Buy to let owners beware
A buy-to-let guru has caused major up raw as he tries to prey on innocent victims who have been badly hit by the credit crunch, after he went bankrupt and lost thousands of his customers money.
He has been accused of encouraging thousands to jump on the buy-to-let bandwagon, assuring people they will make a profit, paying him a finder fee to find properties on their behalf. After making his millions it wasn’t long before he became bankrupt, causing problems for him and also his customers.
He is preying on his new victims like a vulture. He plans to buy property from desperate property owners for a fraction of the cost. He will only buy properties that will be sold to him at a 20-25 per cent discount.
News brought to you by www.insuremyletproperty.co.uk, offering you the right cover from one of our large panel of insurers. Call today and get an instant quote.
December 17th 2008
- Even landlords might start to feel the pinch
- Only the wealthy can preserve with buy to let
- Tenants from Hell Beware
- Lenders can now reposes homes without a court order
- One in five landlords seeking to expand property portfolio
- Landlords having to deliver more to discerning tenants
- Tenants profiting from the state of property market