Friday, November 20, 2009
It’s all lies, I tell ye
Property tycoon Fergus Wilson has denied claims in the Daily Mail that he is in mortgage arrears. The 61-year-old, with a personal fortune of about Â£70 million, denies claims that he is Â£350,000 behind on mortgage payments, and that three of his properties are now worth only Â£160,000. â€œThe long and the short of it is someone has got the wrong end of the stick,â€ he said.He claimes the Â£350,000 figure refers to the money he would have saved if 30 of his properties had not been on fixed mortgage rates. â€œIt doesnâ€™t do the residents of Ashford any favours either because itâ€™s saying all their properties have gone down." He offered to give Â£5000 to charity if anyone could fine a 3 bed detached property in Park Farm for Â£160,000, as the newspaper claimed.