Thursday, February 18, 2010
There is a God… It’s hard not to snigger!
Buy-to-let gurus see empire crumble
"Financial Mail has learnt that at least one property has been put into receivership by a major lender". "Fergus Wilson, 62, has even been dubbed the 'van Hoogstraten of Kent', after the notorious landlord Nicholas van Hoogstraten, who built a huge portfolio of properties in Brighton and Hove, East Sussex." "The couple also face action from a number of local authorities that are owed council tax on unlet houses." I smelt a rat from the start; they bought too many properties in only two areas thus leaving them unable to off load in a bad market without causing value damage to what they held on to. Lot's of bull shit "I sue anyone...bla...bla...bla" inevitably means trouble ahead, isn't that right Grant!
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