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The Masked Tulip

Porsche Driving Property Developer Losing It All - Itv Wales

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http://www.itv.com/wales/the-ferret23254/

The Ferret looks at the ups-and-downs in the career of Kash Shabir. He first came to The Ferret for help in 2003 when he had a problem with his £50,000 BMW. That was easy to sort out compared to the property developer's current difficulties - a £2.8 million debt to Lloyds TSB.

Several years ago I recall posting a link on here to the original programme.

Edited by The Masked Tulip

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Wonder if he's another "working class" friend of Liebour

http://www.independent.co.uk/news/uk/politics/party-girl-oona-king-needs-money-2306360.html

A nightclub full of politicians, and it's a hundred quid to get in. Could it be the worst night out in the capital's history?

Former London mayoral hopeful and recently ennobled Baroness (Oona) King of Bow is hoping not. If the invitation is to be believed, her forthcoming fundraiser at London's Ministry of Sound is all that is keeping the ermine-snatching bailiffs from the door.

"It's a fundraising dinner, and if I'm lucky it will prevent me being kicked out of the House of Lords on bankruptcy charges (just when I'd started to get used to the baroness thing)," reads the letter.

Sunday times had a better article. And yes, property was involved.

I always liked Oona King. Her, Claire short and Kate Hoey always seemed the Level headed Bliar babes, as opposed to the reactionary neo-con party above all else insanity of Jackboot Smith and Harman. But I guess she's just another Liebour champagne socialist fat cat.

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Prog claims 80,000 UK BTL Landlords in mortgage arrears.

oh dear, how can we bail them all out?

short of negative interest rates, more QE and sacrificing the whole economy to inflation theres not much more we can do for them.

perhaps a whip round a la Oona?

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It's not the first time the ferret has featured the plight of BTLers. Several weeks ago the programme ran a piece on the 'plight' of landlords who had put deposits down on flats in Newport who could no longer secure a mortgage as the price of the flats had plummeted.

The ferret stepped in and managed to secure a refund on the deposits, mainly because the building works had gone over time and the building company were in breach of their contract.

It was obvious then that there was a VI element to the production team.

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It's not the first time the ferret has featured the plight of BTLers. Several weeks ago the programme ran a piece on the 'plight' of landlords who had put deposits down on flats in Newport who could no longer secure a mortgage as the price of the flats had plummeted.

The ferret stepped in and managed to secure a refund on the deposits, mainly because the building works had gone over time and the building company were in breach of their contract.

It was obvious then that there was a VI element to the production team.

Who is the VI element directed at?

It seems obvious to me that Lloyds Bank Group seriously comprised their position by letting the potential conflict of interest develop. But then they were just acting as bankers, with a capital W. as banks always do. I wonder what has happened to the apartments and the income they generate?

Either they were sold, possibly at a significant undervalue, and to whom?

or they are being "managed" by the LPA, who undoubtedly is taking a large fee.

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It looks like Lloyds are going to be 2 mil in the hole, so you can't really blame them for playing hardball. Meanwhile Shabir can eff off and live like a king in Pakistan any time he wants.

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Prog claims 80,000 UK BTL Landlords in mortgage arrears.

Our local one has about 100 properties I reckon. He's selling his business premises at the moment.

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  • 311 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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