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Held back from posting this up at the time. I'm not going to get into the aspects of their claim against the builder (who won), or their costs.

Just this bit.

.....house was put on the market a year ago for £3million.

http://www.dailymail.co.uk/news/article-2571957/Classical-star-performed-Madonna-Mick-Jagger-forced-sell-400-000-viola-pay-debts-legal-row-builders-16-000-bill-3million-home.html

There was more info in The Times and it's all a bit more complicated than DM's take on it.

Point being

Nicey-nice set out in the older archived EA listings from 2011, including those asking Guide Price £3,000,000. (The dream of HPI)

http://www.zoopla.co.uk/property/hunts-green-chase/potter-row/great-missenden/hp16-9lt/28608051

Today... the listing photos less staged-up.

Asking Price £1,200,000

http://www.rightmove.co.uk/property-for-sale/property-55684133.html

Although if Zoopla is correct on its last sale price, then still some rise since 1997, and a few other houses for sale in same postcode.

http://www.rightmove.co.uk/property-for-sale/find.html?searchType=SALE&locationIdentifier=POSTCODE%5E377950

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Blimey, looks vacant, wonder if they were forced out by the bank/insurers. Photo 1, does look suspiciously like a bankruptcy notice on the front door from a distance...

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I feel sorry for the builder. The builder did £16,000 of honest work (The judge must have thought it was honest work or they wouldn't have lost the case) and then he had to fight for his money.(he must have thought he had done honest work or he wouldn't have taken it to court)

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They bought their brick and flint house which enjoys far-reaching views over the Buckinghamshire countryside in 1997 for £350,000, and it is now said to be worth around £3million.

Yet they're bankrupt and the story revolves around an old viola/violin.

Yet another DM/newspaper story that doesn't add up.

It probably involves taxpayers being the mugs yet again somewhere along the line.

Edited by billybong

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I feel sorry for the builder. The builder did £16,000 of honest work (The judge must have thought it was honest work or they wouldn't have lost the case) and then he had to fight for his money.(he must have thought he had done honest work or he wouldn't have taken it to court)

It was a bit more complicated than that. If there is anything in the couple's claim (The Times) - not sure it was part of the case - then the cost of works (in 2002) came in at nearly 3 times 'estimate' (it didn't say quote, but estimate).

They withheld part of the payment, and they claimed it was a £100,000 job estimated to take five months, but actually were billed upto £280,000 and was still not completed after a year.

The builder successfully sued them for £16,000, and the couple lost an appeal in 2007. They were left with legal bills of up to £185,000 after a judge described them as “commercially naive”.

Baker Tilly (recently renamed all their operations into RSM sigh)... how many changes since 2008. RSM. Merges with Tenon. RSM-Tenon. Administration, and shareholder wipeout (as I recall it; and even looked at the shares before that), Baker Tilly buys it up; rebrand to RSM. Anyway, looking all fitter and sharper... been some clear out in the wider accountancy sector.

Neither Peter nor Kathryn, whose occupations are described as ‘unknown’ in court papers, have surrendered to the bankruptcy and are currently at risk of having their automatic discharge suspended by the Official Receiver.

http://www.creditman.co.uk/news/baker-tilly-partner-appointed-as-trustee-in-bankruptcy-for-great-missenden-classical-musicians/

The Bassanos were declared bankrupt at Aylesbury Crown Court in October last year. Records show that Mr Bassano has debts of £16,700 and there are three mortgages on their home, a six-bedroom property in Great Missenden, Buckinghamshire. It is on the market for £3 million.

However her position with the viola loans... limits my sympathy. The couple were made bankrupt; looked it up, but not going to search out the links again. Might make those BTLers expecting bailouts to think again. It's not going to be hugs and cuddles. You're thinking that MP have houses and BTLs 'so let's gorge away and capture generation rent forever' has a price to pay.

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