Buy to Let collapse - Now Chelsea Building Society

stevetodd

brit1234 wrote: »

Infact their profits are going negative, there land stock values have plummeted, there sales have collapsed, they are moth balling sites and producing huge amounts of redundancies.

Hardly bunkering down to pre boom levels they are going bankrupt, just watch the share value falls over the last 18 months. Now short trading is back they are going to be heavily shorted and true weakness exposed.

Just look at the yield on their corporate bonds, they are so high it's obvious there is serious doubt if they will be able to repay those loans. Taylor Woodrow's corporate bond is currently yielding over 31%