Tuesday, Aug 04, 2009
Another one bites the dust...
BBC News: Buy-to-let firm in administration
"Five hundred investors are set to lose deposits of up to £20,000 which were put down on unfinished residential apartments in Manchester. The spokesman said a number of the firm's partners had failed to secure funding to start developments. This has resulted in several projects being postponed indefinitely or the developers going into liquidation, he added." I wonder how many more there will be this time next year when interest rates rocket and reality bites...
Posted by happyrenting @ 10:46 PM (194 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.