Fatal knifing over buy-to-let property row

A woman killed her husband after the growing pressures of their buy-to-let empire caused irreparable damage to their relationship.

65-year-old Jennifer Parkinson denies murdering her 63-year-old husband Michael Parkinson at their luxury flat in Gosport and claims that although she was angry, she was never intended to kill him when she “hit out with a knife in my hand”.

Nigel Lickley QC, prosecuting, said Mrs Parkinson claimed to have drunk a litre of wine that day. Mr Parkinson, a retired headteacher, was also mildly intoxicated, according to toxicology results.  

Mr Lickley told the court Mr Parkinson had worked as a headteacher in Rutland and left the profession after suffering a nervous breakdown. He and his wife then invested in the buy-to-let market and are alleged to have owned 20 properties at the time of his death.  

Yet despite owning a sizeable portfolio, Mr Lickley said rising interest rates and flooding costs had caused their profits to plummet to the point where they were losing £4,000 a month and were on the verge of bankruptcy. The couple then moved into a J-reg motor home in an effort to cut costs. 

Source: Bridging and Commercial