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!

Posted by tim miller @ 06:07 PM (676 views)
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