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Inside Track hits the wall

The company that promised to turn a generation of Britons into property magnates has called in the administrators as the credit crunch takes hold.

The company that epitomised the buy to let property boom of recent years, with its model of enticing would be property investors to splash out for weekend long courses in return for discounts on off plan new builds, was thought to be in trouble even before the credit crunch took hold.

Many Inside Track customers have threatened legal action over advice given that has lead to investors finding themselves with negative equity and mortgage repayments outstripping rents.

And with many mortgage providers pulling products, hiking rates and increasing deposits required, the buy to let market could be on the verge of collapsing.

News brought to you by Lowerpremium.co.uk the home of lower insurance premiums.

May 06th 2008

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