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Anyone heard of Home Buyers UK???

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  • theartfullodger
    theartfullodger Posts: 15,707 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 31 May 2009 at 7:26PM
    Can anyone find the company name??

    The only one I can find is overdue with filing accounts (often indicative of a company going to the bad,,, but not always...)
    ========

    Name & Registered Office:
    HOME BUYERS DIRECT LIMITED
    555 LINCOLN ROAD
    PETERBOROUGH
    PE1 2PB
    Company No. 05886292


    spacer.gifspacer.gifspacer.gifspacer.gifStatus: Active - Proposal to Strike off
    Date of Incorporation: 25/07/2006

    Country of Origin: United Kingdom
    Company Type: Private Limited Company
    Nature of Business (SIC(03)):
    None Supplied
    Accounting Reference Date: 31/07
    Last Accounts Made Up To: (NO ACCOUNTS FILED)
    Next Accounts Due: 25/05/2008 OVERDUE
    Last Return Made Up To:
    Next Return Due: 22/08/2007 OVERDUE






    ==========

    Cheers!

    Lodger
  • eshaq786
    eshaq786 Posts: 26 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    This company is starting to sound more and more like a scam. its more suspicious that they want you to tell them when you find a property and also use their solicitors. That just sounds like giving them too much control. I'd rather use a well known scheme with a reputable solicitor or one that ive used before.
  • chewmylegoff
    chewmylegoff Posts: 11,466 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    eshaq786 wrote: »
    Either that or i rent for the next three years saving 300 a month giving me a 10k deposit but i would have 'wasted' 21600 on rent.

    how much mortgage interest would you pay over the same period? isn't that a "waste" of money as well? hmmm?
  • chewmylegoff
    chewmylegoff Posts: 11,466 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    The only one I can find is overdue with filing accounts (often indicative of a company going to the bad,,, but not always...)

    when the company has never filed accounts and there is a proposal to have it struck off the register, i'd say it is pretty much 100% a sign of a company going to the bad.
  • socrates
    socrates Posts: 2,889 Forumite
    eshaq786 wrote: »
    Ive recieved a letter and business card from Oeter Jones regarding the scheme.

    Here are the details:

    Litton House
    Saville Road
    Westwood
    Pterborough
    PE3 7PR

    01733 843334.

    He is shown as the managing director on the card.

    Sounds all dodgy to me. Sounds like a one man business.


    the following is from the letter he sent me

    "If for instance the maximum you can borrow is 120000 this sets the maximum purchase price you can buy at, the property you wish to buy wuld be negotiated down to approximately 108000, a deposit of 12000 is then added by Home Buyers UK making the purchase price including your deposit 120000 (the maximum you can borrow)."

    Nice - you post delivered on a Sunday icon10.gif
  • eshaq786
    eshaq786 Posts: 26 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Sorry no Sunday post for me. Just found the letter on Sunday.

    I guess I may end up paying a lot of interest but atleast it will be towards my own mortgage rather than someone elses and also I will have built up some equity by that time which I would otherwise have not.
  • socrates
    socrates Posts: 2,889 Forumite
    I am sorry but the more I read this the more I think the OP is a TROLL :D:eek:
  • ILW
    ILW Posts: 18,333 Forumite
    eshaq786 wrote: »
    may go up but ive calculated that on a 5 year fixed rate of 5.99. Hopefully i will be ablle to remortgage at the end of that 5 years and get a better fixed rate or even a better SVR. Surely there will be something lower than 5.99. .

    I thought that 20 years ago and rates went up to 15%. Anything can happen in 5 years.
  • eshaq786
    eshaq786 Posts: 26 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    No trolling going on here sir....
  • GDB2222
    GDB2222 Posts: 26,265 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Well, I had a phone call, from Peter Jones at Home Buyers (UK) plus a very prompt follow-up letter. Sadly, I still have no idea what their offering is. So, it's impossible to sign up for the service, because there's no application form, no terms and conditions, nothing ....

    Apart from that, I have no idea whom I'm dealing with. Peter Jones signs himself "Managing Director", but neither the letterhead nor the website identify which company this is.
    No reliance should be placed on the above! Absolutely none, do you hear?
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