Only HSBC will lend on concrete flat

Doozergirl

I like that last one Lynzpower! You're turning into our resident house hunter!

Phil and Kirsty eat your hearts out!

pollyanna24

Personally, you couldn't pay me to live in London, but then I've been born and bred here. Have a lovely house just outside London surrounded by fields and paid £210K for it. Sadly, still have to work in London to finance the mortgage though.

Alan_M_2

Also be aware that if things to go awry, the HSBC aren't exectly the most compasionate of banks. They'll have you out on the street in a jiffy. (That'll be a measurement of time - not a padded postal bag):)

lynzpower

Doozergirl wrote:

I like that last one Lynzpower! You're turning into our resident house hunter!

Phil and Kirsty eat your hearts out!

What can I say, Im bored!

Although Im sad you didnt liken me to Sofie, the pretty one

seven-day-weekend

My husband inherited a concrete bungalow that his mother had bought from the Council under the RTB rules. At the time of her buying it we were told it was unmortgageable from ANYONE and that although no faults had been found with those particular ones, others of similar construction had been found to be faulty in other parts of the country. She still went ahead with the sale as with her discount it was only £5500 and worked out considerably less than paying the rent for a few years.

When she died, my husband rented it out for a while and then put it up for sale. This was a two-bedroom detached bungalow with off-road parking and a nice garden on a good estate of similar properties (most now privately owned).

We were told by the EA that it still had to be a cash sale, no-one would get a mortgage, but not to worry because it was so cheap (£35000 in 2003) and they were so popular that people would be queueing up for them.

Sold it, rapidly and with no problem, for cash, , to a lady who had already sold her house and wanted a bungalow to retire into. She got a lot of bungalow for her money IMHO.

However....this was a single storey property (the effects of any structural defects not too disasterous and relatively easily remedied) and it was CHEAP. I think the OP's situation is very different, it's a flat and it is a quarter of a million pounds. I'd walk away.

The sale of the bungalow funded the purchase of our house in Spain.:D

AndrewSmith

Doozergirl wrote:

I like that last one Lynzpower! You're turning into our resident house hunter!

Phil and Kirsty eat your hearts out!

I will be referring my clients to you next Lynzpower for help finding a house :rotfl: :beer:

Hey Lynz & Doozer,

Have a cracking christmas :xmastree: :santa2:

Doozergirl

lynzpower wrote:

What can I say, Im bored!

Although Im sad you didnt liken me to Sofie, the pretty one

Kirsty comes only a close second to Sarah Beeny in the Doozer's eyes.
(That was before Ms Beeny stopped brushing her hair though, I think)

EDIT: Hey Andy, is it time for the Xmas smilies then? :rudolf:


:xmassign:

lynzpower

AndrewSmith wrote:

I will be referring my clients to you next Lynzpower for help finding a house :rotfl: :beer:

Hey Lynz & Doozer,

Have a cracking christmas :xmastree: :santa2:

Do!! LOL

Have a cracking one yourself mate, and back for more in 2007 no doubt:xmassign:

Doozergirl

sorry larsony, I've done it again.

I'm thinking of maybe officially starting a competition to see who can take a thread furthest off topic this afternoon.

Anyone else up for it or is it just me?

Alan_M_2

Actually I'm not bad at the off topic part myself, I do like a ramble:)