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Uriah Heap

The Wilsons thread ---merged

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I wonder whether Beachcroft is going to start posting again?

p-o-p

LOL.

Indeed. I'm really looking forward to them starting to "wave it around" again. I hope the delivery of Kamagra arrived on schedule.... :lol:

Mind you, lawyers always manage to turn "defending the indefensible" into an artform, so who knows?!

B

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Be a shame to see this topic fall away from the front page so quickly.

Something I noticed when reading the article about the Wilsons problems.

Financial Mail has learnt that at least one property has been put into receivership by a major lender. The couple also face action from a number of local authorities that are owed council tax on unlet houses. Last week, from their modest-looking home in Boughton Monchelsea, near Maidstone, Fergus Wilson insisted there were no cash-flow problems. He knew about a property being taken into receivership, he said, but blamed an 'administrative error' by the lender, Bank of Ireland.

And Kent's local authorities were also wrong in their demands, he said, claiming that the common name of Wilson meant 'we get mail for every Wilson in the county'.

Wonder if the councils will be as sympathetic to the couples plight as the banks were.

How easy is it to get the council tax bailliffs off your back?

According to the this info from Ashford Borough Council Fergus had better get shaped up or it's the Big House for him.

Ashford Borough Council

counciltax_recovery.gif

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Be a shame to see this topic fall away from the front page so quickly.

Something I noticed when reading the article about the Wilsons problems.

Wonder if the councils will be as sympathetic to the couples plight as the banks were.

How easy is it to get the council tax bailliffs off your back?

According to the this info from Ashford Borough Council Fergus had better get shaped up or it's the Big House for him.

Ashford Borough Council

counciltax_recovery.gif

A lot more toothless than it sounds. Councils write off masses of council tax every year (particularly to council housing tenants :rolleyes: ).

All depends if there's some assets that bailiffs could easily threaten to seize. If they're personally liable then they can chase their personal home, car etc. but, I'm pretty sure it's still the case, that they can only do this if they're daft enough to let the bailiffs bluff their way in.

If it's limited liability then there wouldn't really be any chattels that bailiffs could seize except maybe an office printer or fax machine. The council would then have to decide if it's worth their legal costs in bringing a winding up petition against the company. My guess, would be, the lenders would have security on everything of vale and the council would just compound their losses.

Many councils are finding the same thing with business rates due on unoccupied commercial property. The property's empty and the landlords are based at some PO box on the Channel Islands. The landlords holding company's total assets will be a tenantless property with a massive bank loan for twice its current market value secured on it and a tiny serviced office somewhere.

Council tax for those who actually have to pay it every month is going to have to rocket to make up these shortfalls.

Edited by Soon Not a Chain Retailer

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I agree that enforcement by councils is unlikely to be a problem for them. The key point is that the council tax is due on empty properties.

How many properties do they have without tenants? How much negative cash flow?

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I agree that enforcement by councils is unlikely to be a problem for them. The key point is that the council tax is due on empty properties.

How many properties do they have without tenants? How much negative cash flow?

That is an interesting question, especially as untenanted properties only attract council tax after 6 months of voids. From what I gather, the number of empty properties has been slowly increasing due to their well-known inability/unwillingness to perform adequate maintainence on the houses.

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I agree that enforcement by councils is unlikely to be a problem for them. The key point is that the council tax is due on empty properties.

How many properties do they have without tenants? How much negative cash flow?

this is part of the UK problem..enforcement on those that wont pay is a waste of time...muggins nice citizen however, makes a claim and he's treated like a scrounger.

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I wonder whether Beachcroft is going to start posting again?

p-o-p

Presumably they're insisting on payment in advance, hence their absence.

Edit: illiteracy

Edited by Goat

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a number of them are empty. So instant DSS/socially subsidised tenants. Then as tenancies come to an end and people leave, bring in more of the same. The migratory working people will move out of them and it will also have the knock on of increasing demand for further new private housing in the area..

Yes, there's always huge demand to live in an area surrounded by dole-scrounging chavs. House prices are always pushed higher the more DSS tenants you bring in. /sarcasm

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That is an interesting question, especially as untenanted properties only attract council tax after 6 months of voids. From what I gather, the number of empty properties has been slowly increasing due to their well-known inability/unwillingness to perform adequate maintainence on the houses.

You only get 6-month exemption if the property is unfurnished as well. If it is uninhabitable due to renovations, you can apply to extend this.

After that, it depends on the LA. Round here, you pay 50% if it's empty, some 'holiday resorts' can now charge up to 90%.

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Talk about kicking a man whilst he is down - now even his horses are being criticised

http://www.timesonline.co.uk/tol/sport/racing/article7031046.ece

Fergus Wilson is a combative character, always ready to defend his policy of running 100-1 shots in the biggest jumps races. It seems he has not been entirely deterred, either by persistent criticism or by the reported financial problems of the buy-to-let property business he runs with his wife, Judith.

