Saturday, December 8, 2007

No need to buy a canoe… foreign BTLers will just empty their bank accounts and fly home

Our life of lies, by the 'dead' canoeist's wife

I know this is a personal tragedy and I do not want to make fun of it. "Mrs Darwin claimed that her husband planned his disappearing act at the beginning of 2002 to escape debt from a failing property portfolio. "We were struggling to make payments and there were late payment fees and bank charges that crippled us." Much simpler for the London BTLers who can just wire funds offshore and fly back home! Good luck to the banks left with the keys of tenanced flats

Posted by confused76 @ 10:31 AM (700 views)
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4 thoughts on “No need to buy a canoe… foreign BTLers will just empty their bank accounts and fly home

  • ok, people can make fun of it or not, but i’ve made poor financial decisions and i live with the consequences rather than turning to crime. don’t feel bad about laughing at these alleged fraudsters. btw, how on earth did they manage not to be quids in by 2002?

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  • This is a story of our times, how many more people will just vanish when the debt mountain in this country finally implodes.

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  • Credit checks are a joke, but even ID checks on foreign buyers are worthless… what an armageddon when default starts!
    far worse than in the US

    I have recently posted comments by the City Superwoman that the rational choice for BTL owners of flats in “executive” blocks is just to let the key in the door and walk away

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