Desperate property ads

baby_boomer

Barratt homes offers prospective buyers an

007 event

Casino and cocktails evening at "The Sanctuary", Plough Lane, Wimbledon.
50 cinema tickets for the first people viewing the show apartments
An Aston Martin track day for 2 if you are mad enough to reserve your apartment on the day.

14 November 6-9pm

Plus all the usual trimmings - Buy now, "save" 25% etc. etc.

Prices from £200K (studio flat) - £300K (2 bed flat)

Perhaps the next Bond film should be on the subject of uncovering the architects of the financial crisis designed to bring down western governments and gullible purchasers of new flats

ad9898_3

Wow Barratt, those prices are positively bargains, just think bedroom, kitchen and lounge all in the same room for 200k, fantastic, I'm sure they will all be snapped up especially if there is a free cocktail thrown in, Harvey Wallbanger by any chance.:rolleyes:

harryhound

I've just been doing the annual review of the family's death plans; that is sort of what
mortgage means:
Origin:
1350–1400; ME < OF mortgage, equiv. to mort dead (< L mortuus) + gage, pledge or wager.)
Last year there was a shake up in Inheritance tax and powers of attorney, the latter had me flapping around to jump on the old law. (phew thank God).
In the file I found this advert padding out the page of a newspaper pointing out the dangers & costs of LPA.
A year is a long time in credit crunch terms:
"Buy to let Mortgages"
"Designed by the Buy-to-Let lender of the decade"
"Call 0800 011 3369" or
visit
meandmydreams.co.uk_
for your free independent Buy-To-Let Guide

"Dream of someone else paying your mortgage?"

Well who do you think that was? Hint: There is a winsome burd in a bowler hat doing the dreaming and her post code is BD16 2UA
She would also like to tell you "Your home may be repossessed.........................."

Harry.

PS I wonder if the URL has a value to the receiver?

baby_boomer

Times - Desperate Barratt offload five family homes in Billingshurst to a buy-to-let investor "at a substantial discount"

These were three & two bedroom houses officially on sale for £299,955 and £226,995, which presumably wasn't attractive enough to individuals in spite of their many perks .

Generali

Yup. Mortgage = death pledge.

clobber_2

William Brown have changed all their Rightmove ads to include a £1000 cashback offer.

Hmmm, like that'll make all the difference on a £250k house.

BettiePage

baby_boomer wrote: »

Times - Desperate Barratt offload five family homes in Billingshurst to a buy-to-let investor "at a substantial discount"

These were three & two bedroom houses officially on sale for £299,955 and £226,995, which presumably wasn't attractive enough to individuals in spite of their many perks .

Oh dear, their baby is called Archibald. Poor kid!

ShelleyC_2

I like Archie as a name - it'll suit a little boy on a council estate once Daddy's BTL empire goes t!ts up

mizzbiz

Generali wrote: »

Yup. Mortgage = death pledge.

But not in the way that it is commonly held to be on here. I've heard it said on MSE before that 'Dead Pledge' or Mortgage means 'A gage until death', where in fact it just means a loan with interest, as opposed to a living pledge, which was without interest.

In early propoerty law, Ursary was illegal so most mortgages were of the living pledge kind, i.e. the income from the land would be taken from the amount of the loan. The dead pledge was the one where the income from the land was taken, but not subtracted from the loan, so the mortgagor still had to find the full value of the loan by the due date. Most loans now are 'dead pledges', as Ursary is now legal! It does not mean, nor has it ever meant, that you are tied until death! Either way, if the loan was not repaid buy the end of the term, the mortgagee would not transfer the estate in fee simple back to the borrower (most mortgages were formed by the mortagee holding the fee simple and granting a lease to the borrower for the duration of the mortage).

Source: Modern Land Law 3rd edition, Mark P Thompson.

MissMoneypenny

We have had through our door:-

1. Small free paper, full of articles all telling us how well the property market is going. It was published by a building firm that is having trouble selling their new builds.

2. A leaflet from an EA stating .....still selling property - despite what the papers are saying. ...we have perfected the art of selling houses