Chapter 460 Real Estate Mortgage

But after a brief moment of happiness, Lucius couldn't help but frown again. The reason was very simple: there was not enough money.

Putting aside whether those guys could lend him their savings, he just calculated carefully that there is actually a lot of cash in the homes of the pure-blood nobles.

Most of the gold Galleons were already in his hands, and together with those temporarily detained in the vault, the total amount was only about 7000 million gold Galleons.

This is already all the wealth of the entire British wizarding world. As for why, the hole in the accounts has now reached 1 million gold Galleons.

The main reason is the premium factor. After all, the previous speculation has pushed the prices of many stores to an astonishing level.

Coupled with the leverage in the bond market, a lot of debt is created out of thin air.

The real liquid funds, including those stolen in the Gringotts robbery, are actually the sum of the entire British wizarding community.

All the wealth accumulated over the centuries is only about 1 million gold galleons, and this is all cash wealth.

You know, most wizards have the habit of saving. Apart from the noble pure-blood aristocrats, ordinary wizard families also save a lot of wealth.

Therefore, the currency circulating in the market has always been very stable, which has not led to inflation, that is, over the past few centuries.

The goblins who control the power of coinage have never stopped minting new coins, the result of centuries of effort and accumulation.

Everything was swept away in just one year, and I was so surprised when I got this result.

But now, this amount of money seems insignificant in the Muggle world.

The impact was no less than when he received the news, and it also strengthened his confidence.

Again, if Karl Hohenzollern could do it, there was no reason why the noble Malfoy couldn't do it.

With this thought in mind, Lucius spoke first this time.

"I still have a problem to solve, which is, even if all the funds can be gathered together."

"The amount is still a little short, about 13 billion pounds. Can you find a way to solve this problem?"

"You think too highly of me, sir." Upon hearing this, Mr. Zachary Ward immediately returned to his previous embarrassed look.

"How could you get a huge amount of money like £13 so easily? And you are unwilling to cooperate with people like us."

"It's impossible to use cash to do leveraged transactions with some funds. This amount of money is really difficult to handle. You have to know Mr. Hohenzollern."

"The reason why so many precious metals can be mobilized in a short period of time is that he has a large amount of liquid US dollars."

"On the other hand, it's also because of his relationship with the British government, but in the end it's because he has a lot of money. Society has changed."

"No longer pursuing true nobility, but instead falling into the sin of money. Whoever has money holds power."

The speaker may not have intended it, but the listener may have taken it to heart. Lucius thought carefully about what the other person said and felt that it made a lot of sense.

Before in the British wizarding world, money could not bring about an improvement in status, but due to the transformation carried out by Karl Hohenzollern in the past two years.

The thinking of wizards has gradually become more aligned with that of Muggles. Now having money can do more than just improve their lives.

It has already influenced a considerable number of people, and it can be foreseen that in the near future, the status of money will become increasingly higher.

Then the status of the Malfoy family, which has always been the richest pure-blood nobles in the British wizarding world, will inevitably rise again.

And now he has an opportunity to go one step further. He may become the pioneer of new history of the Malfoy family.

When he thought of this, Lucius felt his whole body trembling. He could not give up this opportunity at all costs.

Whether from the perspective of now or the future, this is a unique opportunity.

On the other side, Mr. Zachary Ward said with an embarrassed look on his face.

"If there are some properties or something, that would be great. We can still use the same method as before and mortgage these assets to HSBC."

“I’m trying everything I can to get the interest rate down to the lowest it can be in less than two months, after stocks soar.”

"We can easily borrow a large sum of money from the bank by giving out a small portion of the equity, and then we can return everything to its original owner."

"As for the shares, don't worry. We can sign another term loan contract with them and pay them a considerable amount of interest when the time comes."

"Real estate?" Hearing this, Lucius suddenly became excited. He stood up and asked excitedly.

"Land is OK? What is the property in London worth now?"

"Don't make trouble, sir." Mr. Zachary Ward looked at Lucius who stood up and said helplessly.

"We are in two different worlds. Real estate mortgages require real estate and land certificates from the local government."

"How could you possibly have something like this? Let's think of another way."

"Of course not." Lucius laughed happily, picked up the crutch he carried with him and twisted it in the middle.

Then he pulled out a roll of paper from the gap between the crutch and handed it over.

Mr. Zachary Ward took the paper doubtfully, unfolded it and saw that it was indeed a property certificate issued by the London local government.

"How come you have this kind of thing? And this shop at 107 Diagon Alley? I have never heard of this street in London."

"Don't worry about it. Just tell me if this piece of paper can do the job."

Lucius was really happy. Before going to the Ministry of Magic today, he first went to a store with which he had a loan relationship.

Since the other party was unable to repay the money he borrowed from me, I had to take away his property certificate.

These certificates were all handled in a unified manner. As for this idea, it was naturally proposed by Mr. Hohenzollern.

In the past, the British magical community had a very extensive management of housing property rights.

Except for some time-honored shops and shops passed down from aristocrats, most shops have changed owners countless times over the past few hundred years.

Every time a transaction takes place, a contract book, which is like an Oxford dictionary, is taken out and carefully checked to see who the store belongs to.

Because it happened so many times, the left half of a shop belonged to one wizard, and the right half belonged to another wizard.

What’s even more outrageous is that a small piece of land in the middle of the store belongs to another person.

This situation is very inconvenient for real estate transactions. In order to improve efficiency and transfer everyone's money into their pockets quickly.

So after trying every possible means to take over most of the stores, Carl asked others to apply for certificates for all the stores they had.

Otherwise, you are not allowed to enter the trading market to trade, and because of the British Ministry of Magic, there is no such management department at all.

So this task was entirely handed over to the local government of London, and Carl used some means to do so.

All shops and land in the entire British magical community are registered with the local government of the United Kingdom.

I never thought that the actions of that annoying bastard a year ago would actually help me.

Lucius couldn't help but burst out laughing.