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Arthur Charles Valerian Wellesley, 9th Duke of WellingtonOBE DL (born 19 August 1945), is the present Duke of Wellington. He is the son of Valerian Wellesley, 8th Duke of Wellington, and his wife, Diana McConnel.

He married Princess Antonia of Prussia (who no longer uses her royal title) on 3 February 1977 at St. Paul’s ChurchKnightsbridge,LondonPrincess Antonia of Prussia, Duchess of Wellington, Duchess of Ciudad Rodrigo, OBE (born 28 April 1955), is a great-granddaughter of Wilhelm II, German Emperor and is descended from Queen Victoria through her daughter, Princess Victoria. Antonia Elizabeth Brigid Louise Mansfeld was born in London on 28 April 1955, the daughter of Prince Frederick of Prussia and Lady Brigid Katherine Rachel Guinness, daughter of Rupert Guinness, 2nd Earl of Iveagh. She is the twin sister of Prince Rupert Alexander Frederi
ck. She was educated at 
Cobham Hall School and King’s College London (BA, English). She was awarded the OBE in the 2008 Birthday Honours for services to social housing as President of the Guiness Trust.
 
The Duke and Duchess of Wellington have five children:
 
 
 
 
  • Arthur Gerald Wellesley, Marquess of Douro (above, born 31 January 1978); married as of 4 June 2005 to the former model Jemma Kidd, a fashion stylist and great-granddaughter of Lord Beaverbrook. They have twins and a younger son:
    • Lady Mae Madeleine (born 4 January 2010).
    • Arthur Darcy, Earl of Mornington (born 4 January 2010).
    • Lord Alfred (born 10 December 2014).[3]
  • Lady Honor Victoria Wellesley (born 25 October 1979); married (as his second wife) the Honourable Orlando Montagu, younger son of the Earl of Sandwich, and had issue:
    • Walter Montagu (born 3 December 2005); first grandchild of the Duke and the Duchess, then the Marquess and Marchioness of Douro.
    • Nancy Jemima Montagu (born January 2007).
  • Lady Mary Luise Wellesley (born 16 December 1986).[4]
  • Lady Charlotte Anne Wellesley (born 8 October 1990); attends Oxford University.
  • Lord Frederick Charles Wellesley (born 30 September 1992); attended Eton College.
Edited by shlomo
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He founded the firm after beginning his career in the City in 1985 as a derivatives trader, where he attempted to use his other title, Viscount Dangan. 

He reverted to Graham Wellesley after complaining that fellow traders called him 'Lord Dagenham' after the town in Essex. 

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Sigh. This whole thing is very depressing. 

Post pension liberalisation the con is:

 

Mr muggins has a final salary pension from British steel after working 40 years. Pays 25k per annum index linked.

Mr muggins gets a cold call from Dodgy IFA. Dodgy IFA says your cash in price of your pension is £900k. I can get you an bond paying 8% you won't get 25k a year you will get £80k!!!

Mr Muggins does it. 

£800k goes on dodgy bonds. 

£160k goes on a management fee to dodgy IFA sorry marketing fee not bribe. 

Net of £640k goes to Dodgy Bond for corporate purposes. 

Dodgy bond directors may or may not pay the coupon on the bond, but rape the cash taking out huge salaries, buying their mates cars for an up lift etc etc until there is non left. 

Dodgy bond Co collapses. Dodgy IFA dissapesrs. 

 

Net impact is. 

Mr miggins has worked a lifetime for naff all. 

Dodgy IFA gets huge fees. 

Dodgy bond directors steal the rest. 

 

Look up LCF as a well published example. 

 

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I had a ratesetter IF ISA until the early part of this year. I decided that it was potentially very risky when I saw covid on the horizon.

Shame I didnt have the same good sense to migrate to cash in the pension fund, then buy back in low.

As an aside, it took nearly a full month to get my money out of the Ratesetter ISA (normally 1-2 days), it was a little concerning and worth bearing in mind if you think a fast bail out is possible.

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If a deals too good to be true...

Rather if a deal is too good to be true *AND* propderdee!!!!!

Idiots pile in.

 

Every time I read an article and think - WTF?

A little bit of extra google always brings up P2P or some sort of usnecured bond lending.

All mental.

https://www.whitbygazette.co.uk/business/former-whitby-hotel-be-turned-15-holiday-apartments-2924789

The Dapatchi Group applied to Scarborough Council to transform the Carlill in Royal Crescent into the flats, alongside building a five-storey extension to the rear of the property.

http://dapatchi.com/

Donny builder, property here there n everywhere.

