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Old 30-09-2016, 21:36
SULLA
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Yes I know it will not exist.

However, she can only afford a deposit. How would the part time barmaid pay a mortgage and the other bills ?

Shouldn't she have an agreement for a mortgage ?

Come to think of it. How does David ( It's my house) Platt pay his mortgage and all the other bills ?
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Old 30-09-2016, 21:38
Mark_Washingto1
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Yes I know it will not exist.

However, she can only afford a deposit. How would she pay a mortgage and the other bills ?

Shouldn't she have an agreement for a mortgage ?

Come to think of it. How does David ( It's my house) Platt pay his mortgage and all the other bills ?
David doesn't have a mortgage, remember Lewis stole Gail's money from the sale of the house and gave it to Audrey, then she gave it to David to buy the house.

As for Sarah who the hell knows. Does she even still work at the Rovers?
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Old 30-09-2016, 21:41
soap-lea
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David doesn't have a mortgage, remember Lewis stole Gail's money from the sale of the house and gave it to Audrey, then she gave it to David to buy the house.

As for Sarah who the hell knows. Does she even still work at the Rovers?
She went in tonight to ask for hrs!

But I have heard David say about paying the mortgage before I am sure. Maybe I am wrong
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Old 30-09-2016, 21:42
Ex Pat
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Yes I know it will not exist.

However, she can only afford a deposit. How would the part time barmaid pay a mortgage and the other bills ?

Shouldn't she have an agreement for a mortgage ?

Come to think of it. How does David ( It's my house) Platt pay his mortgage and all the other bills ?
Its beyond farcical.
Putting down the deposit, if only on paper at this stage, before talking to her bank.
It must be tough enough existing on a bar persons wage as it is, what with Bethany and liccle Harry to feed and clothe.
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Old 30-09-2016, 21:44
Mark_Washingto1
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She went in tonight to ask for hrs!

But I have heard David say about paying the mortgage before I am sure. Maybe I am wrong
Oh no, I haven't seen the episode yet...you've gone and ruined it for me now

But seriously I doubt she could afford an apartment working as a part time bartender. Look at Sean he works there and factory and still can't afford his own place.

As for David I think he might have taken out a loan to build Gail's in-law suite.
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Old 30-09-2016, 21:50
kitkat1971
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I'm pretty sure that Audrey gave David and Kylie the money they needed for the deposit - they had a mortgage for the rest which they probably could manage together as they were both working plus i think Gail paid rent.

I've just commented about Sarah (and Alex and Shariff) over on another forum. They are all behaving as though they need the 'reservation fee' and that's it- the flat is paid for. They will still need a mortgage - for the bank to agree to lend them the money (increasingly hard these days) and to actually have the income to pay it back each month for the next 25 years. A barmaid and part time cafe worker are going to manage that? Shariff has assets so maybe he is borrowing against them but there is no way he'd get a mortgage given he is in his 60s - stats say he'd be dead before it came to term. A friend of mine is having problems getting approved for a mortgage at the age of 45 because he'll past retirement age before completion fgs.
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Old 30-09-2016, 22:11
Soapster1
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And £15k is a lot as a holding deposit. It just makes it really silly as no one would have £15k lying around to put down on an apartment that will take at least a year to build. £5k maybe.
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Old 30-09-2016, 22:18
broadshoulder
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Yes I know it will not exist.

However, she can only afford a deposit. How would the part time barmaid pay a mortgage and the other bills ?

Shouldn't she have an agreement for a mortgage ?

Come to think of it. How does David ( It's my house) Platt pay his mortgage and all the other bills ?
Surely the most ridiculous thing about a great story so far....
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Old 30-09-2016, 22:47
James_Langan
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I'm pretty sure that Audrey gave David and Kylie the money they needed for the deposit - they had a mortgage for the rest which they probably could manage together as they were both working plus i think Gail paid rent.

I've just commented about Sarah (and Alex and Shariff) over on another forum. They are all behaving as though they need the 'reservation fee' and that's it- the flat is paid for. They will still need a mortgage - for the bank to agree to lend them the money (increasingly hard these days) and to actually have the income to pay it back each month for the next 25 years. A barmaid and part time cafe worker are going to manage that? Shariff has assets so maybe he is borrowing against them but there is no way he'd get a mortgage given he is in his 60s - stats say he'd be dead before it came to term. A friend of mine is having problems getting approved for a mortgage at the age of 45 because he'll past retirement age before completion fgs.
Do the stats say anything about the chances of being unemployed before the first mortgage payment is made.
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Old 30-09-2016, 22:52
SULLA
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David doesn't have a mortgage, remember Lewis stole Gail's money from the sale of the house and gave it to Audrey, then she gave it to David to buy the house.

