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By KT, Fri 15 Sep 2006 at 11:48am 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!
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By ArthurP, Fri 15 Sep 2006 at 11:52am 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 ...
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By KT, Fri 15 Sep 2006 at 11:58am 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!
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By Matt, Fri 15 Sep 2006 at 12:02pm 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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By KT, Fri 15 Sep 2006 at 12:03pm 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!
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By ArthurP, Fri 15 Sep 2006 at 12:12pm 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 ^top
By Pip, Fri 15 Sep 2006 at 12:18pm 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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By KT, Fri 15 Sep 2006 at 2:06pm 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
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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.......
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