Tuesday, August 4, 2009
Another one bites the dust…
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 (545 views)
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