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No mortgage needed, buy this home now (Gumtree ads)

What's the deal with these adverts? Scams or good idea for those who cant get a mortgage (albeit a pricey one poss?)

For example

http://manchester.gumtree.com/manchester/35/62443535.html

http://manchester.gumtree.com/manchester/32/62268632.html

etc.

Comments

  • welshy_2002
    welshy_2002 Posts: 96 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    Is anything on that site not a scam?

    P.S it's a scam
  • marking_bad
    marking_bad Posts: 512 Forumite
    How does it work, why is it a scam?

    Not questioning you, just want to know.
  • maninthestreet
    maninthestreet Posts: 16,127 Forumite
    Part of the Furniture
    " I am Forced to Sell my Lovely Penthouse

    * You Don't Need to put all the £185,000 together!

    * "I will Finance You until you get your own bank loan"

    * You Don't Need Huge Downpayment

    "You can put down as much as you Have"

    SOME NOW SOME LATER and weekly Capital Repayments of £250p/w"

    Over £1000 per month payments needed, so not at as cheap as it seems, even if it was genuine.
    Anyone tried calling 'Max' to see what story he spins??
    "You were only supposed to blow the bl**dy doors off!!"
  • poppysarah
    poppysarah Posts: 11,522 Forumite
    I have some magic beans if the OP is interested...
  • Colincbayley
    Colincbayley Posts: 579 Forumite
    Part of the Furniture Combo Breaker
    poppysarah wrote: »
    I have some magic beans if the OP is interested...
    Yes please!
    I can swap you for an old milk cow
    :beer:
  • marking_bad
    marking_bad Posts: 512 Forumite
    Aw guys, I'm literally having to hold in my sides from laughing.

    But if we can just take a break from this session of hilarious originality, you can actually explain to me what it's all about, maybe?
  • Out,_Vile_Jelly
    Out,_Vile_Jelly Posts: 4,842 Forumite
    Part of the Furniture 1,000 Posts
    Aw guys, I'm literally having to hold in my sides from laughing.

    But if we can just take a break from this session of hilarious originality, you can actually explain to me what it's all about, maybe?

    The aim is to defraud you by getting you to pay some tiny amount through Western Union as a token of goodwill to the nice man who is going to sell you your dream home. The clearing out of your bank account will follow shortly.

    It is a well known Gumtree scam, but usually for rented flats that magically require no deposit.
    They are an EYESORES!!!!
  • welshy_2002
    welshy_2002 Posts: 96 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    This is my favourite bit

    "I will Finance You until you get your own bank loan"

    He sounds such a helpfull little guy... I've always wanted a penthouse that I can't afford normally :D
This discussion has been closed.
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