The fortune of the couple, both former maths teachers, was recently estimated at £100 million but the intention to sell their portfolio of 700 properties in Kent, before retirement, has apparently been a casualty of the recession. No buyer has been found.

Wilson's ambition is to win the Grand National and this year's nominees are Cerium, who was fifth last year, and Mr Pointment. Both run in the colours of Mrs Wilson and are also among 19 horses left in the Gold Cup. It is their presence on the big day at Cheltenham next month that would cause controversy - they are respectively rated 60lb and 52lb behind Kauto Star.

Paul Nicholls, trainer of Kauto Star and a vocal critic of Wilson's windmill-tilting, will be the most sensitive on this issue. Meanwhile, the Cheltenham song - an adaptation of Petula Clark's Downtown on which Nicholls is among the chorus singers - continues to attract attention.

Horses , houses , all the same to Fergus :lol:

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Talk about kicking a man whilst he is down - now even his horses are being criticised

http://www.timesonline.co.uk/tol/sport/racing/article7031046.ece

Horses , houses , all the same to Fergus :lol:

I don't know much about horse racing. Is running a stable of thoroghbreds a nice cheap little hobby that you can get up and running for a few bob and have endless fun from? Or is it a continual drain on your finances that only the select few can ever make any money from?

Just wondering.....

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I don't know much about horse racing. Is running a stable of thoroghbreds a nice cheap little hobby that you can get up and running for a few bob and have endless fun from? Or is it a continual drain on your finances that only the select few can ever make any money from?

Just wondering.....

is that you Fergus?

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I don't know much about horse racing. Is running a stable of thoroghbreds a nice cheap little hobby that you can get up and running for a few bob and have endless fun from? Or is it a continual drain on your finances that only the select few can ever make any money from?

Just wondering.....

Well known horse racing owners/enthusiasts include:

HM Queen Elizibeth II

Sir Alex Ferguson

Michael Owen

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I don't know much about horse racing. Is running a stable of thoroghbreds a nice cheap little hobby that you can get up and running for a few bob and have endless fun from? Or is it a continual drain on your finances that only the select few can ever make any money from?

Just wondering.....

My parents trained race horses for many years, they knew a lot of owners... It's an expensive hobby done more for ego than anything else.

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My parents trained race horses for many years, they knew a lot of owners... It's an expensive hobby done more for ego than anything else.

what you do is you borrow the money to buy the first horse. Then when the value of that horse goes up, you use your 'winnings' to buy a second horse.

After a while, both horses have gone up, so you can extract your initial deposit from the first horse and now you own 2 free horses.

Eventually, you can have 700 horses.

If each horse wins you £10 a month at the races, you're quids in.

And then you can buy a cheap suit made out of a deckchair, and stuff your face with chips and pasties till you look like a florid 'jabba the hut' clone.

And if it all goes titsup, no worries, you can always offload the horse to winalot, or some knackers yard somewhere (or Hugh Fernlywhittingless' restaurant).

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what you do is you borrow the money to buy the first horse. Then when the value of that horse goes up, you use your 'winnings' to buy a second horse.

After a while, both horses have gone up, so you can extract your initial deposit from the first horse and now you own 2 free horses.

Eventually, you can have 700 horses.

If each horse wins you £10 a month at the races, you're quids in.

And then you can buy a cheap suit made out of a deckchair, and stuff your face with chips and pasties till you look like a florid 'jabba the hut' clone.

And if it all goes titsup, no worries, you can always offload the horse to winalot, or some knackers yard somewhere (or Hugh Fernlywhittingless' restaurant).

Brilliant stuff!

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what you do is you borrow the money to buy the first horse. Then when the value of that horse goes up, you use your 'winnings' to buy a second horse.

After a while, both horses have gone up, so you can extract your initial deposit from the first horse and now you own 2 free horses.

Eventually, you can have 700 horses.

After the recent teetering-on-the-edge-of-total-economic-and-financial-meltdown couple of months, it seems appropriate to simplify matters by explaining 21 economic models using cows :

SOCIALISM

You have 2 cows.

You give one to your neighbour.

COMMUNISM

You have 2 cows.

The State takes both and gives you some milk.

FASCISM

You have 2 cows.

The State takes both and sells you some milk.

NAZISM

You have 2 cows.

The State takes both and shoots you.

BUREAUCRATISM

You have 2 cows.

The State takes both, shoots one, milks the other, and then throws the milk

away...

TRADITIONAL CAPITALISM

You have two cows.

You sell one and buy a bull.

Your herd multiplies, and the economy grows.

You sell them and retire on the income.

SURREALISM

You have two giraffes.

