quote:

Originally posted by TrevGo:
What I am about to say will get deleted by the PC Gestapo no doubt, but folk who think that the 1950s was the Victorian era and know nothing of our history and culture are destroying period property the country over.
I know the indigenous white British do not have a good record in this department, but there has been some learning in recent times. Drive around London however, and see the skips outside period houses bought by foreign families, full of fireplaces, sash windows, original doors etc etc.

Trev, I have to agree with you regarding the disrespect of our history and culture. I'm glad you are brave enough to say it, not many would be so bold... (And before anyone jumps down MY throat - I'm half 'foreign' myself!)

Ignorance is ignorance wherever it comes from, white, black, yellow or green.

Trev, you are right about immigrant families wanting loads of rooms and space. And unfortunately sometimes they prioritise those requirements above the historical integrity of their house.

Trev, I think you should drive a van round London and 'empty' their skips for them (!!). Imagine the treasures you'd find!

g[/QUOTE]

01) I refuse to give in to this nonsense - I did NOT say it was only "foreigners" that ruined houses - only that it very often is, particularly of late. Why don't you actually read what people write instead of jumping down their throats?

02) I would not dream of applying to sink the pavement and turning the front garden into a parking space. It looks hideous and totally ruins the appearance of streets. Needless to say, this is precisely what next-door are in the process of doing - and we have permit parking so there is no need whatsoever. There are, unfortunately, a couple of precidents.

03) If people want to change houses to "fit their needs", why don't they buy one that does to start with? I love these folk who extend their houses in every direction humanly possible at great expense - why don't they just move to a bigger house?

[/QUOTE]

So trev what you're basically saying now is that it's not only foreigners who ruin houses but we'll find that it is usually is of late!!!!!!

I don't think people are jumping down your throat without understanding your point but actually reading what you wrote and giving you their opinion.

Could it be revenge for the ravages of the Empire?

Well, isn't 'bungalow' an Indian word?

I know Embassy Court very well as my grandparents used to live there. It fell into terrible disrepair during the 1980s and 1990s and was a real blight on the Brighton seafront for many years. However, now that the block has had that £75,000 per flat makeover (believe me, it badly needed it), it has the potential to be one of the most sought after blocks in Brighton.

I think Habib will land on his feet with this one.

quote:

Originally posted by doogie:

I think Habib will land on his feet with this one.

But more through good luck than his sound judgement. He may not be so lucky next time... I hope he has learnt something from this...

quote:

Originally posted by Donnadonna:
But more through good luck than his sound judgement. He may not be so lucky next time... I hope he has learnt something from this...

Yes absolutely.

But just about every Property Ladder participant makes a profit more by luck than judgement IMHO!!

quote:

Originally posted by doogie:

But just about every Property Ladder participant makes a profit more by luck than judgement IMHO!!

And from a generally rising market.

How many times have we heard Sarah say something like: "But you would still have made X amount of profit if you had done absolutely nothing to the property...".

There was a bloke on "Homes Under the Hammer" last week who was an investor/developer. He was lucky enough to buy a run-down property at auction that needed everything doing to it. He hadn't even viewed it, just bid for it and won it.

The presenter asked what his plans were for the property and he said he would just stick it straight back on the market and make £10K.

No tidying, no scrubbing, no getting his hands dirty. And do you know what? He did precisely that! £10K for just spotting a bargain....

I felt rather sorry for the debt-ridden couple, they seemed a bit naive. I was a bit amused by his apparent assumption that he could read a book on plumbing and then plumb a house, but at least he saw sense in the end and got some professionals in for some bits. And poor old Habib's Mum! I hope she isn't struggling to meet the mortgage payments after lending him all that money.

Greed. £50,000 isn't enough profit so he is renting it out until it commands a higher sale price. Lets hope property prices don't fall, that would be a disaster for his poor mother!

Dumb and Dumber. How they made any money is in itself the eighth wonder of the world. Both very pretty looking people but I got the feeling the lights were on but no-one was in! However, I was pleased that they made money because even though it was only £9000 you could sense it meant so much to them. Compare that with the other guy who was not happy with £50,000.


Thankfully, this week both 'developers' took on board the common sense advice from B.

