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juvenal

Snp Mp Lisa Cameron Is Btl Trougher

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At the very least (and there are lots of potential angles on this story including whether she should be allowed to vote on property related issues) it's a perfect example of how right to buy properties end up as BtLs.

Edited by billybong

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"it's a perfect example of how right to buy properties end up as BtLs."

+1

Incredible! Good on the DM for rooting out such stories. As one of the comments underneath she must have no moral compass at all. She must have known how this would be seen by the general public when she stood as an MP.

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this story has it all - BTL troughing, Right to Buy, dodgy sounding 'bankruptcy' of husband, and now she's so flush she's buying more BTL's in cash?!? - WTF!!!

Talk about shamelessly playing the system for all it's worth.

Something really stinks here.

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this story has it all - BTL troughing, Right to Buy, dodgy sounding 'bankruptcy' of husband, and now she's so flush she's buying more BTL's in cash?!? - WTF!!!

Talk about shamelessly playing the system for all it's worth.

Something really stinks here.

You're right,they are playing the system like pros. The type of BR that he took usually only works for the really poor. You have to have under £1000 in assets and menial income. While he was declaring BR, she spent £230,000 cash for new property. If they were to divorce he would be legally entitled to some of her stash so why not for this BR? Not the crux of the article but has really annoyed me. Immoral IMO.

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You're right,they are playing the system like pros. The type of BR that he took usually only works for the really poor. You have to have under £1000 in assets and menial income. While he was declaring BR, she spent £230,000 cash for new property. If they were to divorce he would be legally entitled to some of her stash so why not for this BR? Not the crux of the article but has really annoyed me. Immoral IMO.

And she presumably had previously worked in the public sector as some kind of clinical psychologist and he in retail finance. Brilliantly cynical people.

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The property empire nets an estimated £2,000 a month in rent.

If the DM's figs are correct, that's a gross yield of 3.8%. Given that the properties are all sub-sub-sub prime, net yield is going to be infinitesimal. And, of course, all that £2k pm is taxed at her marginal rate.

Er, not thanks.

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I am not sure what to make of this. The BTL 'empire' looks not very profitable and I can imagine repossessions requiring a lot of work. The insolvency part appears to be more interesting.

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Cyber-Gnat is going to explode! :lol:

I think he's taking a break. Somebody mentioned a Scotch egg in the 'Interesting YouTube Clips' thread.... not a peep from him :(

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