BTL Query

Exocet

I was watching an old TV program yesterday and it was all about this new craze called BTL. Apparently I can buy new build or off plan with no money down, I think its called a gift deposit. And then sit back and watch the money roll in. With such a brilliant deal I wondered why so little was mentioned about it nowadays?

Anyway, just sharing the news, trying to help out fellow MSEers. According to the presenters you can't fail.

Or at least back then you couldn't.

Malcolm.

Option 1) The idea that you an repackage subprime mortgage debt and in doing so diversify away the risk has been shown to be incorrect. There's no longer the financial demand for such products.

Option 2) The new build / off-plan homes have neither laminate floor or magnolia walls. Meaning, as detailed in another thread, no-one wants to purchase one.

Exocet

Funny how quickly investment crazes go in and out of fashion. Seems such a short while since everybody was getting into it.

JonnyBravo

Oh Exocet.... you are a card..... seems like only yesterday you were posting this under another name..... seems funny how quickly names go in and out of fashion

Dirk_Rambo

Exocet wrote: »

Funny how quickly investment crazes go in and out of fashion. Seems such a short while since everybody was getting into it.

my cousin johnboy is dyeing to get into buytolet. mind you hes not the brightest bunny in the forrest

Gorgeous_George

Dirk_Rambo wrote: »

my cousin johnboy is dyeing to get into buytolet. mind you hes not the brightest bunny in the forrest

Your spelling suggests it's a family thing.

GG

PasturesNew

*sniggers*

Dirk_Rambo

Gorgeous_George wrote: »

Your spelling suggests it's a family thing.

GG

my speeling isnt very good as ive got dypexia, so plesae bear with me

Gorgeous_George

Aoccdrnig to a rscheearch at Cmabrigde Uinervtisy, it deosn't mttaer in waht oredr the ltteers in a wrod are, the olny iprmoetnt tihng is taht the frist and lsat ltteer be at the rghit pclae. The rset can be a toatl mses and you can sitll raed it wouthit porbelm. Tihs is bcuseae the huamn mnid deos not raed ervey lteter by istlef, but the wrod as a wlohe.

GG

chucky

JonnyBravo wrote: »

Oh Exocet.... you are a card..... seems like only yesterday you were posting this under another name..... seems funny how quickly names go in and out of fashion

how desperate they must be for attention to keep on coming back to 'try' again.

sad little truckers

IveSeenTheLight

Malcolm. wrote: »

Option 2) The new build / off-plan homes have neither laminate floor or magnolia walls. Meaning, as detailed in another thread, no-one wants to purchase one.

I once built a property off plan and sold once completed.
I initially left it as built so the buyers could decorate to their taste.
The concensus of viewers was that they couldn't visualise the space.

I then put down carpets throughout and dressed the property with furniture.

Next viewer snapped it up for more than I was selling it previously and including the furnishing costs.

Some people just don't have the visual imagination and need to see the property as if they could simply walk in and put their feet up.