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Lump sum offer and installements

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Comments

  • marksoton
    marksoton Posts: 17,516 Forumite
    Hoploz wrote: »
    :rotfl:You could always offer him access to the front room on payment of the main amount, then open up other rooms as he pays for them

    PAYG housing... now there's an idea!
  • Jhoney_2
    Jhoney_2 Posts: 1,198 Forumite
    ma9gm wrote: »
    Hi,

    I've had an offer on our house. But due to the amount of mortgage the guy can get approved, he's offered £30k less, and said he'll pay the £30k in £2k instalments each month.

    Is that actually something you can do? Or does it just open up a while world of risk and problems. E.g. what happens if he just doesn't pay etc...

    I wouldn't entertain this if I worked for butlins, disney or warner brothers... NEXT!
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    ma9gm wrote: »
    Ok, so it's probably a too good to be true thing.

    No, because there's nothing whatsoever good about it. He's either a con artist or utterly clueless. Most likely the latter.

    What he is effectively offering is that you lend him THIRTY THOUSAND POUNDS, plus as icing on the cake he lives in your house!

    What's "too good to be true" about that ?
    :eek:
  • Missus_Hyde
    Missus_Hyde Posts: 539 Forumite
    Ninth Anniversary 500 Posts Photogenic
    Actually, I can't believe that you even contemplated doing this.

    I would imagine your solicitor would probably have a fit if you suggested it.:eek:
    A cunning plan, Baldrick? Whatever it was, it's got to be better than pretending to be mad; after all, who'd notice another mad person around here?.......Edmund Blackadder.
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