kermie
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Post by kermie on Aug 18, 2016 21:10:14 GMT
Curiously there appears to be about 80k on sale, but only a queue of about 60k. So 20k being held/sold by SS themelves?
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Post by martin44 on Aug 18, 2016 21:15:41 GMT
Strangely, this loan has suddenly become attractive  No accounting for folks. edit. seems over £30.000 sold in the last hour or so. |
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kermie
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Post by kermie on Aug 18, 2016 21:21:23 GMT
Strangely, this loan has suddenly become attractive No accounting for folks. I'm fully in support of the £20k purchase by k******7 a few minutes ago. Happy to see many more folks like that help me out... :-D
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jamesc
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Post by jamesc on Aug 18, 2016 21:32:35 GMT
seems particularly odd that 'certain modifications' were made specifically for a potential buyer - how odd another one glad to be out of (weird the way decent amounts of some loans appear on the SM only for bad news to appear sometime later) Actually you are very wrong many tens of 1000's were bought in PBL81 today with the amount for sale dropping down to the lowest level for ages and then when the SS update came other people added to the SM ( I would say weird for a decent amount of some loans to be bought from the SM only for bad news to appear sometime later ! ).
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Liz
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Post by Liz on Aug 18, 2016 21:45:46 GMT
Curiously there appears to be about 80k on sale, but only a queue of about 60k. So 20k being held/sold by SS themelves? Yes SS hold the £20k, some torag reneged on their purchase, never wired the funds and SS are left holding the loan. They also hold £30k of PBL35, £32k of PBL20, and some farmland.
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jimbob
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Post by jimbob on Aug 19, 2016 7:13:43 GMT
Curiously there appears to be about 80k on sale, but only a queue of about 60k. So 20k being held/sold by SS themelves? Yes SS hold the £20k, some torag reneged on their purchase, never wired the funds and SS are left holding the loan. They also hold £30k of PBL35, £32k of PBL20, and some farmland. Blimey, And I feel guilty when I forget to wire £200 over 
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treeman
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Post by treeman on Aug 19, 2016 13:21:41 GMT
Someone just took a £32k bite - my last bit is now gone |
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Post by martin44 on Aug 19, 2016 16:12:33 GMT
Someone just took a £32k bite - my last bit is now gone Yes, a big thank you to m********6 , helped me get out too.
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jonbvn
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Post by jonbvn on Aug 19, 2016 22:53:40 GMT
If the retrospective planning is refused I would assume the borrower has to demolish part of the property and would be unable to sell. In such a case are there legal grounds for misrepresentation by the borrower?
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Aug 19, 2016 22:55:54 GMT
If the retrospective planning is refused I would assume the borrower has to demolish part of the property and would be unable to sell. In such a case are there legal grounds for misrepresentation by the borrower? I would think there could be grounds to go after the surveyor for not doing the correct research...
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jonbvn
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Post by jonbvn on Aug 19, 2016 23:02:37 GMT
If the retrospective planning is refused I would assume the borrower has to demolish part of the property and would be unable to sell. In such a case are there legal grounds for misrepresentation by the borrower? I would think there could be grounds to go after the surveyor for not doing the correct research... I think you are correct, given that he does quote the planning applications in the valuation document. He should have quickly realised that the actual property was somewhat different from the approved plans. It is somewhat difficult to miss an extra 300 sq.m. 
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TitoPuente
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Post by TitoPuente on Aug 20, 2016 9:12:03 GMT
This mess underscores the alarming ineptitude of a non-trivial proportion of the surveyors, valuers, etc. that operate in the property market these days.
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MarkT
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Post by MarkT on Aug 20, 2016 9:22:04 GMT
Whilst everyone agrees this situation is far from ideal I think all may not be lost. In my limited experience, the planning process is very heavily weighted in favour of the applicant. The applicant has the right to appeal any refusal. On the other hand, objectors have no right of appeal for planning applications that are granted. Many Local Authorities are not keen on defending appeals in these cash strapped times and will bend over backwards to grant planning applications. It all depends on whether the LA believes an important principle is at stake that is worth the cost of defending an appeal. |
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Post by p2plender on Aug 20, 2016 10:35:51 GMT
Whilst everyone agrees this situation is far from ideal I think all may not be not lost. In my limited experience, the planning process is very heavily weighted in favour of the applicant. The applicant has the right to appeal any refusal. On the other hand, objectors have no right of appeal for planning applications that are granted. Many Local Authorities are not keen on defending appeals in these cash strapped times and will bend over backwards to grant planning applications. It all depends on whether the LA believes an important principle is at stake that is worth the cost of defending an appeal. Too true, especially given what I see around me. You can do what you want so long as you have a supply of brown envelopes. Will be a satisfactory outcome with 081 for sure.
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ablender
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Post by ablender on Aug 20, 2016 16:08:23 GMT
It is interesting to note that currently there is more (in absolute value) of PBL81 on the SM than the defaulted PBL20. (c.£130k vs c.£119k)
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No accounting for folks.
