Golden1951
Registered User
- Messages
- 36
it is not our fault that house prices have dropped considerably
swapping houses means exactly what it says we swap our house for a house abroad loads of people doing it, they take our house and we take there of course the property has to be of the same value but if we have a charge on our house then we cant do it. keep up with the times loads of people are doing this.
swapping houses means exactly what it says we swap our house for a house abroad loads of people doing it, they take our house and we take there of course the property has to be of the same value but if we have a charge on our house then we cant do it. keep up with the times loads of people are doing this.
keep up with the times loads of people are doing this.
Whats the difference between swapping and you buying their house and them buying your house ?
I enquired about this some years ago when stamp duty was a lot higher.
I had a small three bed semi and needed a bigger house with a reasonable garden.
An elderly couple on a nearby road had a big 4 bed semi with a garage and good size gardens and wanted to trade down to an easier to manage home.
They wanted to swop, with me paying an additional amount, as their house was more valuable.
The legal advice I got at the time was you cannot simply swop, I would have to sell my house to them, and they would have to sell their house to me and we would both incur the usual legal fees, stamp duty etc.
The bank made mistakes and got bailed out by the taxpayer. Shouldn't the bank pass on some of that "free money" ?
Is there no effort by any bank at debt-forgiveness?
Is the only option by the borrower to go insolvent ?
I'm a bit surprised by the comment:
"It's not the bank's fault that the value of your investment dropped. You made an investment, it didn't turn out well, you must pay."
The bank made mistakes and got bailed out by the taxpayer. Shouldn't the bank pass on some of that "free money" ?
Is there no effort by any bank at debt-forgiveness?
Is the only option by the borrower to go insolvent ?
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