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smartie

Buy-to-let Firm In Administration

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Dylan Harvey Group, based in Padiham, Lancashire.

I think this had been seen coming for a while........

http://news.bbc.co.uk/1/hi/england/8184406.stm

For the bears, it is good to see that yet more people hanging on by their fingernails are feeling the pain as their nails rip away from their fingers and they plunge off the end of the cliff.

This "false war" period is very frustrating as the inevitable outcome is being postponed (albeit temporarily) by all of the intereference in free markets.

The market is bigger than any government and central bank and will ultimately prevail as this story shows.

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Guest spp

Aw bless, I shall sleep well tonight.

Just hope I don't wake up in a sweat... having realised it's yet another indirect bill for the taxpayer!

The blood boils!

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Parent company DHG said its developments, including the Mann Island waterfront project in Liverpool, would not be affected.

Gosh I bet local residents are really upset about that!

http://www.mannislanddevelopments.com/

Edited by HostPaul TAFKA Rover2000

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See them bleat:

http://dylanharveypropertydepositpetition....lan-harvey.html

I have been so worried and upset by Dylan Harvey. Basically they took deposits of 9k each for 1 in Skyline Chambers and 1 in Fresh in Manchester Next thing I know they demanded legal fees of 5k (when I didn't even want to use their solicitor) payable by 5pm that night to force exchange so I had to get emergency loan. They told me if I had doubts I could pull out and they would refund deposit. I rang them to pull out of Fresh but was told I couldn't even though I explained I was facing bankruptcy and repossesion they just told me my deposit would be held in account for another property which I don't even want, I just want some of my life savings back. I am now living in the flat with an extortionate mortgage I can't afford because can neither rent or sell it. They still have 9k of my money and I can't afford to get legal advice.

http://www.dailymail.co.uk/property/articl...rty-market.html

Steven Gerrard, who was charged with assault last week, has bet a massive £5million on the city's property prospects, by buying three penthouse apartments at Mann Island, a waterfront development by developer Dylan Harvey next door to the Three Graces.

'I am quite surprised it's being built,' says Phil Furlong of Liverpool estate agent and auctioneer Venmores.

'Already several other developments have been shelved and Mann Island started very late in the property boom.' More worrying for Gerrard is the fact that the developer, much to the fury of buyers, has already cancelled one project in Manchester and other buildings may be in doubt.

An online petition has been set up attacking Dylan Harvey, whose boss Toby Whittaker is a close friend of the Liverpool captain, and a Manchester law firm, Pannone, is preparing legal action on behalf of dozens of disgruntled clients who claim to have lost deposits totalling several hundred thousand pounds.

Whittaker declined to comment, but his is not the only footballer-friendly property firm in trouble.

http://www.skyscrapercity.com/showthread.php?p=40823438

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But the sales agent, part of the Dylan Harvey Group (DHG), has gone into administration, owing up to £100m

So which taxpayer supported bank is taking it up the ar*e this time?

HBOS again?

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