Hi all, i'm a newbie here and was wondering how the hell the young couple actually managed to get a £50000 mortgage let alone the £10000 loan being already £50000 in dept !!?
I am struggling to find a self cert mortgage as i have just started as a self employed taxi driver and have no accounts. Lenders want me to have a 10% deposit when i need a 100% mortgage like they managed to get and i only have a relatively small cc debt of £3000 ! Frankly i find it unbelievable that they can still borrow when i'm finding it tricky to find a lender and he was even unemployed ! Can somebody explain ? Am i missing something ? Is it because they have 'degrees' .

quote:

Originally posted by mart p:
Hi all, i'm a newbie here and was wondering how the hell the young couple actually managed to get a £50000 mortgage let alone the £10000 loan being already £50000 in dept !!?
I am struggling to find a self cert mortgage as i have just started as a self employed taxi driver and have no accounts. Lenders want me to have a 10% deposit when i need a 100% mortgage like they managed to get and i only have a relatively small cc debt of £3000 ! Frankly i find it unbelievable that they can still borrow when i'm finding it tricky to find a lender and he was even unemployed ! Can somebody explain ? Am i missing something ? Is it because they have 'degrees' .

I have to wonder too...I think maybe the mortgage was solely based on the girlfriend's income only as a 1st year nurse. I think he was a bloody idiot not to get another job after he quit university

Sadly, financial institutions still see someone holding a degree as a dead cert for lending money to. Debt is somehow seen as a good thing, lord knows why. I did an online credit check on myself and what do you know? I have a very bad credit rating. Why? I have a mortgage and have had for 11 years, I have no loans, no credit cards and never have had. This makes me have a bad rating. It's nonsensical the lot of it.

Reminds me of way back in my first job, the bank wouldn't give me a bank card (so I couldn't write cheques) for 3 months after I opened an account when I started my first full time job (ie wages being paid into the account). Yet it was instant issue for someone at university with no income whatsoever.

quote:

Originally posted by mart p:
Hi all, i'm a newbie here and was wondering how the hell the young couple actually managed to get a £50000 mortgage let alone the £10000 loan being already £50000 in dept !!?
I am struggling to find a self cert mortgage as i have just started as a self employed taxi driver and have no accounts. Lenders want me to have a 10% deposit when i need a 100% mortgage like they managed to get and i only have a relatively small cc debt of £3000 ! Frankly i find it unbelievable that they can still borrow when i'm finding it tricky to find a lender and he was even unemployed ! Can somebody explain ? Am i missing something ? Is it because they have 'degrees' .

To be honest I think it will be more to do with her job than their Univerity status. He left University early, so does not have a degree. She however is a nurse, and qualified nurses are a premium in this country.

Your circumstances are very different. Unlike her, you have no provable income. When assesing income types, a self employed taxi driver with no accounts is not as good a bet as a nurse being paid a salary by the NHS.

The degree does not matter, it's what you do with it that counts!

Yes, if she's a nurse she's on at least £17K before shift bonuses (bank hols,nights etc) so she can easily get a £50K mortgage.

Probably moonlights as a Billy Piper look-a-like.

quote:

Originally posted by mart p:
Hi all, i'm a newbie here and was wondering how the hell the young couple actually managed to get a £50000 mortgage let alone the £10000 loan being already £50000 in dept !!?
I am struggling to find a self cert mortgage as i have just started as a self employed taxi driver and have no accounts. Lenders want me to have a 10% deposit when i need a 100% mortgage like they managed to get and i only have a relatively small cc debt of £3000 ! Frankly i find it unbelievable that they can still borrow when i'm finding it tricky to find a lender and he was even unemployed ! Can somebody explain ? Am i missing something ? Is it because they have 'degrees' .

It is because you are regarded as a bad financial risk to lend a large sum of money to Mart.
In the past no Bank or BS would lend to a self-employed person unless you could show 3 years Audited Accounts to the lender and even then it was difficult.
Ever heard of Actuaries? These are the people who assess the risk factor for lending money etc. (and other things).
Self Employed Taxi Drivers are in the 'high risk factor' for defaulting on mortgage repayments and Bankruptcy.

PS I don't have a Degree either but I am a Member of "The University of Life" and that is worth more than any piece of paper with a Degree stamped on it.
Mel.

quote:

Originally posted by cakehead:
Probably moonlights as a Billy Piper look-a-like.

Him or her?!

quote:

Reminds me of way back in my first job, the bank wouldn't give me a bank card (so I couldn't write cheques) for 3 months after I opened an account when I started my first full time job (ie wages being paid into the account). Yet it was instant issue for someone at university with no income whatsoever.

I had the same experience when I was twenty-something and applied for a car loan. The bank told me that if I waited for another three months they just might be willing to lend me up to £500. I said thanks very much and moved to another bank.