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Taylor Wimpey - advice please

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  • Taylor Wimpey - advice please

    Hi all,

    We have just been to look at a new build house by Taylor Wimpey.
    They are currently offering a scheme on them call "low cost".
    You buy the house at 75% of the market value but you own the house 100%.
    Does anyone know anything about this scheme and is there anything to worry about?

    Link below explains the scheme on their website

    http://www.taylorwimpey.co.uk/newhom.../lowcost-york/

    it also mentions this

    "the 75% price applies in perpetuity ie when each of the Low Cost homes is sold it will always be at 75% of the market value (as determined by two independent surveyors)."

    So does that mean when ever someone wants to buy it they have to buy it at 75% of the market value again?
    what happens to the other 25%?

    Thanks

    Mac

  • #2
    Re: Taylor Wimpey - advice please

    not sure about this one its new to me but there is a scam somewhere no doubt looks like when u sell it you cant make much if its worth more.

    barrret homes new buy scheme is a scam i mentioned in another post you put a low deposit and get a 30-40k loan off the goverment interest free for 5 years but they tell you dont pay the loan for 5 years and when the loan is due you could re mortgage and pay the loan off but what they dont tell people is in 5 years time you wont have enough equity to pay that loan and also you would then be paying your mortgage and an expensive loan with interest


    BE CAREUL OF NEWBUY SCHEMES AND FIRSTBUY LOOK AT THE SMALLPRINT THEY ARE SUCKERING PEOPLE IN AND IN THE LONG RUN THE BUYER LOSES.... HOUSE PRICES CALL DIP BIG IF INTEREST RATES GO UP

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