Buy-to-let giant Inside Track goes bust

mortgagemark_2

Has this been posted yet ?

Can't say I am surprised or sad



http://www.thisismoney.co.uk/mortgages/buy-to-let/article.html?in_article_id=440950&in_page_id=56&ct=5&in_page_id=56

southernscouser

I find it difficult to find any pleasure in people losing their jobs? :undecided

TBeckett100

they were sharks

TBeckett100

i dont feel sorry for them, each member of staff should have a £1m property portfolio now.

poppy10_2

southernscouser wrote: »

I find it difficult to find any pleasure in people losing their jobs? :undecided

I do if their job was to cheat people out of their money. :T

Confused_landord

was this company featured on tv the other week,,were people had gone to seminars , workshops ect and bought off plan..only to find that the new builds were in rough areas, werent kept nice, and thay had no chance of renting out there investments because the BTL market is flooded plus the properties were not desirable places to live,, so they were stuck with a very big investment burden??????

southernscouser

Confused_landord wrote: »

was this company featured on tv the other week,,were people had gone to seminars , workshops ect and bought off plan..only to find that the new builds were in rough areas, werent kept nice, and thay had no chance of renting out there investments because the BTL market is flooded plus the properties were not desirable places to live,, so they were stuck with a very big investment burden??????

If it was, it was the same one as the people who didn't even bother to visit the properties they are spending thousands of pounds on! :undecided