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Corrie ...The flats


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Old 25-11-2016, 05:16
SULLA
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When is someone going to ask the relevant questions

1. Who owns the site where the flats were to be built
2. Can't it be sold to get them their money back ?
3. Why had no work been started ?
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Old 25-11-2016, 10:52
Nefersitra
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When is someone going to ask the relevant questions

1. Who owns the site where the flats were to be built
2. Can't it be sold to get them their money back ?
3. Why had no work been started ?
1 - I'm not sure. Did they buy the land with Jason's £60k?
2. - Depends on the answer to number 1 but I don't think it would cover the full amount as Eileen spent £30k on tiles and the con required the development to be oversold. As there were at least 8 flats in the plans, the site would have to be sold for at least £150,000 to cover 8 deposits + the tiles. We know that at least one of the flats was sold to more than one buyer (when Eileen heard Todd and VInny sell number 8) and to maximise the profits of the con, it's likely that all the flats were sold to potential buyers.
3. - Phelan and Vinny never intended to buy anything, they wanted as much money as they could get and then to scarper.
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Old 25-11-2016, 11:03
craig_25
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Vinny and Phelan did do some ripping out, there were skips and old furniture and bits of rubbish all over the site so they did the bare minimum to make it look as though, internally there was some work going on. I also remember Phelan making some kind comment to Eileen about being held up possibly by the planners as an excuse for them not being as far ahead as expected (this was obviously a lie, but a feasible one).

The building is fairly sizeable, so if you consider that it would need to be completely gutted and ripped out before any work would start on the actual flats, it's not beyond the realms of possibility for them to be still at the initial stages of the build.

Sites like that, especially ones in terrible states of repair are sometimes sold off by the council at a loss. I remember my Dad buying a whole row of derelict terreaces from the coal board for just a pound, purely so the NCB could rid themselves of the responsibility of repairing and maintaining them. If Vinny and Phelan got a similar deal, the site might actually be worthless unless another developer decides to take it on.
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Old 25-11-2016, 11:13
vanessalou
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If they sold each flat multiple times then how come there weren't loads of people at the meeting in the pub, and one of them didn't realise that they had bought the same flat as someone else?
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Old 25-11-2016, 12:22
anne_666
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It's Corrie and as usual it's all as far fetched as s*** from China.
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Old 25-11-2016, 12:54
lovedoctor1978
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If they sold each flat multiple times then how come there weren't loads of people at the meeting in the pub, and one of them didn't realise that they had bought the same flat as someone else?
Extras cost money!! Even more so, speaking extras!!
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Old 25-11-2016, 13:01
tuppencehapenny
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1 - I'm not sure. Did they buy the land with Jason's £60k?
2. - Depends on the answer to number 1 but I don't think it would cover the full amount as Eileen spent £30k on tiles and the con required the development to be oversold. As there were at least 8 flats in the plans, the site would have to be sold for at least £150,000 to cover 8 deposits + the tiles. We know that at least one of the flats was sold to more than one buyer (when Eileen heard Todd and VInny sell number 8) and to maximise the profits of the con, it's likely that all the flats were sold to potential buyers.
3. - Phelan and Vinny never intended to buy anything, they wanted as much money as they could get and then to scarper.
I doubt they spent money on the empty mill/factory as they intended to keep as much of it as possible. If they had spent £60k on it and were the real owners, then presumably the cheated deposit makers could recoup some of the money but that isn't going to happen.

There were a lot more than 8 flats, and some were 'sold' more than once.

It's hugely improbable that those people would have handed over their £15k deposits without regularly checking what was going on at the site.
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Old 25-11-2016, 13:11
craig_25
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I doubt they spent money on the empty mill/factory as they intended to keep as much of it as possible. If they had spent £60k on it and were the real owners, then presumably the cheated deposit makers could recoup some of the money but that isn't going to happen.

There were a lot more than 8 flats, and some were 'sold' more than once.

