The Wilsons are going under.

Graham_Devon

FungusFighter wrote: »

Hold the glee a mo guys, dunno if it's been mentioned but what happens to the tennants if the wilson's go teetsup?

Ashfords homeless numbers would rocket:eek:

Well firstly, I'd assume some sort of business would be bought in to sort out the mess.

I'd imagine that all houses in Ashford would see their values plummet, so business may offer those homes to the tennants at a knock down price, as thats an easy'ish sale and it sorts out the tennants.

Secondly, other BTL investors may buy up some of the stock, I'm sure there would be high interest, but hopefully there would be some sort of rules imposed, say 10 houses only to each investor.

Thirdly if all else failed, the council would have to be bought in and the taxpayer would have to sort it out. Maybe the council would temporarily take the stock on under the buying scheme currently going at the moment.

Theres a fair few options. Obviously all would be emergency options.

leveller2911

FungusFighter wrote: »

Hold the glee a mo guys, dunno if it's been mentioned but what happens to the tennants if the wilson's go teetsup?

Ashfords homeless numbers would rocket:eek:

I wouldn't worry Fungus, they're building more houses opposite the Park Farm estate......They should cost less and the tenants may be in a position to buy now that "The Coachman and Rupert bear" are out of the market

FungusFighter

leveller2911 wrote: »

I wouldn't worry Fungus, they're building more houses opposite the Park Farm estate......

Nice view then..:rolleyes:

leveller2911

FungusFighter wrote: »

Nice view then..:rolleyes:

Oh Yes, right next to the railway line too.........Lurvelly....

FungusFighter

leveller2911 wrote: »

Oh Yes, right next to the railway line too.........Lurvelly....

You local then mate?

Generali

FungusFighter wrote: »

Hold the glee a mo guys, dunno if it's been mentioned but what happens to the tennants if the wilson's go teetsup?

Ashfords homeless numbers would rocket:eek:

AIUI, if the houses are bought with a legitimate BTL loan then the tenancy agreement is respected.

leveller2911

FungusFighter wrote: »

You local then mate?

Fairly local Fungus, about 10 miles.Went shopping for a TV yesterday and was shocked to see yet more houses going up and yet they still havent built any new Dr,s surgeries ,corner shops or schools.

All they have done is built lots and lots of poor quality houses and no infra-structure......That together with them keep changing the road lay-outs just goes to show they don't have a proper plan for Ashford.....

My FIL remembers Ashford as a village and he,s only 66....There are some very RICH farmers around the area now.......But then you never see a farmer on a bike.....

FungusFighter

Generali wrote: »

AIUI, if the houses are bought with a legitimate BTL loan then the tenancy agreement is respected.

So anyone buying one as a repo would get a sitting tenant?

Can't see many FTB's jumping in (unless they felt like sharing....:D)

FungusFighter

leveller2911 wrote: »

Fairly local Fungus, about 10 miles.Went shopping for a TV yesterday and was shocked to see yet more houses going up and yet they still havent built any new Dr,s surgeries ,corner shops or schools.

All they have done is built lots and lots of poor quality houses and no infra-structure......That together with them keep changing the road lay-outs just goes to show they don't have a proper plan for Ashford.....

My FIL remembers Ashford as a village and he,s only 66....

Same here mate, got a development of 100plus houses going up with no road leading to it, can't wait to see how that one's going to resolve isself:rotfl:(Helipad perhps?)

Mr.Brown_4

Generali wrote: »

AIUI, if the houses are bought with a legitimate BTL loan then the tenancy agreement is respected.

Perhaps it's time for some geography teachers to have a go for a change.