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 Post subject: Re: For sale: Britain's biggest buy-to-let empire
PostPosted: Sun Jun 27, 2010 5:39 pm 
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Speculator

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Cld have saved themselves a cool 10mln in extra CGT if they had sold it all before the latest budget!


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 Post subject: Re: For sale: Britain's biggest buy-to-let empire
PostPosted: Tue Aug 03, 2010 1:32 pm 
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Of Systemic Importance
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They sold up last year - the Telegraph article is from last September.


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 Post subject: Re: For sale: Britain's biggest buy-to-let empire
PostPosted: Tue Aug 03, 2010 2:33 pm 
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Too Big to Fail

Joined: Jan 29, 2008
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ex-Patrick wrote:
They sold up last year - the Telegraph article is from last September.


No they tried to sell their entire portfolio last year in one lump but failed to find a buyer. They then decided to drip feed them onto the market and in March this year they were reported to be selling them at a rate of two per week.

With over 700 properties to sell they probably still have some ways to go.

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 Post subject: Re: For sale: Britain's biggest buy-to-let empire
PostPosted: Wed Mar 29, 2017 8:29 am 
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Joined: Sep 29, 2010
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Location: London, innit
http://www.irishtimes.com/news/world/uk ... -1.3028789

Quote:
Landlord bans ‘coloured’ tenants over ‘curry smells’
Britain’s biggest buy-to-let investor Fergus Wilson faces legal action over ban




Britain’s biggest buy-to-let investor who banned “coloured” tenants from renting his homes because he claims they make them smell of curry faces the prospect of legal action.
Fergus Wilson (69) insisted he was not racist and that it was an “economic decision” made after he was left thousands of pounds out of pocket from ridding a home of curry smells.
Mr Wilson, long regarded as Britain’s biggest buy-to-let investor with hundreds of properties in Kent, faced a backlash after an email surfaced setting out his ban to a letting agent.
The email, leaked to The Sun newspaper, listed his requirements for potential tenants, including: “No coloured people because of the curry smell at the end of the tenancy.”
Now the Equality and Human Rights Commission has pledged to investigate and ask Mr Wilson to explain his actions amid comparisons to the “Alf Garnett era” of 1960s Britain.
Garnett was a racist bigot on the BBC sitcom Till Death Us Do Part.
Its chief executive Rebecca Hilsenrath described Mr Wilson’s remarks as “truly disgusting” and added: “Unless we are satisfied that he will not commit unlawful acts in the future we will take legal action.”
But Mr Wilson was defiant. He said he “probably must have” sent the email, and that he would send it again to avoid being saddled with the cost of removing curry smells from one of his homes.
He said: “The problem is the smell gets in the carpets, particularly the bloody carpets. It’s the cost of re-carpeting, which in a decent detached house can be rather expensive.
“So all your profits for maybe a year or more is now going on new carpets.”
He added: “If that makes me racist, that makes 99 per cent of people who buy houses racist.
“How many white people are going to go into a house that smells of curry and are going to buy the house? They are just going to walk away like me and not make an offer.”
Mr Wilson, who has also banned plumbers from renting his homes after claiming he had been ripped off in the past, said he was happy to rent to “negros” as “they haven’t generated a curry smell at the end of the tenancy”.
But he was “wary” of letting to Indians after losing more than £12,000 in rent and re-carpeting costs over a six-month period because one of his properties smelled of curry.


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 Post subject: Re: For sale: Britain's biggest buy-to-let empire
PostPosted: Wed Mar 29, 2017 9:54 am 
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I've written about this here in the past.
He's 100% correct.

Indians are lovely tenants and cause little hassle, but the stench from their cooking permeates everywhere.
And it is extremely offensive to non-Indian or Pakistani noses.
When you are showing the property after an Indian tenant, you can see the disgust in faces the instant people enter the property.

Carpets, furniture, kitchen, beds/mattresses etc., the smell is absolutely impossible to get out for months on end, so the property lies unoccupied.
And no, a professional clean doesn't work.


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 Post subject: Re: For sale: Britain's biggest buy-to-let empire
PostPosted: Wed Mar 29, 2017 10:02 am 
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Of Systemic Importance

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Posts: 5475
mr_anderson wrote:
He's 100% correct.

He's proposing to discriminate on the basis of race, not cooking habits. The two are only loosely correlated.

This is unreasonable on the same basis that it is unreasonable to avoid employing women of childbearing age because they have a higher probability of requiring time off to be with their kids.

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 Post subject: Re: For sale: Britain's biggest buy-to-let empire
PostPosted: Wed Mar 29, 2017 10:09 am 
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@mr_anderson surely you can screen in a non-racist way by asking for (and following up) landlord references, like you would to prevent any other sort of damage?

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 Post subject: Re: For sale: Britain's biggest buy-to-let empire
PostPosted: Wed Mar 29, 2017 11:30 am 
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Eschatologist wrote:
mr_anderson wrote:
He's 100% correct.

He's proposing to discriminate on the basis of race, not cooking habits. The two are only loosely correlated.

This is unreasonable on the same basis that it is unreasonable to avoid employing women of childbearing age because they have a higher probability of requiring time off to be with their kids.

I know quiet a few small (and HR people in not so small Orgs) employers who have this as 1 of their main criteria unless details indicate otherwise i.e. the applicant may have a few kids already


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 Post subject: Re: For sale: Britain's biggest buy-to-let empire
PostPosted: Wed Mar 29, 2017 11:42 am 
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FreeFallin wrote:
I know quiet a few small (and HR people in not so small Orgs) employers who have this as 1 of their main criteria unless details indicate otherwise i.e. the applicant may have a few kids already

Yes, this is one reason why the public sector is popular with women - they tend not to get discriminated against in the same way.

It's still unreasonable/antisocial and illegal.

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 Post subject: Re: For sale: Britain's biggest buy-to-let empire
PostPosted: Wed Mar 29, 2017 12:17 pm 
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Joined: Sep 29, 2010
Posts: 8789
Location: London, innit
Eschatologist wrote:
mr_anderson wrote:
He's 100% correct.

He's proposing to discriminate on the basis of race, not cooking habits. The two are only loosely correlated.


Ironic really. Imagine Indians being discriminated against on basis of diet/race

http://indianexpress.com/article/cities ... n-3051770/

http://www.mid-day.com/articles/meat-ro ... s/16535158


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