1.46%

Can anyone explain this 1.46 rate taray offers and has anyone approached taray about offering this rate on the balance.

                         Cheers                     Chris and Shirley

I am surprised there has been no reply to this. I know nothing about it, can anyone offer any info?

Not sure what can be done about the euro, When secured my Quad on phase two last year I was told that Taray use 1.46 euros to the pound. Example if the Quad was 198000.00 euros it was worth £135616.35 pounds. If I was rquired to pay for my Quad today it would cost me £185000.00. Which would result in Taray making a £50000.00 profit just on the euro. You could say its swings and roundabouts,some you win some you lose. But if I was to try for a morgage on the property I don't  think they would value it at the higher cost. I would the only ones who can help are Taray. They could stick to the rate of 1.46 or  agree to a more relistic rate.

Agree with you Rounders , Joaqin gave me mine @ 1.46.

      Kevin.

Hello all,

We got ours at 1.45!

Can someone send me Joaquin's e.mail address and contact number?

Thanks

Not sore what you mean got yours at 1.45. My 1.46 is down payment the final payment will be at the exchange rate on completion, Taray say to all buyers 1.46 or around that mark, What we need on phase Two is a completion date. ( all sorts of dates being banded about, June 2009. October 2009. Could be 2010 ) Taray  t0 be preparded to talk ,regarding the final payment rate, or they could lose buyers

mick

Not sore what you mean got yours at 1.45. My 1.46 is down payment the final payment will be at the exchange rate on completion, Taray say to all buyers 1.46 or around that mark, What we need on phase Two is a completion date. ( all sorts of dates being banded about, June 2009. October 2009. Could be 2010 ) Taray  t0 be preparded to talk ,regarding the final payment rate, or they could lose buyers

mick

Sorry for any confusion.  We were Phase 1 purchasers - key ready!

hope there is someway of securing a good exchange rate, as said if we use  todays rate our property has increased alot. We also need a big mortgage and I am worried the property will be worth less than we pay for it  and even if we will get a mortgage on it any advice appreciated

Hi everyone who is completing on Phase two, we are very confused about this thread!!

We are purchasing a townhouse on this phase due to complete not sure when!! hopefully this summer (July 09). Are you saying on completion Taray will offer you a rate of 1.45 - 1.46 for the final payment, as someone said earlier they will not get a morgage on their property that is not valued as much as the purchase price back in September 2007. 

Taray will lose many sales as people can now not afford the properties on this phase due to the current value of the Euro. 1 for 1.

Look forward to hearing from you all

Jane and Lee 

Jane & Lee

I think you are missing the point. What I was saying, when I went out to look & buy my Quad in 2007. In the sales office the 1.46 euro rate was used to convert into pounds so that buyers are aware what the cost was in pounds. Example Quad at 198000.00 euros was worth £136000.00 pounds,  If my final payment  was today ( T0 DAYS RATE 1.07 ) the cost in pounds would be £185000.00. Regardig Taray what I was saying is that the buyers on phase Two as a group could ask Taray for a more relistic exchange rate. To be fair to Taray thay are only asking for what was agreed. The proplem is with the exchange rate.

Mick

Thats right Mick,but as you said earlier in a post Taray are NOT making £50000.00per house,because its down to the exchange rate,its costing you that much more because of the weak pound,If Taray fixed the price for the whole purchase payment of the house it would make it cheaper than the one i presently own,as when we first bought we got the rate of 1.46 on the deposit,but then the pound slumped and on compleation we only got 1.23,which is good by todays standards.Let me know if the rate is fixed at 1.46 throught,because id consider buying another property in SC,its a wonderfull place to live.

It would be great if Taray gave us a rate of 1.46 but....

When we bought our properties we agreed a price in Euros, it's our problem that the rate has took a dive not Taray's.

Surely the only way that Taray could guarentee a rate of 1.46 would be for us to pay in sterling and let them suffer the loss, to use Mick's example we would pay £136000 (198000 Euros at 1.46), which means Taray only get 145520 Euros at a rate of 1.07 and I can't see that happening.

Also we have to take out a mortgage on our property, which will take about 20 years to pay back, hopefully during this time the rate will increase and we will only transfer money when the rate is favourable and we have enough funds to do it, we haven't got to convert the whole balance now at today's rate.

A suggestion would be that Taray find some way of negotiating a rate on the balance that we have to pay on completion, which in our case is about 23000 Euros, I don't know if this can be done.

Alan

I think we are all in the same boat here.

I am going to SC mid Feb to try and sort things out with Taray just to see what options they may have for us.  The extra 30k required is just gonna be too much for us and may just result in us having to pull out of the deal all together with the penalty of losing our deposit and more.

With any luck Taray have a realistic solution but equally i think i'll have to be realistic too they are trying to run a business after all.