Tuesday, January 07, 2014

Buy-to-let tycoon evicts tenants on benefits in favour of Eastern Europeans - because 'they are better at paying rent'

  • Fergus Wilson has sent eviction notices to 200 tenants on housing benefit
  • He said Eastern Europeans less likely to default on rent than Britons
  • Mr Wilson said many other private landlords had taken the same decision
A buy-to-let tycoon has banned housing benefit tenants in favour of Eastern European migrants who he says are more likely to pay their rent on time.
Fergus Wilson has sent eviction notices to 200 tenants on housing benefit and said he would not accept any more welfare applicants.
The former maths teacher, who built up one of Britain’s biggest buy-to-let empires with his wife Judith, said his decision was based on experience as he had found Eastern Europeans were less likely to default on rent payments than Britons on housing benefit.
Fergus Wilson has sent eviction notices to 200 tenants on housing benefit and said he would not accept any more welfare applicants.
The former maths teacher built up one of Britain's biggest buy-to-let empires with his wife Judith
Fergus Wilson has sent eviction notices to 200 tenants on housing benefit and said he would not accept any more welfare applicants. The former maths teacher built up one of Britain's biggest buy-to-let empires with his wife Judith

He said many other private landlords had taken the same decision, a claim echoed by housing charities including Shelter. It warned ‘benefit blackspots’ were forming across Britain as claimants have been forced to move out of popular areas.
Private landlords have the right to refuse or accept tenants, and recent evidence suggests they do not want those who rely on housing benefit.
Research from the National Landlords Association in December revealed that the number of private landlords letting to people on benefits had dropped to just one in five.
Mr Wilson, 65, said housing benefit rates had gone down in recent years, while private rent had gone up.
 
‘The gap is such that I have taken the decision to withdraw from taking tenants on housing benefit,’ he told The Guardian. ‘From what I can gather just about all other landlords have done the same. Our situation is that not one of our working tenants is in arrears – all those in arrears are on housing benefit.’
Mr Wilson said the housing shortage in the South East meant there was strong competition for rental properties, and he now preferred tenants from countries like Poland, who were more likely to pay their rent on time.
He said private landlords run their properties as a business and have to make decisions based on economic factors.
Mr Wilson said his decision was based on experience as he had found Eastern Europeans were less likely to default on rent payments than Britons on housing benefit. He said many other private landlords had taken the same decision, a claim echoed by housing charities including Shelter
Mr Wilson said his decision was based on experience as he had found Eastern Europeans were less likely to default on rent payments than Britons on housing benefit. He said many other private landlords had taken the same decision, a claim echoed by housing charities including Shelter

‘Tenants on benefits are competing with Eastern Europeans who came to the UK in 2005 and have built up a good enough credit record to rent privately,’ Mr Wilson said.
‘We’ve found them to be a good category of tenant who don’t default on the rent. With tenants on benefits the number of defaulters outnumbers the ones who pay on time.
‘Single mothers on benefits have been displaced to the bottom of the pile; sympathy for this group is disappearing. There aren’t enough places for people to live.’
Mr Wilson and his wife, also a former maths teacher, started their property empire in 1986.
They were said to have been on the brink of financial ruin in 2008 after banks stopped lending in the credit crunch, but were saved when the Bank of England slashed interest rates and held them at a historic low.
They now own nearly 1,000 properties around Ashford in Kent and their property empire has been valued at an estimated £225million.
Around nine million people pay rent to a private landlord. Shelter said some 500,000 claim housing benefit.
Its spokesman Roger Harding said the refusal of some private landlords to accept welfare claimants as tenants meant they were forced to leave desirable locations and accept poor quality housing.
He said: ‘If this continues we will see blackspots where people on housing benefit simply  cannot find anywhere reasonable.’
NWN: It's filth like this that should be taxed to high heaven by the Government. All these types care about is counting their money. Patriotism is totally alien and he probably gives donations to the main parties who are bringing in all these immigrants.

20 comments:

Anonymous said...

Jews Dominate Sweep of Pedophiles.


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Anonymous said...

Arsenal vs Spurs game: Anti-Semitic tweets probed.(OH DEAR)

http://www.bbc.co.uk/news/uk-england-london-25640259

Anonymous said...

The Failed State Of Israel.


http://www.rense.com/general96/failedstate.html

Anonymous said...

Marxists Love The "New World Pope".


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Anonymous said...

Stanley Fischer: A Dual U.S./Israeli Citizen and Pro-Israel Activist as Vice-Chair of the Fed.


http://www.theoccidentalobserver.net/2014/01/stanley-fischer-a-dual

Anonymous said...

Making Sense of the Turmoil In Iraq .


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Anonymous said...

Zionist ‘Mission Accomplished’: Sunni Shia Civil War Spreads Across Iraq.


