Is it possible
- Thread starter Cuchilo
- Start date
Page may contain affiliate links. Please see terms for details.
Welsh wheels
Lycra king
- Location
- South Wales
Alright, Lord Lucan?
glasgowcyclist
Charming but somewhat feckless
- Location
- Scotland
I expect disappearing is the most difficult aspect of that.
Welsh wheels
Lycra king
- Location
- South Wales
I suspect it wouldn't be much of a life after that, always looking over your shoulder.
Drago
Legendary Member
- Location
- Suburban Poshshire
If you do your own conveyancing, then theoretically yes.
Accy cyclist
Legendary Member
- Location
- The hills of Accrington
Going off topic,but a similar question. A couple have a house on the Thames worth 3.5 million pounds. They couldn't sell it so decided to raffle it at £25 a ticket. According to the report they haven't sold enough tickets to meet the value of the house,so they're just going to give a cash prize to the eventual winner instead. Surely they have to give the house to the winner,even if they don't make 3.5 million or over in ticket sales?
Edit...But then couldn't they just say there was a winner who wanted to remain anonymous,and pay someone to live in the house,pretending to be that winner? Mmmm,this is so confusing.
Edit...But then couldn't they just say there was a winner who wanted to remain anonymous,and pay someone to live in the house,pretending to be that winner? Mmmm,this is so confusing.
Last edited:
But wouldn't the bank own the house once the mortgage is defaulted on . Although i guess the seller wouldn't care about that side of things .
I like Skol
A Minging Manc...
- Location
- Sunny Ashton-under-Lyne
There should be some legal small print somewhere (unless they are also complete idiots) detailing what will happen in the event of ticket sales not reching a required amount. This isn't the first time it has been done and subsequently cancelled.Going off topic,but a similar question. A couple have a house on the Thames worth 3.5 million pounds. They couldn't sell it so decided to raffle it at £25 a ticket. According to the report they haven't sold enough tickets to meet the value of the house,so they're just going to give a cash prize to the eventual winner instead. Surely they have to give the house to the winner,even if they don't make 3.5 million or over in ticket sales?
Edit...But then couldn't they just say there was a winner who wanted to remain anonymous,and pay someone to live in the house,pretending to be that winner? Mmmm,this is so confusing.
Beebo
Firm and Fruity
- Location
- Hexleybeef
The purchase money goes via the bank, so they have first dibs on the cash, they deduct their bit and release the balance. It would be very odd to pay the purchase money to the seller direct.
Befoe the banking crash, when mortgages were like water, the easiest way to commit fraud was to find youself a friendly solicitor and surveyor, then apply for 100% mortgages in a false name on property that either didn't exist or was grossly over valued, then just do a bunk,
Befoe the banking crash, when mortgages were like water, the easiest way to commit fraud was to find youself a friendly solicitor and surveyor, then apply for 100% mortgages in a false name on property that either didn't exist or was grossly over valued, then just do a bunk,
Accy cyclist
Legendary Member
- Location
- The hills of Accrington
According to the report,if they don't give the house to the raffle winner they could be fined £5000 or face 51 weeks in jail. If that's so it's not bad considering what they'll gain.
Beebo
Firm and Fruity
- Location
- Hexleybeef
http://www.gamblingcommission.gov.u...17/Dont-take-a-gamble-raffling-your-home.aspx
@Accy cyclist You can read all about it here. The gambling commission take a very close interest in these things.
Accy cyclist
Legendary Member
- Location
- The hills of Accrington
[QUOTE 5224635, member: 45"]What will they gain?[/QUOTE]
They'll keep the house...i think?
They'll keep the house...i think?
roadrash
cycle chatterer
- Location
- sitting on the edge of wigan pier
cant help with the question , but......we have just sold our house........the council will go mental when they find out
srw
It's a bit more complicated than that...
The only way you could do it was to persuade the buyer to give you cash. Which, given money laundering regulations these days, would be just about impossible unless your buyer were willing to commit a criminal offence too. In which case you'd have both the law and an angry crook on your trail.
