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Talk / Life / Money / Win a House

By KT, Fri 15 Sep 2006 at 11:48am 
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I've just heard that a Woman is selling her £130k house buy selling 6000 tickets for £25 each. The lucky winner will win her house!


Good idea? Discuss!

    ^top

Re: Win a House

By ArthurP, Fri 15 Sep 2006 at 11:52am 
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she must own it outright (ie not mortgaged) in order to do that.

still someone gets a house for 25 quid so ... why not ?

as long as it goes to some first time buyers are whatever ...

    ^top

Re: Win a House

By KT, Fri 15 Sep 2006 at 11:58am 
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ArthurP wrote:

she must own it outright (ie not mortgaged) in order to do that.

still someone gets a house for 25 quid so ... why not ?

as long as it goes to some first time buyers are whatever ...



I totally agree, but she is getting 150k for her 130k house!!

Sounds like a good idea to me, not sure where you would stand on this if you did have a mortgaged!

    ^top

Re: Win a House

By Matt, Fri 15 Sep 2006 at 12:02pm 
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KT wrote:


I totally agree, but she is getting 150k for her 130k house!!



not unless she sells all 6000 tickets.

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Re: Win a House

By KT, Fri 15 Sep 2006 at 12:03pm 
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Matt-0 wrote:

KT wrote:


I totally agree, but she is getting 150k for her 130k house!!



not unless she sells all 6000 tickets.



Yeah I know

but I'm assuming this is made clear in the T&C's of the ticket, that the draw wont happen till all 6000 are sold!

    ^top

Re: Win a House

By ArthurP, Fri 15 Sep 2006 at 12:12pm 
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KT wrote:



Sounds like a good idea to me, not sure where you would stand on this if you did have a mortgaged!



you'd just need to generate enough to cover your old mortgage and get a new house. I can't see a lender being worried about how you get the money

Edited Fri 15 Sep 2006 at 12:12pm

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Re: Win a House

By Pip, Fri 15 Sep 2006 at 12:18pm 
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this isn't a new idea. there was a guy did the same a year or so ago but his tickets were about £500, and his house was worth quite a lot of money.

i can't remember how it turned out in the end.

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Re: Win a House

By KT, Fri 15 Sep 2006 at 2:06pm 
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KT wrote:

I've just heard that a Woman is selling her £130k house buy selling 6000 tickets for £25 each. The lucky winner will win her house!


Good idea? Discuss!



Here is you're chance


Clicky

    ^top

Re: Win a House

By steaminhaggis, Fri 15 Sep 2006 at 6:41pm 
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It's not actually a new idea, it was first done about a year ago and has been copied a couple of times since.......

    ^top



 

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