Nothing more needs to be said really:
http://www.eveningstar.co.uk/content/eveni...3A25%3A20%3A823
Full Version: Flat Broke In Ipswich
And comments at the bottom are supportive. Really, I can't believe that there are many people other than the seemingly blind "investors" that couldn't see what was coming...
Good to see it reported - things are slowly filtering through in the Norwich papers, but nothing as explicit as that yet.
Good to see it reported - things are slowly filtering through in the Norwich papers, but nothing as explicit as that yet.
QUOTE (waitingandsaving @ Mar 30 2008, 08:22 PM) 
And comments at the bottom are supportive. Really, I can't believe that there are many people other than the seemingly blind "investors" that couldn't see what was coming...
Good to see it reported - things are slowly filtering through in the Norwich papers, but nothing as explicit as that yet.
Good to see it reported - things are slowly filtering through in the Norwich papers, but nothing as explicit as that yet.
Don't bank on it W&S - that's one sacred cow they won't touch in a big way because they don't want to be seen as negative reporting by their paymasters who advertise in the big property supplements each week.
I think this is a good place to put this story from Channel 4:
http://www.channel4.com/player/v2/player.jsp?showId=11587
http://www.channel4.com/player/v2/player.jsp?showId=11587
QUOTE
Good-buy-to-let?
01 Apr 2008
By: Katie Razzall
An exclusive Channel 4 News investigation discovers evidence Britain's biggest buy-to-let lenders are tightening the screws.
We've found that the majority are demanding more from borrowers - with some not accepting any new business at all.
Until the so-called credit crunch, buy-to-let was seen by many as a sure fire way of making money.
But repossessions are rising and at auction, new build flats are selling for 26 per cent less than the original sale price.
With more than half of landlords owning at least one new build flat, could buy-to-let be the UK's version of sub prime?
01 Apr 2008
By: Katie Razzall
An exclusive Channel 4 News investigation discovers evidence Britain's biggest buy-to-let lenders are tightening the screws.
We've found that the majority are demanding more from borrowers - with some not accepting any new business at all.
Until the so-called credit crunch, buy-to-let was seen by many as a sure fire way of making money.
But repossessions are rising and at auction, new build flats are selling for 26 per cent less than the original sale price.
With more than half of landlords owning at least one new build flat, could buy-to-let be the UK's version of sub prime?
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