<rant> This evening I are mostly hating bankers

even more than I hated them this morning!

This a.m. a letter from my bank - apparently I am 1 month
in arrears with a business loan repayment!

Oh no I'm not!

January I spoke to them and told them I was moving the
standing order from 29th of month to 5th of following
month, as a lot of customer are now not paying on time by
BACS, but late by 'cheque in the post'

No Problem, they said.

This month they took a second payment for "arrears from
January" Cheeky feckers! - a phone call sorted this, and
to give them their due, the money was back in the account
within the hour.

Then this afternoon a visit to the estate agent to put
house sales 'Plan C' to them.

House valued by 2 agents at 140k, 3rd at "140k but 130 to
be realistic"
So we put it up for £125k

Bigest problem in house sales is *minimum* 10% deposit

Plan C was to increase the price to 130k and offer £10k
'gifted deposit' so a buyer would only need £3k deposit.

No Can Do! It's not illegal, but banks/BS's will
immediately drop the valuation by £10k!

Not only but also, even if the buyers beg/borrow/steal
sufficient deposit from, say, Bank of Dad, Bank Of Grandma,
& Bank Of Auntie, - if the deposit is not demonstrably
coming from the buyers own savings, the bastards now
require written confirmation from the source of these funds
that the benefactor does not require repayment and that the
money is a gift!


--
Rob_P
UKRM(at)indqualtec.co.uk
uppercase(d) BBIWYMC#1 BOG#11? MRO#31 IBCDBBB#1(kotl)
FJ1200, CCM130 Benelli Cabriolet (gone)
Looks like Rab C Nesbit.

 

Don't see why that's a problem. The days of 100% mortgages to anyone
with a pulse are long gone and the banks are now covering their arses
in case prices drop further.

That's because you're trying to scam the bank by claiming that a 120k
transaction is actually a 130k transaction and trying to get them to
lend against a false,inflated valuation.

 

Yes and all that needs to be done is pay it from a savings account in your
own name. No biggie.

Everything going towards dragging prices back towards 4 times earnings is a
good thing shirly.

 

How so? Presumably people have to be able to budget long *before*
taking on such a substancial debt as a mortgage.

 

You're trying to make sense out of a posting by dope so you'll never be
able to grasp it.

 

10% of the value of a 2-bed flat round this way is about 30 grand.
That's a lot of wedge to save up while also paying the rent, especially
when the rent and the cost of a mortgage aren't so very far apart.

 

That sounds perfectly sensible to me. No wonder you object.

 

Indeed it is down there, so just rent, like you do. It's the sensible
option for where you live.

He's complaining about a 125k house, in the wilds of nottinghamshire.

 

Good point, well made.

 

Well, yes, but he's a tedious git and it's all about me really. So talk
about me, me, me me me.

 

Why do you bother answering? The man is clearly a fuckwit by his own
admission.

 

OK. You're too much of a fucking pansy to get out there and do a bit of
armed robbery and snatch the deposit.

 

Ooo look we agree on something

 

That's a little unfair. Successive govmints hoodwinked the hoi poloi into
believing they were wealthy and could buy property

 

Won't happen again Sir!

 

And this is a surprise why?

BTW if you can't work a way around that then you're dimmer than a
treacle covered glo-worm.

 

Well you are right however I'd disagree quite fundamentally with the *why*
of all this. It's all driven by so called Money Laundering regulation,
ostensibly to prevent crime and terrorism. That's tosh, it's about a marxist
mindset that all money belongs to the State and you only have a right to
what they think you need. Money, wealth, is personal. The State should have
no right of knowledge or interference with your space. the State has a
responsibility to combat crime and terrorism, that should be done by
discovering who is involved and targetting them, NOT by border line
criminalising the entire population.

 

A bit like this:

http://www.expressandstar.com/news/2011/03/19/jail-for-surveyor-in-3m-eva
luation-con/

 

Unless, perhaps, you were loaned the money by someone else, who *may*
try and place a charge on your assets should you chose to not repay them.

The very fact that money which is 'demonstrably from the buyer's own
savings' is acceptable seems to be something of a fly in your marxist
state ointment.

--
Catman MIB#14 SKoGA#6 TEAR#4 BOTAFOF#38 Apostle#21 COSOC#3
Tyger, Tyger Burning Bright (Remove rust to reply)
116 Giulietta 3.0l Sprint 1.7 GTV TS GT 3.2 V6
Triumph Sprint ST 1050: It's blue, see.
#www.cuore-sportivo.co.uk

 

SNIP

Negotiate a 5% deposit.

The guy who bought my place in Kent asked if 5% was OK and via my
solicitor, I agreed.