Re: Would like advice please regarding flipping houses

DjangoUnchained

I think the consensus is that its a bad idea. now lets have a nice weekend.

Alexland

flaneurs_lobster said:
There's very little point in just repeating the same scenario over and over again. If you are not happy taking advice from random people off the internet then seek professional advice from your bank, solicitor or accountant. 

And if you do consult a professional ensure they are engaged by you and so acting in your best interests. Never trust a solicitor etc working for someone else.

MeteredOut

IanManc said:

Alexland said:

flaneurs_lobster said:
There's very little point in just repeating the same scenario over and over again. If you are not happy taking advice from random people off the internet then seek professional advice from your bank, solicitor or accountant. 

And if you do consult a professional ensure they are engaged by you and so acting in your best interests. Never trust a solicitor etc working for someone else.

And don't believe that a solicitor has told your partner that the return is guaranteed because no actual real solicitor would ever say that.

I asked whether this advice was paid for and in writing; no response.

cricidmuslibale

MeteredOut said:

IanManc said:

Alexland said:

flaneurs_lobster said:
There's very little point in just repeating the same scenario over and over again. If you are not happy taking advice from random people off the internet then seek professional advice from your bank, solicitor or accountant. 

And if you do consult a professional ensure they are engaged by you and so acting in your best interests. Never trust a solicitor etc working for someone else.

And don't believe that a solicitor has told your partner that the return is guaranteed because no actual real solicitor would ever say that.

I asked whether this advice was paid for and in writing; no response.

This is yet more evidence for me at least that this whole thread is actually a total wind-up by the OP, who may well be taking a lot of perverse pleasure (and laughing a lot) at the very well-meaning and properly thought through responses by lots of highly knowledgeable folks here, who have (up to now) largely given the OP the benefit of the considerable doubt and tried to genuinely help them!

Bostonerimus1

OP is either foolish or a troll...either way it's a shame.

Andrea2528

MeteredOut said:

IanManc said:

Alexland said:

flaneurs_lobster said:
There's very little point in just repeating the same scenario over and over again. If you are not happy taking advice from random people off the internet then seek professional advice from your bank, solicitor or accountant. 

And if you do consult a professional ensure they are engaged by you and so acting in your best interests. Never trust a solicitor etc working for someone else.

And don't believe that a solicitor has told your partner that the return is guaranteed because no actual real solicitor would ever say that.

I asked whether this advice was paid for and in writing; no response.

My partner went along to his own solicitors with this person and I told him to get something in writing.  He came back saying his mind was put at ease, with nothing signed for at all.  

george4064

How is this ridiculous thread still going!?

happybagger

Andrea2528 said:

 How risky is this with a first charge put in place?

Given that this was in fact the only question you asked in your opening post, it seems that you have your answer.