sell up and rent back??

Northwest_Guy

I'm sorry you feel that way. How the hell am I supposed to provide you with accurate figures...Lets see

If the poor Mr smith as you say went to the company and the company bought the property he would be paid £80,000 for the property with full legal costs (selling only) covered. Legals are hard to be accurate with and as such can't give a figure.

You can't honsetly sit there and tell me that you aren't being biased when you say "I am merely attacking your employer and your industry". Obviously you wouldn't use such a service and that is fine, myslef included (and yes that means I wouldn't look into this unless I was in the unfortunate position). There are other people in the world who do not have such options.

I'm sorry you feel I was promoting the company in my first post obviously I didn't want it to come accross that way but I did want to point out some of the benefits to the sell and rent back scheme (offered by multiple companies) which is what the thread author was asking for. It would be wrong of me to put 2 companies up against each other when I work for one of them, don't you think. So lets go back to the INFORMATIVE PURPOSES!!! shall we. IF somebody wanted to know how the scheme works my original "sales pitch" (as you call it) would inform them of the process and if anything give them something to compare against. If somebody is looking into this area then they should and are well advised to seek out as many different companies as possible to source the best deal.

OK so you may not look down on people in this position but you surely are finding hard to put yourself in their place. I get it you don't like the industry and as before that is your opinion. I simply work within the industry and as said before stand to make nothing from putting this information out.

Now on to a part I think you really are going a bit to far on.......Truthful......I have been completely truthful through this entire thread I don't think that lying is even an issue. It wasn't me admitting that it isn't the best option because I think we all know it isn't. It is the fact that you cannot turn round to me and A) Call me a liar & Admit that the scheme is not the worst.

I don't think I rubbished any competitors by saying It is a shame that there are so many companies in this industry that are out to make a killing. This is my OPINION and as such cannot be construed as rubbishing them. I have read about people in a desparate situation being forced to sell their home for 2 thirds of it's value!!! I mean come on how can anyone with a pulse say that is fair. I wouldn't class these as "competitors" to the company I work for and as such cannot rubbish them. (opinion is personal and this is a message board)

And finally I am actually having a great time debating the matter with you. I have no problems with your opinion being different to mine however if you are unwilling to listen to the things I have said (I am not promoting anything) and digging your heels in then there is no physical point to this thread. At least if anyone should be in the afformentioned position I would suggest that you seek independant financial advise explore all avenues of solving your problems. Information contained within my posts is of opinion only and for informative purposes and should be read as such.

Dithering_Dad

Northwest_Guy wrote: »

I'm sorry you feel that way. How the hell am I supposed to provide you with accurate figures....

Well you seemed quite able to manage it when you were mentioning Mr Smith's 100k house and 5% reduction on asking price and costs of paying his mortgage while he is waiting to sell. You seemed quite able to reduce him down to receiving a minimum of 70% of his house value... Ah, hold on... yes you are quite right. You are unable to supply us with accurate figures :rotfl:

As for the OP, if all the discussion in this thread so far has not put you off selling and then renting back, here is a summary of statements from someone who originally came on here touting for your business and is an advocate of this industry:

Northwest_Guy wrote: »

"Obviously you wouldn't use such a service and that is fine, myslef included"

" it isn't the best option because I think we all know it isn't. "

"It is a shame that there are so many companies in this industry that are out to make a killing."

" I have read about people in a desparate situation being forced to sell their home for 2 thirds of it's value!!! "

" I would suggest that you seek independant financial advise explore all avenues of solving your problems."

I need add nothing more ok, well maybe just this...

Northwest_Guy wrote: »

if you are unwilling to listen to the things I have said (I am not promoting anything) and digging your heels in then there is no physical point to this thread..

The physical point of this thread was to provide advice to the OP, not to try and sell your company, however I think the quotes you provided above may have gone some way to help the OP make his decision.

Thanks for the debate, it was very enlightening.

Northwest_Guy

How can I ask did you come up with a minimum 70% incorrect again my friend.
The point to this thread is advice and opinion yet no matter what I say to yourself you still fail to admit there are far worst things out there than the scheme.

Oh and the whole advertisement thing I think we can put to bed now don't you????(link removed to prove the point) No company name no links just me, my opinoins and how the company I work for operate. If someone is in this situation read the quotes. They are what you should do but at least I am man enough to turn round and prove my points and back them up. Not seeing things from other prospectives and failing to agree that there are worse options out there is your downfall.

And thank you to you for your feedback but I think now you will agree that I am not on here to promote.....At least give me that?

Dithering_Dad

Northwest_Guy wrote: »

And thank you to you for your feedback but I think now you will agree that I am not on here to promote.....At least give me that?

If you start contributing on other threads whose discussion is completely unrelated to selling one's home to a company and renting it back, then I'll happily "give you that".

boyse7en

Dithering_Dad wrote: »

If you start contributing on other threads whose discussion is completely unrelated to selling one's home to a company and renting it back, then I'll happily "give you that".

But he knows something about the process and issues of selling and renting back whereas he might not know anything about other subjects. It could end up that people can only post on threads on which they have no interest or knowledge, which kind of defeats the object of offering advice.

Dithering_Dad

I think he may be in trouble in life if his entire store of knowledge is limited to selling housing and renting back. Besides, you don't have to know anything about anything in order to contribute to these forums. After all, it's never stopped me.

Northwest_Guy

I wouldn't like to give advise on something which I was not fully aware of. I think you have taken boyse7en's coment out of context.

If people were not allowed to comment on a field in which they had knowledge the advise given would be nothing and the site would be useless.

nellis10

For what my £13.47 is worth, I've read this thread purely out of interest and I find the petty back and forth debate detracting from the main point.

Dithering Dad you may well be right to say that in 95% of cases this is NOT the way forward as it would not be cost effective.

However Northwest-Guy was merely (I think) giving us an explanation of how these schemes work - which I didn't know.

Now if I was in the postition (and fortunately I am not) of needing a solution to a financial problem, I could very well read his explanation and think - No way...not a way for me to go. But someone else might think contrary.

The point being, if you don't know how it works, you can't make a decision yes or no. Now I know how they work thanks to NW-G's explantion I would definitely avoid it.

Merely saying - "barge-pole" "no-way-jose" and the like is an opinion but not an informative one.

The best advice is an informed one in my opinion!;)

Dithering_Dad

One man's "petty back and forth" is another man's debate. If everyone on these forums followed what you seem to advise - don't question other poster's advice or motives, even if you think they are wrong, then how will you form your "informed opinion"? I certainly don;t think we detracted from the original question as we didn't venture off topic and though one or two insults may have been traded, they probably made the debate that bit more interesting to bystanders.

I think it was very useful and interesting for me to debate with Northwest_guy and I am pleased that he came back with his answers. With any debate, you have two opposing viewpoints and the truth is probably somewhere in the middle. Had we not had the debate, the thread would have been half a page long and ended with NW's 100% positive post and his company's website address. Not much to form a balance opinion from...

You've formed an opinion that you wouldn't touch sell-to-rent with a bargepole - was that before or after reading our debate? Other's may have read the debate and decided that it was the best solution for them - at least they had a chance to see opposite viewpoints.

I'm Sorry Natalie, I think that if we don't debate issues then these forums will the poorer for it.

Northwest_Guy

I have to agree with ditheringdad. I don't think we went off topic and I thouroughly enjoyed the debate. I think both points were put accross which will allow anybody who reads this thread to make an infromed decision.