New Posts For Thread: sowerby bridge house purchase (iinvestment)https://community.betfair.com/tradefair__financials/go/thread/view/94198/23725938/sowerby-bridge-house-purchase-iinvestmentAnyone familiar with this neck of the woods? Myself and a pal put 10% deposit down on a 5 bedroom detached house after viewing the plans. We put the deposit down in late 2006. The houses were due to be ready in 2008. The plan was to flip the contractI havent been to Sowerby Bridge since the early 80's 37226 on 1E57 Blackpool-Sheffieldhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23725938/sowerby-bridge-house-purchase-iinvestment?post_id=425963482#425963482I havent been to Sowerby Bridge since the early 80's 37226 on 1E57 Blackpool-SheffieldMon, 25 Jan 2010 10:54:51 -0600MOzzerYou wikll not be able toget the finance to purchase the property any way will you?Seems you do not have any options. you will not be able to complete and will lose your 10% deposit.I presume that you are legally obliged to buy property, becaushttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23725938/sowerby-bridge-house-purchase-iinvestment?post_id=425963462#425963462MOzzerYou wikll not be able toget the finance to purchase the property any way will you?Seems you do not have any options. you will not be able to complete and will lose your 10% deposit.I presume that you are legally obliged to buy property, becausMon, 25 Jan 2010 03:39:05 -0600Shab the similar development I mentioned....houses are selling/for sale for 330k having hit 400k. I am not living in UK so can only go by local estate agents.https://community.betfair.com/tradefair__financials/go/thread/view/94198/23725938/sowerby-bridge-house-purchase-iinvestment?post_id=425963434#425963434Shab the similar development I mentioned....houses are selling/for sale for 330k having hit 400k. I am not living in UK so can only go by local estate agents.Sun, 24 Jan 2010 14:01:40 -0600In all seriousness if you can't handle the next 2-3 years of volatility (be it in interest rates rises, job insecurity) I would get rid as soon as possible and take the hit. Things will of course pick up, but it might take 5-10 years, can you handlehttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23725938/sowerby-bridge-house-purchase-iinvestment?post_id=425963426#425963426In all seriousness if you can't handle the next 2-3 years of volatility (be it in interest rates rises, job insecurity) I would get rid as soon as possible and take the hit. Things will of course pick up, but it might take 5-10 years, can you handleSun, 24 Jan 2010 11:06:33 -0600Similar development were being sold for 350kplus at the time I put down deposit. The relevant point you have omitted is what they are selling for now.https://community.betfair.com/tradefair__financials/go/thread/view/94198/23725938/sowerby-bridge-house-purchase-iinvestment?post_id=425963418#425963418Similar development were being sold for 350kplus at the time I put down deposit. The relevant point you have omitted is what they are selling for now.Sun, 24 Jan 2010 09:59:29 -0600Anyone familiar with this neck of the woods? Myself and a pal put 10% deposit down on a 5 bedroom detached house after viewing the plans. We put the deposit down in late 2006. The houses were due to be ready in 2008. The plan was to flip the contracthttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23725938/sowerby-bridge-house-purchase-iinvestment?post_id=425963394#425963394Anyone familiar with this neck of the woods? Myself and a pal put 10% deposit down on a 5 bedroom detached house after viewing the plans. We put the deposit down in late 2006. The houses were due to be ready in 2008. The plan was to flip the contractSun, 24 Jan 2010 04:49:00 -0600