« Wish you were here! Ward Homes Investors Holiday Let Showcase | Main | Last Landlord Standing ... »

February 27, 2009

Whilst I was chatting on the radio ...

OK so it's a gratuitous plug, however, a conversation came out of it that was worth noting.

Bbc-radio-5-live1


One of the other guests on the show worked with the Citizens Advice Bureau and dealt with "debt" management.

He had a case where a "Lorry driver" had got webbed up with a "property club" and bought 8 BTL's. All were bought using "sub-prime" mortgages and clearly he was in a pickle.

Firstly, my back gets straight up that he was allowed, by some salesmen masquerading as a property expert, to re-mortgage his home to purchase. However, it was something the CAB chap said that struck a chord with me.

He came to him as a Lorry driver with some BTL's but the CAB chap told him he, actually, was a professional landlord and a part time lorry driver.

Big difference.

If he had been taught this in the first place, the outcome might have been different.

Let me know your thoughts.

If he had been taught this in the first place, things might have been different.

Let me know your thoughts on our forum 4walls Property Tribes - click here -

P.S I rant on the radio quite a lot, so stay tuned.

Nick


4walls logo new

TrackBack

TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d834529e4569e2011168998269970c

Listed below are links to weblogs that reference Whilst I was chatting on the radio ...:

Comments

The comments to this entry are closed.

My Other Accounts

Delicious Facebook Flickr FriendFeed Last.fm LinkedIn Ning Other... Pownce Skype TwitPic Twitter Typepad Wordpress YouTube

Twitter Updates

    follow me on Twitter

    Twitter counter