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Buy Abroad News

13 Jul 11

Is This The Most Expensive Repossession In History

Updown Court in Surrey which has been on the market for nearly seven years has been taken over by The Irish National Bank after the owner defaulted on the £50 million mortgage.

Although the bank have kept the house on the market at a staggering £50 million, in this market it is unlikely that they will attract a buyer prepared to pay that sort of money. After rumours over the years of interest from Russian Oil barons and arab business men, nobody has come forward to the take plunge and stump up the huge fee for what is a stunning and lavich house and grounds.

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