05 Aug 2011 4:07 PM:

....Most of the buyers who took inflated mortgages knew what they were doing.... that is not entirely true

I bought apartment because I wanted holiday place.  Unfortunately I relied on friend's father to guide me and ended up with expensive apartment (I know more money then sense- former not true, later now too late).

Banks definitely overvalued the property. Had I known that at that time I would not have gone ahead.  Now I can't rent it, sale it or give it back to the bank for fear of UK litigation.  friend'a father? he got his commission, wanted to borrow another 40,000/- from me. When said NO - you know the score--- Later I learned I was the only client he had.  Yes he is Englishman---

Jasmilu

Thread: Hand the keys in and walk away? No chance!

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