It's hugely improbable that those people would have handed over their £15k deposits without regularly checking what was going on at the site.
I keep seeing people say this but I've lived in 3 brand new houses now, and not once have I ever gone to the site and demanded to see progress on the development or asked to see my half built house. I saw a show home, handed over my deposit, got a mortgage in place and the only time I saw the house was when I was handed the keys. The site was locked up every night and enclosed behind a massive fence. The only progress you saw was the houses actually going going up when you drove past, but in the initial stages when the site was being cleared and the land made good, foundations going in etc, you could actually see nothing, they could have been doing anything behind there!!
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Old 25-11-2016, 13:32
Dr K Noisewater
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I doubt they spent money on the empty mill/factory as they intended to keep as much of it as possible. If they had spent £60k on it and were the real owners, then presumably the cheated deposit makers could recoup some of the money but that isn't going to happen.

There were a lot more than 8 flats, and some were 'sold' more than once.

It's hugely improbable that those people would have handed over their £15k deposits without regularly checking what was going on at the site.
I was thinking the same thing. Surely they cant have actually purchased that enormous building as it would have cost a fortune even in its current derelict state. As they planned to do a runner they wouldn't be able to sell it so would be left severely out of pocket. They must have been illegally posing as the owners of the site somehow.
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Old 25-11-2016, 14:55
SULLA
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1 - I'm not sure. Did they buy the land with Jason's £60k?
2. - Depends on the answer to number 1 but I don't think it would cover the full amount as Eileen spent £30k on tiles and the con required the development to be oversold. As there were at least 8 flats in the plans, the site would have to be sold for at least £150,000 to cover 8 deposits + the tiles. We know that at least one of the flats was sold to more than one buyer (when Eileen heard Todd and VInny sell number 8) and to maximise the profits of the con, it's likely that all the flats were sold to potential buyers.
3. - Phelan and Vinny never intended to buy anything, they wanted as much money as they could get and then to scarper.
Why wouldn't they cancel the tiles. If they didn't they would not have paid for them. Eileen will have to pay for them
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Old 25-11-2016, 15:09
craig_25
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Why wouldn't they cancel the tiles. If they didn't they would not have paid for them. Eileen will have to pay for them
I think they tried to cancel them but because Eileen the dope bought them online in some kind of flash sale, they had a no return, no cancellation policy. Had the venture been real she'd have got herself an absolute bargain, I'm sure she'd got them like half price which is why she'd done it.
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Old 25-11-2016, 15:33
James_Langan
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I think they tried to cancel them but because Eileen the dope bought them online in some kind of flash sale, they had a no return, no cancellation policy. Had the venture been real she'd have got herself an absolute bargain, I'm sure she'd got them like half price which is why she'd done it.
So Phelan wasn't joking when he told her she could have a good night out on the tiles.
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Old 25-11-2016, 17:06
Eastenderstreet
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If something like this happened in reality, any fool who wouod willingly put down a deposit on a flat that's not even been built yet would deserve all the hardship they'd get
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Old 25-11-2016, 17:06
Mint-Opinion
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I keep seeing people say this but I've lived in 3 brand new houses now, and not once have I ever gone to the site and demanded to see progress on the development or asked to see my half built house. I saw a show home, handed over my deposit, got a mortgage in place and the only time I saw the house was when I was handed the keys. The site was locked up every night and enclosed behind a massive fence. The only progress you saw was the houses actually going going up when you drove past, but in the initial stages when the site was being cleared and the land made good, foundations going in etc, you could actually see nothing, they could have been doing anything behind there!!
I guess you may do this if your dealing with a big company like Redrow or Barrett's or one of those other company's that build shitty little matchbox houses across great swathes of the uk. However, if you was dealing with a small personally owned outfit like the one Vinny and Phelan was running then I would want to know what was going on at every stage of he build.
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Old 25-11-2016, 17:17
KornerKabin
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None of it makes much sense to me at all.
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Old 25-11-2016, 17:22
craig_25
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I guess you may do this if your dealing with a big company like Redrow or Barrett's or one of those other company's that build shitty little matchbox houses across great swathes of the uk. However, if you was dealing with a small personally owned outfit like the one Vinny and Phelan was running then I would want to know what was going on at every stage of he build.
I grew up in a Barratt house and my last house was a Redrow, I now live on a small development built by a local builder which is of a much higher quality build, but neither of my previous homes were shitty matchboxes

