A note about money. We've speculated that she was anxious to improve her financial position. The police commented that she was successful at handling money. She mentioned a £3,000 commission and this was clearly a material amount to her.
She bought her Disraeli Road flat in 1984. I calculate that she probably bought this for £55,000, with an 85% mortgage of £46,000 plus a £9,000 deposit of her own.
I derived this by working backwards from 1993's known estate value of £47,000. Assuming that was the proceeds of the flat sale in November 1986, it would have doubled over 7 years if on deposit at 10% (average rates over that time). So it must have started out as about £24,000.
The flat sold for £70,000 in 1986. So the £24,000 must be what was left after paying off the mortgage (the other £46,000).
I derived the ~£55,000 purchase price of Disraeli Road by applying two years of London house price inflation (10 to 12% a year in that period) to the 1986 price. This means a £70,000 property would have sold for £55,000 two years before.
So she put down £9,000 (inheritance from grandmother) and borrowed £46,000 to buy Disraeli. She'd have needed a salary of about £13,000 to get that mortgage. The repayments would have been about £420 a month and that salary would have brought in about £720 a month.
Her mortgage was thus costing her 58% of her net salary, before any other costs. Add in utilities, service charges and property taxes, all to be met from the £300 a month left over, and you can see why she needed the fully expensed company car plus Roger the Lodger. She was in no position to make any financial commitment of her own.
Note that Cannan's claim of being on £300 a week humping cases around disintegrates when you consider that this is more than SJL would have had to spend in a month.
Following the money was/is so important in this case. JC’s cash withdrawals helped nail him for DT & SB.
Great data here on SL! Will absorb.
Did he have access to his father’s inheritance. Seemingly we know he was spending more from May. Was he behind potentially lucrative robberies at Superhire - the only ones seemingly on record when he was there & towards end of stay (?)
He had enough £ for HP agreement on car - admittedly prob not much required - but shows he had some funds.
Re: SL. Mum had propped her up financially on previous rent in Walham Grove.
Her lifestyle didn’t match income said police - but how much of it did she actually pay for? Was she receiving cash/moonlighting? Massage/facials.
When police did ‘follow the money’ they found another man in 151 club, buying her champagne, following up on credit card slip. This was when with the expat in club - they seemed to have dived deeply into her time with him.
She was ‘careful’ with money said friends (AS) & “one day would be very rich” said friends yet was seemingly taking quite a big risk with joint purchaser?
She could be extravagant (?) shared gift for Mum’s 50th but tickets & London hotel stay instigated by her.
She was looking to act as a ‘courier’ to go to NZ to see sisters to save on fare. A legitimate means back then, I think, but very faint echoes of ‘deal’ & ‘mailing address’ bargain buy perhaps? No such thing as free lunch.
This 3k com mentioned at party. Presumably not the NH hoped for commission missed (?)
Also at party mentioned make or model of car wanted - Mercedes from memory? Then we have man in mystery contact book who she was buying a car from. How could she afford?
She was looking to move on from Sturgis some evidence states, as a previous poster said, ‘a foot out the door’. Was she taking more risks in this period?
Did not having the money mean she couldn’t afford proposed purchase anymore make her pull out of a deal? Did she miss an expected instalment. Did she have debt - man ‘leaning on her’? Loan shark involvement perhaps known by family but seen as irrelevant & shameful? Never a borrower or lender be.