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Tragic Tale Of Renters Kicked Out By Mortgage Company

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10:40 - 03 June 2006

A Group of four Polish immigrants have been forced to live in their car after the home they were renting in Lawrence Weston was suddenly repossessed. Joanna Kolodziejczyk, Marek Pigas, Krzysztof Nedzik and Ryszard Bomba have been told the action was taken as their landlord Aseef Peera was in
arrears on his mortgage repayments.

These tragic stories are likely to increase in the days and weeks ahead as mortgage payments on BTLs are missed. The dream of making fortunes from borrowing to buy property is dissolving rapidly as the reality of debt rears its ugly head.

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http://politics.guardian.co.uk/conservatives/story/0,,1789617,00.html' rel="external nofollow">
· Firm 'evicted tenants using legal loopholes'
· It's a politically motivated smear, says tycoon
One of Conservative leader David Cameron's new breed of business backers is a millionaire landlord who has been accused of using ruthless tactics against tenants. Trevor Pears, 42, whose family owns 15,000 properties, is alleged to be driving out small shops in favour of supermarkets and forcing out tenants through legal loopholes.
Mr Cameron is trying to boost his party by adopting green themes and criticising big business. He has accused supermarkets of using their financial muscle to drive small shops out of business. Mr Pears is among the property tycoons and hedge fund traders who put up almost £500,000 for his leadership campaign. The tycoon has been heavily criticised by small shopkeepers in north London, where his firm owns rows of premises in Fortess Road, Kentish Town.

Oh so cuddly tories!

Edited by BuyingBear

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Thanks for that - always keen to hear of what is behind Nu-Conservs as I don't have time to research - and like to learn before we get to big election of the "Cams" spin.

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  • 301 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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