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Zionist ‘Mission Accomplished’: Sunni Shia Civil War Spreads Across Iraq.


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GWR said...

Some interesting stuff on the greedy Wilsons on WIKIPEDIA;

http://en.wikipedia.org/wiki/Fergus_and_Judith_Wilson

GWR said...

The retired Kent maths teacher and his wife Judith are estimated to be worth £180 million thanks to their buy-to-let property business.

Their latest brainchild is to import Polish dentists to counter the NHS shortage.

http://www.thesun.co.uk/sol/homepage/sport/other_sports/racing/article1681786.ece

Here is an example of them helping to import foreigners into the UK.

GWR said...

Millionaire Fergus Wilson, 59, of Heath Road, Boughton Monchelsea near Maidstone was fined for driving whilst using a mobile phone.

http://www.kentonline.co.uk/kentonline/newsarchive.aspx?articleid=40481

Anonymous said...

Ukip is fuelling 'nationalist hysteria' over Europe, peer clams in pro-EU Lords debate.

http://www.express.co.uk/news/uk/452530/Ukip-is-fuelling-nationalist-hysteria-over-Europe-peer-clams-in-pro-EU-Lords-debate

Anonymous said...

Boy of 12 hauled out of class by police over David Cameron Facebook protest

Check out all the latest News, Sport & Celeb gossip at Mirror.co.uk http://www.mirror.co.uk/news/uk-news/boy-12-hauled-out-class-268999#ixzz2pkDiGzme

Anonymous said...

Labour and Lib Dem whips discuss how to block Tory-backed EU referendum

Parties confident bill will not reach statute book since it will not have enough time to complete all its stages in both houses.

http://www.theguardian.com/politics/2014/jan/07/labour-liberal-democrats-opposing-eu-referendum

Anonymous said...

The stupid white working class still voted labour, though Labour didn't have many council houses built if any!

Anonymous said...

The stupid white working class and kid's are brainwashed by the last 50,year's of Zionist brainwashing that's the only reason I tolerate them.

Anonymous said...

'Rich Chinese' to snap up new flats which will be built on site of brewery in Wandsworth.


Hundreds of new flats to be built on the site of London’s oldest brewery are likely to be bought by “rich and middle class Chinese” buyers, its new Asian owners said today.



The Ram Brewery — where beer was first produced in 1576 — and seven acres of land in the heart of Wandsworth have been sold to a state-owned Chinese developer in a £600 million deal unveiled this morning.

The site will be turned into a new “town centre” with 661 new homes, shops, bars and restaurants. The scheme also includes a 36-storey landmark tower with 166 flats.

Zhang Yuliang, chairman of Shanghai based developers Greenland Group expects the development to be hugely attractive to Chinese investors.

In a statement issued in Shanghai to newswire Bloomberg, he said: “The prospect for our overseas property business is great. Rich and middle-class Chinese will be the main buyers of our projects.”

Anonymous said...

Police officer 'stole thousands of accident victims’ details from a computer and sold them with her lover and his wife in £1 million conspiracy'
Sugra Hanif, 27, 'downloaded 2,456 unique reference numbers from Thames Valley Police computers and sold them to injury lawyers for £800 fee each'
She and lover Raza Khan deny obtaining personal details and conspiracy
Khan's wife, Paramjeet Kaur, 26, also accused of conspiracy, denies charge

Winchester Crown Court heard trio used 'pressure techniques' on victims


Read more: http://www.dailymail.co.uk/news/article-2535341/Police-officer-stole-thousands-accident-victims-details-computer-sold-lover-wife-1-million-conspiracy.html#ixzz2pkxy2TCZ

Anonymous said...

Romanian migrant treated to Costa Coffee by Keith Vaz is accused of being a drug user who beat up his girlfriend and threatened to drown her
Victor Spirescu 'met up with his ex-girlfriend in a park and attacked her'
Reports say the Romanian was fined by a court and ordered to pay compensation
He was greeted at Luton Airport by MPs when he arrived in the country on New Year's Day after labour marker restrictions were eased
Migrant now works in a car park next to an Aldi store in Bedfordshire


Read more: http://www.dailymail.co.uk/news/article-2535759/Romanian-migrant-treated-Costa-Coffee-Keith-Vaz-exposed-drug-user-beat-girlfriend-threatened-drown-her.html#ixzz2pq70TzeW

Jenny Craig said...

Buy-to-Let Property (BTL), Investment Property, Rental Income & Tax
Buy-to-let property is presents itself as a common feature of most tax payers’ self-assessment tax returns and the UK Housing market. There are a several tax liabilities you will be faced with when investing in BTL property and renting out a Buy-to-Let property (BTL). Brighton Accountant are first and foremost taxation specialists.

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