The Wilsons are going under.

Mr.Brown_4

I like the modest house description. Modest house? With a 100 million quid? It doesn't add up.

Even our very own successful BTLer could only afford an Aygo after the HPI boom years!

Modest house. Aygo.

And then bankruptcy, would be my guess.

What do you reckon? Another 6 months, a year?

What I wonder is if the Wilsons and Pickles can't make it - what hope is there for the thousands of other investors who bought all the way up to the peak. Surely at some point the banks have to take the hit and just repossess.

Zandoni

Mr.Brown wrote: »

I like the modest house description. Modest house? With a 100 million quid? It doesn't add up.

The modest house is their official residence, they don't actually live there. They have a very large house with stables etc a mile or so away.

leveller2911

Zandoni wrote: »

The modest house is their official residence, they don't actually live there. They have a very large house with stables etc a mile or so away.

Fungus still has his old beaten up Landrover, guess it reminds him of when he was poor.:D Kinda keeps his feet on the ground.

dopester

wageslave wrote: »

The really ugly thing about the Wilsons is the amount of help they appear to be getting via re-negotiated deals while struggling families have lost their homes.

It is an outrage. :mad:

MissMoneypenny

Mr.Brown wrote: »

Are they still looking for that Russian businessman who was apparently lined up to save them?

5th October 2009
"Mr Wilson also denies he is desperate for cash to keep his property empire afloat. He claims to have three buyers 'cutting each other's throats' to buy the couple's portfolio."
http://www.thisismoney.co.uk/mortgages-and-homes/buy-to-let/article.html?in_article_id=491499&in_page_id=56

MissMoneypenny

sarkin1 wrote: »

The reason they are so disliked is because they are obnoxious vermin

http://www.youtube.com/watch?v=x9lrqXLVw-E

Causing trouble here too.

Buy-to-let gurus 'selling land to travellers'


http://www.thisismoney.co.uk/mortgages-and-homes/buy-to-let/article.html?in_article_id=491499&in_page_id=56

chucky

Graham_Devon wrote: »

Oh right.

So let me educate myself a little here.

YOU can claim that the properties are NOT unoccupied for 6 months. You don't actually know this, but you will claim it anyway. And THAT is of course ok for you to do that.

I "claim" so I am told that the properties are unoccupied for over 6 months....not that I ever said that.... but I'm simply told that's what I meant. I don't actually KNOW this, so therefore I am wrong.

So I'm wrong on two counts where you are right....

Firstly that the article doesnt state something, therefore you are obviously right and I am wrong.

And secondly when I don't say something, therefore you tell me what I am claiming, you are right because you have told me I am saying something else and I am therefore wrong.

Wow. That's an eye opener to me. Obviously I haven't quite got the jist of forums.

quite a spirited and impressive defence you've put together

but from your past and current contributions it's a surprise that you've just realised about the eye opener, you're not the brightest... but at least the internet keeps you from meeting real people and away from the bookies of course

MissMoneypenny

chucky wrote: »

you either get a 50% exemption of your council tax on empty furnished properties or you get 100% exemption on unfurnished empty property.

you got to be stupid to have to pay or even owe council tax on an un-let property.

at least it gets the frothers all excited and trying to speak a foreign language.

you're not very good at this are you :eek:

This seems to be the exemption that would apply to the Wilsons for Ashford's Council Tax

"Unoccupied Properties

• Properties which are unoccupied and unfurnished are exempt from Council Tax for the first six months."

http://www.ashford.gov.uk/default.aspx?page=7151

I assume that it is "six months" of ownership? After that they seem to have to pay in full?


For their properties in Hawkinge, it seems that Shepway Council just give 10% discount for properties that are unoccuppied for more than six months.


For Maidstone Council, they appear to fit into this:-

"Unoccupied and substantially unfurnished dwellings (ignoring less than 6 weeks occupation) for less than 6 months. The exemption is limited to 6 months. From the 1 April 2004, the full charge is payable after the exempt period has expired."
http://www.maidstone.gov.uk/advice_and_benefits/council_tax/whos_exempt_from_paying.aspx

PasturesNew

And, if they have empty properties, they can't drop the rents to get people in because ... that'd push down rents for all of their properties and the whole town.

Oh dear...

chucky

MissMoneypenny wrote: »

This seems to be the exemption that would apply to the Wilsons for Ashford's Council Tax

"Unoccupied Properties

• Properties which are unoccupied and unfurnished are exempt from Council Tax for the first six months."

http://www.ashford.gov.uk/default.aspx?page=7151

I assume that it is "six months" of ownership? After that they seem to have to pay in full?

it's not by start of ownership it's each time it's empty, so you can have it empty for 6 months in between each tenant,

MissMoneypenny wrote: »

For their properties in Hawkinge, it seems that Shepway Council just give 10% discount for properties that are unoccuppied for more than six months.


For Maidstone Council, they appear to fit into this:-

"Unoccupied and substantially unfurnished dwellings (ignoring less than 6 weeks occupation) for less than 6 months. The exemption is limited to 6 months. From the 1 April 2004, the full charge is payable after the exempt period has expired."
http://www.maidstone.gov.uk/advice_and_benefits/council_tax/whos_exempt_from_paying.aspx

that's a good point it probably does vary by council but i'm sure that if they are unfurnished and empty no council tax is payable but i'm happy to be proved wrong. the reason for this is because you could be having works done for example.

from both your links:
Ashford council

Properties which are unoccupied and unfurnished are exempt from Council Tax for the first six months.

Maidstone council

Unoccupied and substantially unfurnished dwellings (ignoring less than 6 weeks occupation) for less than 6 months.

if they wanted to these two were bright enough they could avoid being liable for council completely. this is why i don't think council tax will be a big issue for these guys.

however, for me their only issue is cashflow not minor issues like council tax that are avoidable for them anyway.