warn
Member of DD Central
Curmudgeon
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Post by warn on Aug 28, 2016 7:00:16 GMT
Couple of rooms to knock down, plant a few bushes, all done in three months. Might cost a few bob - DFL005?  |
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lofty
Posts: 101
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Post by lofty on Aug 28, 2016 7:15:52 GMT
"there is a potential buyer who is willing to exchange subject to various modifications of certain aspects of the property" - SS Overview I wonder if this 100sq m was part of the various modifications? Did the potential buyer request the extra space and the builder just promised them it would be ok (naughty builder). Or had the buyer spotted the plans and the build were different and the modification they wanted was to make it legal? I wonder if the purchase will now go through? If not, I'd quite like to live there - anyone lend me about 4 million quid? |
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
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Post by cooling_dude on Aug 28, 2016 9:07:08 GMT
"there is a potential buyer who is willing to exchange subject to various modifications of certain aspects of the property" - SS Overview I wonder if this 100sq m was part of the various modifications? Did the potential buyer request the extra space and the builder just promised them it would be ok (naughty builder). Or had the buyer spotted the plans and the build were different and the modification they wanted was to make it legal? I wonder if the purchase will now go through? If not, I'd quite like to live there - anyone lend me about 4 million quid? After the conditions are met, I'm pretty sure the property won't be worth £4m anymore. I wonder if the borrower has the funds available to carry out the required works...
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MarkT
Member of DD Central
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Post by MarkT on Aug 28, 2016 9:22:57 GMT
And there are quite a few properties in the area for less than £3m for a prospective buyer to choose from.
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ianj
Member of DD Central
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Post by ianj on Aug 28, 2016 10:51:20 GMT
And there are quite a few properties in the area for less than £3m for a prospective buyer to choose from. Yes. That could well include a semi-detached house in Great Bookham, just a stone's throw away, that's available now might be completed a some point soon in the future! 
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Post by dualinvestor on Aug 28, 2016 10:56:06 GMT
And there are quite a few properties in the area for less than £3m for a prospective buyer to choose from. I think it might be a tad early to speculate on the eventual outcome, given that the last sale in the postcode was over 3 years ago and happens to be the very same property subject to the security. An area of very individual properties. One thing we do know however is that the loan is now overdue.
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stokeloans
Member of DD Central
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Post by stokeloans on Aug 28, 2016 19:28:01 GMT
about 100 sq metres to be demolished if I'm reading that correctly Sitting room,garden room and part of a bedroom to be demolished. How do you demolish part of a room
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lofty
Posts: 101
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Post by lofty on Aug 28, 2016 21:29:43 GMT
about 100 sq metres to be demolished if I'm reading that correctly Sitting room,garden room and part of a bedroom to be demolished. How do you demolish part of a room Try hosting a kids birthday party!
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Post by martin44 on Aug 28, 2016 21:49:46 GMT
Sitting room,garden room and part of a bedroom to be demolished. How do you demolish part of a room Try hosting a kids birthday party! Or a ladies hen night.
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ablender
Member of DD Central
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Post by ablender on Aug 29, 2016 14:14:54 GMT
Try hosting a kids birthday party! Or a ladies hen night. No, both these situations will result in a complete demolish. I suggest just put a large patio door in what remains. (Hope it is ground floor.)
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Post by martin44 on Sept 2, 2016 7:10:07 GMT
I do wish savingstream would update this loan appropriately with regards to the latest Retrospective planning outcome and the resulting visit of their "planning expert" . |
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Post by dodgeydave on Sept 2, 2016 8:02:03 GMT
Hopefully when they do update it will be factual. Rater than the hit and miss updates on other loans we seem to get
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Post by dualinvestor on Sept 2, 2016 8:11:00 GMT
Hopefully when they do update it will be factual. Rater than the hit and miss updates on other loans we seem to get I would say from past experience that is more in hope than expectation.
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stevio
Member of DD Central
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Post by stevio on Sept 2, 2016 8:24:36 GMT
Sorry, cop out I know, I don't have time to read through 13 pages - would someone be kind enough to summarize the issue with this loan and why there is such a large amount on the SM?
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SteveT
Member of DD Central
Posts: 6,875
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Post by SteveT on Sept 2, 2016 8:27:19 GMT
Sorry, cop out I know, I don't have time to read through 13 pages - would someone be kind enough to summarize the issue with this loan and why there is such a large amount on the SM? Read the loan update on the SS website
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