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Stop the fraud!

CYBERCIDERSAVER
CYBERCIDERSAVER Posts: 279 Forumite
in House buying, renting & selling
After watching BBc's Panorama last week, I decided to set up a petition at the 10 Downing street website.

http://petitions.pm.gov.uk/BAN-GDs/
Basically I was shocked at how a developer can give a buyer a gifted deposit which, in some cases, is added to the "actual" purchase price for the entry to the land registry.

If I gave somone a pound who then gave me back that pound and 45p for a mars bar, how much is the mars bar worth?

It would be cool if we could get a few signtures on there. At least try and get the government to look at the whole issue of fraud in the sector. Maybe then some of us first time buyers could afford a house!!
"A goldfish left Lincoln logs in me sock drawer!"

"That's the story of JESUS."
«13

Comments

  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    CYBERCIDERSAVER wrote: »
    After watching BBc's Panorama last week, I decided to set up a petition at the 10 Downing street website.

    http://petitions.pm.gov.uk/BAN-GDs/
    Basically I was shocked at how a developer can give a buyer a gifted deposit which, in some cases, is added to the "actual" purchase price for the entry to the land registry.

    If I gave somone a pound who then gave me back that pound and 45p for a mars bar, how much is the mars bar worth?

    It would be cool if we could get a few signtures on there. At least try and get the government to look at the whole issue of fraud in the sector. Maybe then some of us first time buyers could afford a house!!

    I got £6000 cash back off our seller this time, i demanded it near to completion due to the slight change in market conditions. Still showed up on registry at full sale price.
  • Doozergirl
    Doozergirl Posts: 34,082 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    mr.broderick wrote: »
    I got £6000 cash back off our seller this time, i demanded it near to completion due to the slight change in market conditions. Still showed up on registry at full sale price.

    Have you completed already?
    Everything that is supposed to be in heaven is already here on earth.
  • silvercar
    silvercar Posts: 50,004 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    mr.broderick wrote: »
    I got £6000 cash back off our seller this time, i demanded it near to completion due to the slight change in market conditions. Still showed up on registry at full sale price.

    Did you tell the mortgage lender?
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    silvercar wrote: »
    Did you tell the mortgage lender?

    Yeah solicitor told them.
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    Doozergirl wrote: »
    Have you completed already?

    Yeah we completed december
  • brit1234
    brit1234 Posts: 5,385 Forumite
    This fraud is wrong it is ramping prices up for normal decent people stopping them from buying. It must end now and prices dropped to true and affordable levels.

    As I just said on another thread Mortgage Express has stopped lending on newbuild buy to lets due to this scam.:mad:
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • Markyt
    Markyt Posts: 11,864 Forumite
    Not much chance of the govt doing anything about it when their rankers like Mr Meacher take advantage of this and similar loopholes. Turkeys don't vote for Christmas!
  • RecoveringAlcoholic
    RecoveringAlcoholic Posts: 936 Forumite
    The UK property market has been based on FRAUD.
    Living Sober.

    Some methods A.A. members have used for not drinking.

    "A simple book for complicated people"
  • Doozergirl
    Doozergirl Posts: 34,082 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Go to bed Bruno.
    Everything that is supposed to be in heaven is already here on earth.
  • maz1964
    maz1964 Posts: 903 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Done my sig bit for you, totally agree - but business seems to be on everyone's agenda and money talks, unfortunately, is anything really going to change? Our small action may show concern and awareness but will our policy makers really sit up and take notice?

    Lets hope so
    Have a fun day laters ciao maz
    Sealed Pot Challenge member 1525

    "Knowledge is the Power to get Debt Free":j

    Truecall device, stops all the unneccesary phone calls - my sanity has been restored and the peace in the house is truely priceless!:rotfl:
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