A property investor has been jailed for failing to declare funds
A property developer has been sentenced to 18 months in prison after failing to declare £143,000 he removed from his estate.
Giles Nicholas Gilbey had received the money from his share of the sale of his family home. He could not satisfactorily show where the money had gone, despite knowing it should have gone to his creditors. Continue reading 18 months in jail for bankrupt property developer
The Bank of England interest rate may hover around 0.5% for at least another two years because of a weak economy and overwhelming personal debt.
Bank governor Mervyn King has hit out at interest rise hawks speculating that rates must soon go up in a speech to a finance committee at the European Parliament. Continue reading UK interest rates may not rise for years, says BoE governor
Buy to let landlord Michael Parkinson was allegedly stabbed to death by his wife after their property dream soured under financial pressures.
Jennifer Parkinson, 65, denies murdering her 63-year-old husband after a row at their home in Gosport, Hampshire. Continue reading Buy to let couple’s row over money ended in murder
This week I’ve been involved in a group debate with three people who hide their identity on a popular property investors forum.
The people on the opposite side of the debate consider me to be a property Bull and themselves to be Bears. They do not invest into property. One went under the handle “Wisebear”. Continue reading The origins of the phrase Bulls and Bears – heated debate