As for Sarah who the hell knows. Does she even still work at the Rovers?
I'm pretty sure that Audrey gave David and Kylie the money they needed for the deposit - they had a mortgage for the rest which they probably could manage together as they were both working plus i think Gail paid rent.

I've just commented about Sarah (and Alex and Shariff) over on another forum. They are all behaving as though they need the 'reservation fee' and that's it- the flat is paid for. They will still need a mortgage - for the bank to agree to lend them the money (increasingly hard these days) and to actually have the income to pay it back each month for the next 25 years. A barmaid and part time cafe worker are going to manage that? Shariff has assets so maybe he is borrowing against them but there is no way he'd get a mortgage given he is in his 60s - stats say he'd be dead before it came to term. A friend of mine is having problems getting approved for a mortgage at the age of 45 because he'll past retirement age before completion fgs.
I was under the impression that Platt took on Gail's mortgage
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Old 30-09-2016, 22:55
malspie
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Did you all miss the phone call she had from Stephen in Canada telling her she had come into some money? That's when she decided to buy one of the non-existent apartments. Don't know the exact details because I wasn't really listening properly.
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Old 30-09-2016, 23:03
paulinejones
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Did you all miss the phone call she had from Stephen in Canada telling her she had come into some money? That's when she decided to buy one of the non-existent apartments. Don't know the exact details because I wasn't really listening properly.
Yes but the phone call said Stephen would buy her shares for 15000, so she only has the money for the deposit!
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Old 30-09-2016, 23:05
Belligerence
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Did you all miss the phone call she had from Stephen in Canada telling her she had come into some money? That's when she decided to buy one of the non-existent apartments. Don't know the exact details because I wasn't really listening properly.
The same Stephen who sacked her? Blimey, he's generous.
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Old 30-09-2016, 23:07
soap-lea
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The same Stephen who sacked her? Blimey, he's generous.
She said he gave her shares in the company every xmas and birthday
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Old 30-09-2016, 23:08
FusionFury
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David is some big shot but he hardly makes a mint !
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Old 30-09-2016, 23:08
kitkat1971
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And £15k is a lot as a holding deposit. It just makes it really silly as no one would have £15k lying around to put down on an apartment that will take at least a year to build. £5k maybe.
When i bought a new build house from plans, the deposit was 100 quid. They did want contracts to be exchanged as soon as possible (i think it was about 6 weeks later) so i was legally tied in but they didn't get any more money until completion about 6 months later, at which stage the house had been built.

I find it hard to believe anybody would be naive enough to hand 15k over for a project where they haven't even finished a show home yet. Plus one of the builders is a recent bankrupt.
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Old 30-09-2016, 23:10
kitkat1971
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Did you all miss the phone call she had from Stephen in Canada telling her she had come into some money? That's when she decided to buy one of the non-existent apartments. Don't know the exact details because I wasn't really listening properly.
The 15k she is getting from Steven is only enough for the deposit, not the whole flat. She'll still need a mortgage for the rest of it and the mortgage will need to be paid back.
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Old 30-09-2016, 23:17
kitkat1971
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Do the stats say anything about the chances of being unemployed before the first mortgage payment is made.
Not really but that is where references from your employer come into play, confirming salary and length of service. Or alternatively supplying pay slips.

Also, it's harder to get mortgages if a member of certain professions, especially if self employed.

The age thing is becoming a bgger and bigger problem now with people not being able to get together enough money for a deposit until they are late thirties or early 40s, by which time the standard 25 year repayment term is nudging up to 'supposed) retirement age.
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Old 30-09-2016, 23:45
MR_Pitkin
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The one big unbelievable thing about all soaps, is their attitude to money in the real world.
I so wish one soap would have the balls to address this in the way that exists in reality. It would actually make great viewing. I think the only soap that came close was Brookside in the early years.
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Old 01-10-2016, 09:10
Janet43
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It's not even a deposit - it's only a holding fee.

If an actual deposit on a flat was only £15,000 everyone in the land would be buying their own flat, besides which a builder doesn't take the deposit - a building society or bank who is supplying the mortgage does.
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Old 01-10-2016, 11:02
kitkat1971
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Some builders do refer to the reservation fee as a deposit (mine did) and that is paid directly to them. But it is for a nominal amount - as i say mine was only 100 pounds and I wrote a cheque the day i came out to look at the building site, show homes and plans and picked a lot. The real commitment came when contracts were exchanged which happened long before building on my particular lot had started.

But of course you're right - the deposit in usual mortgage terms would be with you bank, with them considering that before they agree (or not) to lend the mortgage for the balance of the property.

Realistically, the buyers would need another how many thousand pounds as the deposit to go via their mortgage company on top of the 15k they'd paid directly to the builders unless they were getting a 100 per cent mortgage - which is virtually impossible these days.
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Old 01-10-2016, 11:05
Pamthehound
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Ahhhh come on its a fecken soap for gods sake , people die and come back to life having a shower.
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