UK ACORN,FARM FINANCE,DES PHILLIPS,BEWARE!!!!!

[Vile Farm]

http://www.telegraph.co.uk/news/2017/01/14/struck-solicitor-faces-calls-investigation-loans-farmers/

 

[Acornworm]

Well that's all wrapped up then

Legally binding ,of course

 

[Acornworm]

http://www.telegraph.co.uk/news/2017/01/14/struck-solicitor-faces-calls-investigation-loans-farmers/

The ripples are appearing, tsunami on the way?

 

[Acornworm]

http://www.bailii.org/cgi-bin/forma...(+ors+))+AND+(title:(+v+))+AND+(title:(+Natio
Beats me how judges on cases like this haven't reported Phillips and co to the Police, was this not conspiring to defraud a lending institution .

 

[Truthsayer.]

Walrow farm is valued by SS at £650,000. I have seen some remarks that have cast doubt on this, but no reason given. Can anybody tell me why or how the valuation is likely to be inflated? apart from the obvious fact that Philips is a crook). I already know how he's done it with Acorn house. Real estimate for Walrow? Is it for sale somewhere? Can't find it.(

 

[mendips]

Can anybody tell me why or how the valuation is likely to be inflated?

Think I can help you here. History has established many of the property valuations in which Phillips has been involved are to put it in the nicest possible way 'customised to suit'. To suit whom you may well ask but I'll leave you to make your own mind up on that, no disrespect intended.

 

[Vile Farm]

http://www.colstonandcolston.com/property/highbridge-mark-road-landsouth-side/

there you go truthsayer, on market for 3 months now

 

[Truthsayer.]

Thank you very much. So much for the £650,000 valuation for SS, presuming it's one and the same with nothing removed.

 

[mendips]

High cashflow/turnover can cover up a multitude of sins (rob Peter to pay Paul) but as Phillips is finding out this doesn't last forever. With the help of his cronies and the failings of the 'system' the criminality was able to keep going for as long as it has and sod the consequences to the victims.

 

[Acornworm]

High cashflow/turnover can cover up a multitude of sins (rob Peter to pay Paul) but as Phillips is finding out this doesn't last forever. With the help of his cronies and the failings of the 'system' the criminality was able to keep going for as long as it has and sod the consequences to the victims.

Spot on.The carousel is about to come to a shuddering halt,some will try and jump,others will have to hold on for grim death,there will be casualties.Our latest journalist friend will only be one of many,clamouring for this story,the numbers of affected people have been grossly underestimated,this is a huge story with sub plots galore .There will be a cost to those ill gotten gains.

 

[Truthsayer.]

Yes, clever accounting. I'm pretty sure it is behind the valuations for SS.

 

[Vile Farm]

I see in August the lender went back to ask the surveyor to review his valuation of the 'office block'

...following which the surveyor left the firm

coincidence or what?

 

[Acornworm]

Thank you very much. So much for the £650,000 valuation for SS, presuming it's one and the same with nothing removed.

Very much the same,just as it was when Brent Farms purchased it for £650K

 

[Acornworm]

Can anybody tell me why or how the valuation is likely to be inflated?

Simples,bigger the valuation, bigger the loan and if you're not planning on paying it back,or at worse losing your security with a realistic value of less than £300k ,still a nice bit of profit.

 

[renewablejohn]

Whats in a name

Well quite a lot really under FCA rules Conc 2.3.3R prevents a firm using a name that might mislead customers as to the nature of the business.
If a group of companies has two companies one called Lancashire Mortgage Corporation Ltd and the other Bridging Finance Ltd. Would you expect a loan from Lancashire Mortgage Corporation to be a Bridging Loan or a pre-computed Mortgage.

Why does it all matter well there just changing the name from Lancashire Mortgage Corporation Ltd to Together Financial Services Ltd.

 

[mgb]

Toad must have same connections as Rolls Royce who seems to pulled wool over SFO with pulltry fine should be criminal!!

 

[fighter]

Don't think Toad has had even a paltry fine yet!

 

[renewablejohn]

Toad must have same connections as Rolls Royce who seems to pulled wool over SFO with pulltry fine should be criminal!!

Cannot think of anywhere in the world where a brown envelope is not part of the trade negotiations. Dont know why people are surprised its a skill that has been around for centuries.

 

[mgb]

I am disappointed.so were do you draw the line?

 

[renewablejohn]

I am disappointed.so were do you draw the line?

You dont you join the club. Thats why I have no fear over Brexit. Without the shackles of the EU we have some of the best trade negotiators in the world.