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Im surprised you're not involved with Care Homes. Lots of money to be made exploiting old and vulnerable people, seems right up your street.
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One thing you can't do is argue with simple arithmetic and there are a hundred billion reasons why you are talking nonsense about austerity.
Did you mean this to be ironic? I don't think you did, did you? |
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Do the words budget deficit mean anything to you luddite?
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Lots of money to be made exploiting old and vulnerable people
One man's view of a chance to exploit people, is seen by a better man as an opportunity to help other people. You obviously only see profit in the exercise. You're what they call ''the wrong type'' for that kind of work. They wouldn't give you a license. |
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Dr Crippen
'There are many reasons why a property can't be sold. One reason could be that it's on a lease and not have many years left. Try and get out of that.' Wrong! Properties with not many years left on the lease CAN be sold, they are simply worth less than if they had a long lease. They are not unsaleable. You can't mortgage it so it can only be sold to a cash buyer. Make your mind up, in the last message you said they can't be sold! Wrong! They are normally cash buyers, but they can often be mortgaged depending on the length left on the lease, length of mortgage, LTV and other considerations. |
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Stroll on Jack talk about misunderstanding a post.
If there are no buyers you can't sell it regardless. Get it now? You still misunderstood even after this. [b]You can't mortgage it so it can only be sold to a cash buyer.[/b You need to sharpen up your act mate. |
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A property with 60 years or under on the lease will have difficulty finding a lender. Even with special rates.
I don't know the exact cut off point I've never been in that position. A buyer should be wary of any property with less than 80 years left on the lease. And an extension to the lease should be sought immediately if the deal goes through. The longer it is left the more expensive it becomes, and the harder it is to sell until it is extended. Until you get to the point where a mortgage can't be obtained. Cash buyers only. |
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Oops I've done it again.
Cash buyers only. For Jack: Should be - Then it's cash buyers only. |
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You are digging yourself into a hole.
Why not just accept that all property has a price. Property doesn't have to be mortgageable to be able to be sold. You probably should have accepted my straightforward reply to your assertion. 'I don't know the exact cut off point I've never been in that position.' There isn't an exact cut off, it is up to the lenders. A buyer should be wary of any property with less than 80 years left on the lease. And an extension to the lease should be sought immediately if the deal goes through. Wrong, you can't apply for an extension within 2 years of purchase. |
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Of course it should be to extend it immediately you are able to.
Of course there is a definite cut off point for every company where a mortgage can't be obtained, do you think lenders are stupid or something? Property doesn't have to be mortgageable to be able to be sold. Nobody said it had to be sold on a mortgage. Why are you trying to score petty points out of everything I write? Are you staking me or just got your arse in your hand today? |
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It sounds like you're sitting on a lemon to be honest Jack.
You've bought a dud and you can't sell it. |
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You blithely make statements that are wrong.
You are pulled up on them. You don't like your errors pointed out to you. You are rude. You come over as the big man, twist what was written and try distraction techniques. You then go on the offensive. And, in a final attempt to salvage some credibility you try make some sort of point by taking a stab in the dark that is completely wrong, making you come over as an even bigger fool. Bye! |
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So you were stalking me.
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