offer less.

In Scotland, if it was a second hand house on the market at £265,000, you would offer that OR MORE.

What part of "the house is overpriced and this is how they fund such 'great' schemes" escapes you? It sounds like you've decided to buy no matter what but would feel better if you persuaded everyone here that you're right to do so.

jamief

RobertoMoir wrote: »

What part of "the house is overpriced and this is how they fund such 'great' schemes" escapes you? It sounds like you've decided to buy no matter what but would feel better if you persuaded everyone here that you're right to do so.

Can you explain how the house is overpriced? Given that it is cheaper than some other properties of a similar ilk in the area? I think most of the above posters failed to realise that, as I stated, Scottish property works on an OFFERS OVER basis - whereby if a property is for sale for £100,000, you offer that OR OVER. You DO NOT offer under that.

Of course I haven't decided to buy, I'm just hearing some complete misinformation based on the assumption that I'm either buying in England or a complete idiot, neither of which are the case.

I think I'll leave and discuss this with my fiancees colleagues, given that they actually have a clue what they are talking about, unlike some of the clowns on here. Goodbye.

EDIT: What part of the "The houses haven't always been on this scheme - it was only introduced when the market slowed down over the past 4-6 weeks" escapes you?

LandyAndy

jamief wrote: »

You do realise I'm in SCOTLAND? The housing market here works on the OFFERS OVER basis, not the same as in England where you offer less.

In Scotland, if it was a second hand house on the market at £265,000, you would offer that OR MORE.

I had no idea that, in Scotland, if you offered say £235k, and were the only person to offer, the seller would have to turn you down .

jamief

LandyAndy wrote: »

I had no idea that, in Scotland, if you offered say £235k, and were the only person to offer, the seller would have to turn you down .

If they wanted £265,000, and you offered £235,000, you'd politely get told to f-off. Prices reflect this fact.

And in case you are a complete idiot, I'll rephrase it - "In Scotland, if it was a second hand house on the market at £265,000, you would offer that OR MORE - if you hoped to have your offer accepted".

LandyAndy

Catblue wrote: »

Jamie, just ask yourself why the developers are offering loans to people to buy their houses.

If the houses are such a good deal, then the developers should easily be able to sell them in the traditional manner, right?

This is the question the OP cannot bring themselves to ask.

I actually believe that this thread has no more to offer the OP. It's just another case of people rejecting advice because it isn't what they want to hear.

jamief

LandyAndy wrote: »

This is the question the OP cannot bring themselves to ask.

I actually believe that this thread has no more to offer the OP. It's just another case of people rejecting advice because it isn't what they want to hear.

Or maybe a case of the sanctimonious bunch on here not understanding the property market north of Hadrians wall, and then trying to cover their tracks by waffling?

LandyAndy

jamief wrote: »

If they wanted £265,000, and you offered £235,000, you'd politely get told to f-off. Prices reflect this fact.

And in case you are a complete idiot, I'll rephrase it - "In Scotland, if it was a second hand house on the market at £265,000, you would offer that OR MORE - if you hoped to have your offer accepted".

I was actually pointing out the foolishness of your assertion that nothing in Scotland sells under the 'offers over' price. I see you cling to this nonsense.

People can only tell you 'fire burns' so many times, eventually you, it seems, will have to put your hand in the flame.

mlz1413

jamief wrote: »

You do realise I'm in SCOTLAND? The housing market here works on the OFFERS OVER basis, not the same as in England where you offer less.

In Scotland, if it was a second hand house on the market at £265,000, you would offer that OR MORE.

Sorry jamief but I think you are not applying the part about the property market is stagnant to the EA / builders valuations.

Scotland or not offers over is a request, it is not gospel or law.

Your obviously upset that no one else sees this MiWay as a great scheme, but what most have gone onto say is TRY and offer less - if you get told to s0d off so be it, no harm in trying.

LandyAndy

jamief wrote: »

Or maybe a case of the sanctimonious bunch on here not understanding the property market north of Hadrians wall, and then trying to cover their tracks by waffling?

So answer the question.