The government requires you to take harmonica lessons.

AN AMERICAN CORPORATION

You have two cows.

You sell one, and force the other to produce the milk of four cows.

Later, you hire a consultant to analyse why the cow has dropped dead.

ENRON VENTURE CAPITALISM

You have two cows.

You sell three of them to your publicly listed company, using letters of

credit opened by your brother-in-law at the bank, then execute a debt/equity

swap with an associated general offer so that you get all four cows back,

with a tax exemption for five cows. The milk rights of the six cows are

transferred via an intermediary to a Cayman Island Company secretly owned by

the majority shareholder who sells the rights to all seven cows back to your

listed company. The annual report says the company owns eight cows, with an

option on one more. You sell one cow to buy a new president of the United

States , leaving you with nine cows. No balance sheet provided with the release.

The public then buys your bull.

A FRENCH CORPORATION

You have two cows.

You go on strike, organise a riot, and block the roads, because you want

three cows.

A JAPANESE CORPORATION

You have two cows.

You redesign them so they are one-tenth the size of an ordinary cow and

produce twenty times the milk. You then create a clever cow cartoon image

called 'Cowkimon' and market it worldwide.

A GERMAN CORPORATION

You have two cows.

You re-engineer them so they live for 100 years, eat once a month, and milk

themselves.

AN ITALIAN CORPORATION

You have two cows, but you don't know where they are.

You decide to have lunch.

A RUSSIAN CORPORATION

You have two cows.

You count them and learn you have five cows.

You count them again and learn you have 42 cows.

You count them again and learn you have 2 cows.

You stop counting cows and open another bottle of vodka.

A SWISS CORPORATION

You have 5000 cows. None of them belong to you.

You charge the owners for storing them.

A CHINESE CORPORATION

You have two cows.

You have 300 people milking them.

You claim that you have full employment, and high bovine productivity.

You arrest the newsman who reported the real situation.

AN INDIAN CORPORATION

You have two cows.

You worship them.

A BRITISH CORPORATION

You have two cows.

Both are mad.

AN IRAQI CORPORATION

Everyone thinks you have lots of cows.

You tell them that you have none.

No-one believes you, so they bomb you and invade your

country.

You still have no cows, but at least now you are part of a Democracy...

AN AUSTRALIAN CORPORATION

You have two cows.

Business seems pretty good.

You close the office and go for a few beers to celebrate.

A NEW ZEALAND CORPORATION

You have two cows.

The one on the left looks very attractive.

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Fergus Wilson finds selling his properties heavy going

Alan Lee's weekly Diary includes news of an owner who often runs rank outsiders in the big National Hunt races

Alan Lee, Diary

*

Recommend?

Fergus Wilson is a combative character, always ready to defend his policy of running 100-1 shots in the biggest jumps races. It seems he has not been entirely deterred, either by persistent criticism or by the reported financial problems of the buy-to-let property business he runs with his wife, Judith.

The fortune of the couple, both former maths teachers, was recently estimated at £100 million but the intention to sell their portfolio of 700 properties in Kent, before retirement, has apparently been a casualty of the recession. No buyer has been found.

Wilson's ambition is to win the Grand National and this year's nominees are Cerium, who was fifth last year, and Mr Pointment. Both run in the colours of Mrs Wilson and are also among 19 horses left in the Gold Cup. It is their presence on the big day at Cheltenham next month that would cause controversy - they are respectively rated 60lb and 52lb behind Kauto Star.

Paul Nicholls, trainer of Kauto Star and a vocal critic of Wilson's windmill-tilting, will be the most sensitive on this issue. Meanwhile, the Cheltenham song - an adaptation of Petula Clark's Downtown on which Nicholls is among the chorus singers - continues to attract attention.

It will have its first radio play tomorrow morning on Sarah Kennedy's Radio 2 show. BBC TV's Points West this week screened Edward Gillespie, managing director of Cheltenham, conducting his staff of 25 in an improvised version.

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what you do is you borrow the money to buy the first horse. Then when the value of that horse goes up, you use your 'winnings' to buy a second horse.

After a while, both horses have gone up, so you can extract your initial deposit from the first horse and now you own 2 free horses.

Eventually, you can have 700 horses.

If each horse wins you £10 a month at the races, you're quids in.

And then you can buy a cheap suit made out of a deckchair, and stuff your face with chips and pasties till you look like a florid 'jabba the hut' clone.

And if it all goes titsup, no worries, you can always offload the horse to winalot, or some knackers yard somewhere (or Hugh Fernlywhittingless' restaurant).

Hah hah, excellent!!!!

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'Ello ello' 'What's going on ere then?'

I guess FW's found a fiver down the back of the sofa.

You are demanding payment in advance I hope. :P

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  • 294 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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