Another stupid bint
Discussion
I just don't believe it!
Another idiot has been parted from her money because she was looking for a quick buck and now wants goverment protection.
You took a gamble and lost. you didn't put it in a bank , or pension fund you tried to make money in property in a bubble. Believing that property only goes up. Do proper research and check your facts you stupid bint!
http://www.bbc.co.uk/news/uk-england-12207571
Another idiot has been parted from her money because she was looking for a quick buck and now wants goverment protection.
You took a gamble and lost. you didn't put it in a bank , or pension fund you tried to make money in property in a bubble. Believing that property only goes up. Do proper research and check your facts you stupid bint!
http://www.bbc.co.uk/news/uk-england-12207571
In principal, I agree - speculators can't expect "free money" for no risk.
However, the thing is 2 years late. Have the developers met their own contractual obligations?
My guess is that she loses deposit, PwC accept it and life moves on...
ETA "Murphy, it's you!"
However, the thing is 2 years late. Have the developers met their own contractual obligations?
My guess is that she loses deposit, PwC accept it and life moves on...
ETA "Murphy, it's you!"
Edited by Some Gump on Thursday 20th January 13:49
I'm afraid it's tough luck on this one. PwC as administrators are not going to allow people out of legally binding contracts since they have an obligation to continue to run the business in such a manner as to realise maximum cash to pay creditors.
The position is not really any different to someone being evicted from their house by a lender, being in negative equity and having to go bankrupt. Unfortunately, she's just never had the opportunity to live there before getting kicked out.
Any who exchanges contracts without having a mortgage already set up anyway?
The position is not really any different to someone being evicted from their house by a lender, being in negative equity and having to go bankrupt. Unfortunately, she's just never had the opportunity to live there before getting kicked out.
Any who exchanges contracts without having a mortgage already set up anyway?
Article said:
Miss Dyer agreed to buy the studio flat for £116,500, paying an £11,600 deposit when she exchanged contracts in 2006.
She said she wanted an investment for "her pension" and believed she was getting a bargain as was told by the seller it was worth £137,500.
If the seller thinks it is worth £137k then why isn't he selling it for £137k? alarm bells should have been going off right then.She said she wanted an investment for "her pension" and believed she was getting a bargain as was told by the seller it was worth £137,500.
Some Gump said:
In principal, I agree - speculators can't expect "free money" for no risk.
However, the thing is 2 years late. Have the developers met their own contractual obligations?
My guess is that she loses deposit, PwC accept it and life moves on...
ETA "Murphy, it's you!"
However, the thing is 2 years late. Have the developers met their own contractual obligations?
My guess is that she loses deposit, PwC accept it and life moves on...
ETA "Murphy, it's you!"
Edited by Some Gump on Thursday 20th January 13:49
PwC will probably not pursue for damages due breach of contract if the buyer can demonstrate they have very little or no assets. It's only worth suing people if they have the money to pay.This story has got more holes than swiss cheese.
"it was her first home", "she wanted it as her pension", "she bought it through an investment club"
This is another buy to let chancer squealing because they have been caught out by a falling market,there was one in the Irish papers recently with a flat in Dublin she paid 750,00 Euros for that is now worth about 250,000 Euros. It was everyone else but hers' fault that she had mortgaged her to the eyeballs to buy it.
That's the gamble some you win, some you lose.
"it was her first home", "she wanted it as her pension", "she bought it through an investment club"
This is another buy to let chancer squealing because they have been caught out by a falling market,there was one in the Irish papers recently with a flat in Dublin she paid 750,00 Euros for that is now worth about 250,000 Euros. It was everyone else but hers' fault that she had mortgaged her to the eyeballs to buy it.
That's the gamble some you win, some you lose.
Alfa numeric said:
Article said:
Miss Dyer agreed to buy the studio flat for £116,500, paying an £11,600 deposit when she exchanged contracts in 2006.
She said she wanted an investment for "her pension" and believed she was getting a bargain as was told by the seller it was worth £137,500.
If the seller thinks it is worth £137k then why isn't he selling it for £137k? alarm bells should have been going off right then.She said she wanted an investment for "her pension" and believed she was getting a bargain as was told by the seller it was worth £137,500.
Her situation is unpleasant certainly but she has no-one to blame but herself.
Sheeda Pmercfunder said:
This story has got more holes than swiss cheese.
"it was her first home", "she wanted it as her pension", "she bought it through an investment club"
This is another buy to let chancer squealing because they have been caught out by a falling market,there was one in the Irish papers recently with a flat in Dublin she paid 750,00 Euros for that is now worth about 250,000 Euros. It was everyone else but hers' fault that she had mortgaged her to the eyeballs to buy it.
That's the gamble some you win, some you lose.
^^^^^^^^^ Right on the money (unlike her "it was her first home", "she wanted it as her pension", "she bought it through an investment club"
This is another buy to let chancer squealing because they have been caught out by a falling market,there was one in the Irish papers recently with a flat in Dublin she paid 750,00 Euros for that is now worth about 250,000 Euros. It was everyone else but hers' fault that she had mortgaged her to the eyeballs to buy it.
That's the gamble some you win, some you lose.
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