Good Old Fergus!

Crashy_Time

ruggedtoast wrote: »

And it's made them so happy.

My point of objection about the Wilsons is that Mortgage Express should have foreclosed on them. If it were you or I unable to meet our mortgage payments that is what would have happened to us.

But because they were mega investors they were given special terms and reduced payments. To me that is just another example of big business getting a leg up over normal people.

Its no different to Flo's Cafe down the road going out of business because they cant pay their rates when the Starbucks next door flourishes without paying a penny.

Seems to be a reluctance on here to acknowledge the difference between "wealth" and "a pile of debt" :rotfl: Ah well, maybe Fergy will sell something soon, give the team some hope sort of thing....

Thrugelmir

ruggedtoast wrote: »

My point of objection about the Wilsons is that Mortgage Express should have foreclosed on them. If it were you or I unable to meet our mortgage payments that is what would have happened to us.

Why? For all their skills in building their empire. Perhaps the Wilsons just required someone to bring a sense of financial order to the situation. Put the business back on a stable footing. The business going under would have cost the UK taxpayer a lot of money.

wotsthat

Crashy_Time wrote: »

Seems to be a reluctance on here to acknowledge the difference between "wealth" and "a pile of debt" :rotfl: Ah well, maybe Fergy will sell something soon, give the team some hope sort of thing....

You seem to be having a panic attack about a stranger's debt.

Explains a lot.

Crashy_Time

wotsthat wrote: »

You seem to be having a panic attack about a stranger's debt.

Explains a lot.

Well I don`t have any debt to worry about myself....... :rotfl:

danothy

Crashy_Time wrote: »

Well I don`t have any debt to worry about myself....... :rotfl:

Is worrying about your mortgage any different to worrying about your rent? Apart from the fact that one is indefinite/perpetual I mean ...

Crashy_Time

danothy wrote: »

Is worrying about your mortgage any different to worrying about your rent? Apart from the fact that one is indefinite/perpetual I mean ...

I don`t worry about my rent though, and felt sure I had explained that enough times for the resident Doghnuts to comprehend ...:T

Jack_Johnson_the_acorn

Crashy_Time wrote: »

I don`t worry about my rent though, and felt sure I had explained that enough times for the resident Doghnuts to comprehend ...:T

Most people on here don't worry about their mortgage, some don't have a mortgage at all and better still, no rent either..... why is it that a doughnut (spelt correctly) such as yourself, can't comprehend that...... :T

danothy

Crashy_Time wrote: »

I don`t worry about my rent though, and felt sure I had explained that enough times for the resident Doghnuts to comprehend ...:T

So if it's normal to not worry about a monthly payment for somewhere to live what is so bad about having a mortgage? You seem to prefer the idea that a monthly payment for somewhere to live that will never end over a monthly payment for somewhere to live that will end eventually. I can't understand this.

padington

danothy wrote: »

So if it's normal to not worry about a monthly payment for somewhere to live what is so bad about having a mortgage? You seem to prefer the idea that a monthly payment for somewhere to live that will never end over a monthly payment for somewhere to live that will end eventually. I can't understand this.

Clearly, Crashy can't understand it either. STILL ! :rotfl:

On side note, 'Let to buy' looks like it could put the cat amoung the renting pigeons.

ruggedtoast

Thrugelmir wrote: »

Why? For all their skills in building their empire. Perhaps the Wilsons just required someone to bring a sense of financial order to the situation. Put the business back on a stable footing. The business going under would have cost the UK taxpayer a lot of money.

Why would it have cost the UK taxpayer a lot of money?

It was only Mortgage Express and the Wilson's themselves who were exposed to the Wilson's property empire.

Having to pay housing benefit to the Wilson's for occupancy of Kent homes that had they not been hoovered up by what are by all accounts pretty awful landlords, might actually be starter homes for young families, is costing the tax payer a lot of money.

Unless Fergus Wilson and Judith Wilson are now honorary wards of the State, like the Windsor's or something, I don't think their bankruptcy would especially bother anyone.