Even with my most recent purchase I never went to the site, I just let them get on with it and moved in when it was ready. I guess maybe I'm just too trusting. I'd be one of the ones sat in the Rovers 15k down, wondering where it all went wrong!!
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Old 25-11-2016, 17:32
tuppencehapenny
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I guess you may do this if your dealing with a big company like Redrow or Barrett's or one of those other company's that build shitty little matchbox houses across great swathes of the uk. However, if you was dealing with a small personally owned outfit like the one Vinny and Phelan was running then I would want to know what was going on at every stage of he build.
In my own experience, buyers don't put a deposit down just to secure a flat, but if they have money at stake, the building is obviously meant to be nearby and the builders are a distinctly dodgy duo, I'm sure they'd want to check progress regularly. Though of course no-one would have paid £15k in such a risky enterprise in real life.

I've only bought new once, with one other recent occasion when I was thinking of doing so and came quite close, and I paid no deposit and visited the site regularly. There was also a show house pretty early on in the build both times.
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Old 25-11-2016, 18:00
Mint-Opinion
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I grew up in a Barratt house and my last house was a Redrow, I now live on a small development built by a local builder which is of a much higher quality build, but neither of my previous homes were shitty matchboxes

Even with my most recent purchase I never went to the site, I just let them get on with it and moved in when it was ready. I guess maybe I'm just too trusting. I'd be one of the ones sat in the Rovers 15k down, wondering where it all went wrong!!
Yeah if someone called Pat comes calling for a place to stay after being chucked out by his mrs DONT trust him
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Old 25-11-2016, 18:38
SULLA
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If something like this happened in reality, any fool who wouod willingly put down a deposit on a flat that's not even been built yet would deserve all the hardship they'd get
Nobody deserves to be punished just for being foolish
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Old 25-11-2016, 18:55
James_Langan
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Nobody deserves to be punished just for being foolish
They should be punished for not doing due diligence.
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Old 25-11-2016, 20:00
craig_25
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They should be punished for not doing due diligence.
Haha these are people from a Manchester back street though and not qualified management consultants. Perhaps Vinny aimed at a certain demographic knowing they'd fail to conduct due dilligence and would therefore be easier to con?
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Old 26-11-2016, 02:24
Eastenderstreet
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Nobody deserves to be punished just for being foolish
I beg to differ
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Old 26-11-2016, 03:20
SULLA
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They should be punished for not doing due diligence.
You want to punish victims

Begging is not required.
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Old 26-11-2016, 10:59
James_Langan
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You want to punish victims



Begging is not required.
Since when does not doing your due diligence allow you to wrap yourself in the mantle of victimhood. If I had my way they would all be charged with being co - conspiritors in the crime. Some I would lay further charges of child neglect for depriving their children of a college education by spending the money on a ponzi scheme. They should be treated with contempt for throwing taxpayers money away by getting the police and courts involved. Victims my ass. The only victims here are the ones who didn't buy and will have to pay the legal expenses of the fallout.
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Old 26-11-2016, 16:17
STUFFY
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None of it makes much sense to me at all.
Surely at least one of these "victims" would have consulted a solicitor before getting involved with purchasing property.
You don't just walk up to some bloke in the street, listen to some dodgy sales talk and pay over money without some sort of contract? The 15k was how much of a deposit, 10% ? If so,£150k seems about right for an apartment in some dodgy area of Manchester, but how would someone like Sarah ever have a hope in hell of getting a mortage!

Of course, I forgot, she would use the Weatherfield branch of the Vin & Phe Building Society, local manager and financial advisor Todd Grimshaw.
No waiting, just sign here and start repaying your 99 year, 90% mortgage.
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