photo credit: Ian Muttoo

BoKloks takes a battering because of the slow down in the UK mortgage lending market. Click here to read the FT report. BoKloks provide high quality housing and are an initiative of Ikea in Sweden that may provide answers to first time buyers looking to get their foot on the property ladder.

BokLoks is collaboration between Ikea and construction company Skanska and is available in the UK under and exclusive license with property company Live Smart @ Home.

The concept is revolutionary so you might need to sit down to take this is. Let me know when you are ready. Its cheap housing fitted out with stuff from Ikea.

That’s right – now you can buy a house that matches your furniture, and what’s more these houses are available for rent, shared ownership or outright purchase.

Do read the article in the FT because it’s actually got nothing to do with a slow down in the mortgage market, and everything to do with lenders not liking the way that BoKloks are constructed from wooden frames as opposed to bricks an mortar.

Technorati Tags: housing, real estate, property, mortgage, finance

photo credit: egarc2

The UK Government is planning to provide free legal advice for those at risk of repossession and foreclosure, and specialist training for debt agencies.

Here fishy fishy

Is this a joke? Can you imagine – you’re at your wits end with worry about losing your home and possessions because you can’t keep up with your mortgage, and the government has come up with some free advice. Specialist training for debt agencies is like teaching sharks to smile before they bite you.

Foreclosure is big business

Property repossession and foreclosure is big business, you wouldn’t think so, but it is. There is loads of money to be made repossessing homes. The guys who operate it will dispose of your possessions for less than they are worth, pay themselves a healthy commission then p*ss off.

It’s just like mugging old ladies in the street, except this is legal. If your down on your luck and struggling to make ends meet, be especially careful who you talk to and what you agree to. Ask yourself a question: Why do these people want to help? Who pays for their services? The answer is – you do!

Investment Opportunities

If you are a property investor on the look out for great investment opportunities, you could make a fortune from somebody else’s bad luck, don’t waste your time browsing round the local estate agents. Go straight to the scene of the accident and make friends with your local insolvency practitioner. Look – that’s him there in Accident and Emergency.

Technorati Tags: repossession, foreclosure, real estate, realestate, investment opportunities, property investment, mortgage, finance