 

http://dapatchi.com/about-us/dapatchi-media

?????

https://suite.endole.co.uk/insight/people/23778880-mr-daniel-christopher-pattrick?page=companies

Hover yer cursor over each company.

https://danpattrick.com/

Developer .... Entrepreneur .... mentor ... Far *****.

Dan Pattrick is a Values Driven Property Entrepreneur and Developer. Dan is also the Founder and Director of Dapatchi Group, a successful company which provides a complete property development solution. He has a passion for delivering value to his projects, his team, and his community.

Dan places an emphasis on a win:win scenario ensuring that everyone involved wins. His mission is to build homes, create careers, cultivate communities, and ultimately enrich lives.

Dan believes that there is room for a new approach to business and property and he wants to bring a new age of compassion and care to the sector. Through his approach to always add value, Dan delivers content to help educate and mentor other like-minded people who are interested in property and business.

 

 

1  .. 2 ... My mother in law is sooo fat ...

 

 

 

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I did and what I saw was each company bar 2 has no assets/liabilities bar 2.

The sparky and the builder.

The sparky's doing but the builder....

 

image.png.de037d1bc07c9e138a9284955d3fe2b4.png

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If a deals too good to be true...

20 years ago the idea that 4% is too good to be true would have been crazy.

Well done Gordon Brown for screwing up the economy so much that interest rates drop to near zero.

(I know the Tories are incompetent but it is hard to see how they could have got back to normal by 2014).

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20 years ago the idea that 4% is too good to be true would have been crazy.

Well done Gordon Brown for screwing up the economy so much that interest rates drop to near zero.

(I know the Tories are incompetent but it is hard to see how they could have got back to normal by 2014).

This is the crux of the matter. Anybody seeking financial independence ( an honourable aim in my book) is forced to take more and more risks due to BOE policy (BTL being one of the least risky options). It is disgusting that showing prudence results in crooked financiers milking the system behind the cloak of of FCA diligence.

Edited by desertorchid
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43 minutes ago, desertorchid said:

This is the crux of the matter. Anybody seeking financial independence ( an honourable aim in my book) is forced to take more and more risks due to BOE policy (BTL being one of the least risky options). It is disgusting that showing prudence results in crooked financiers milking the system behind the cloak of of FCA diligence.

Very true a friend owns a flat that he rents out (no mortgage) - like time I spoke to him, I suggested selling and he said "What would I do with the money?".

It is called a dash for trash!

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It is called a dash for trash!

part of the 'crack up boom'

I saw the ad for this and was 'encouraged' by a few aquaintances to push into P2P.  Caveat Emptor; I hope they all get burned.

This isn't petty jealously, it's the insidious perception of 'you can't loose' - the whole point of capitalism is that you  DO lose sometimes. We are in a 'Great Power' world, where the elites think they are immune to the laws of nature and the wisdom of the crowsds.

 

So did the Russian Czars, French Royalty, German Aristocracy, British Imperialists.

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part of the 'crack up boom'

I saw the ad for this and was 'encouraged' by a few aquaintances to push into P2P.  Caveat Emptor; I hope they all get burned.

This isn't petty jealously, it's the insidious perception of 'you can't loose' - the whole point of capitalism is that you  DO lose sometimes. We are in a 'Great Power' world, where the elites think they are immune to the laws of nature and the wisdom of the crowsds.

 

So did the Russian Czars, French Royalty, German Aristocracy, British Imperialists.

But surely this attitude just leads to the conclusion that if your priced out of the housing market then stuff you, tough luck. After all, this is "the whole point of capitalism"

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This is the crux of the matter. Anybody seeking financial independence ( an honourable aim in my book) is forced to take more and more risks due to BOE policy (BTL being one of the least risky options). It is disgusting that showing prudence results in crooked financiers milking the system behind the cloak of of FCA diligence.

Or, after 2008 where people with too much debt caused a bit of a pickle in the financial system, an environment (low IRs) was created which ensured debt was nice and cheap and popular.

Unbefeckinglievable. but they could never have foreseen the problems that we can foresee just around the corner.

I'm 'happy' only losing 1% a year on the majority of my cash savings. Is rising to losing about 1.2% soon, but I can't beat the system, just others playing it. Hopefully the long Oil/PM/Crypto, short FTSE & GBP part of the strategy will prove that a 1.2% loss on cash per year is immaterial in the grand scheme of things.

Specialist Property Bonds? I don't think so 🙂

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But surely this attitude just leads to the conclusion that if your priced out of the housing market then stuff you, tough luck. After all, this is "the whole point of capitalism"

No. If any asset class is priced beyond affordability it will suffer a correction towards affordability.  People that put too much capital get wiped out and become a lesson for the future. 

What we have is prop after prop thrown to keep HPI going - the antithesis of capitalism

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  • 433 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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