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I had a letter off them.

What they do is give you a freebie. Then they charge you loads for the full course. During which you're brainwashed into using a team of experts who presumably all pay a fee to them for introducing you. You then take part in the biggest pyramid scheme seen for some considerable time.

Their blurb is full of hopeful people who've been convinced they're property millionaires by getting into debt.

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I had a letter off them.

What they do is give you a freebie. Then they charge you loads for the full course. During which you're brainwashed into using a team of experts who presumably all pay a fee to them for introducing you. You then take part in the biggest pyramid scheme seen for some considerable time.

Their blurb is full of hopeful people who've been convinced they're property millionaires by getting into debt.

WEALTH WARNING: INSIDE TRACK ARE THIEVES, LIARS, CHEATS, CONMENS, CHARLATANS - THE WORST OF THE WORST; THE DREGS OF HUMANITY.

HAVE NOTHING TO DO WITH THEM

Edited by southsea13

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As far as I'm aware, people go to their free introductory presentation where they get some suckers to sign up for a 2 day course in property investment for about 3 grand. Once you are on the course they tell you about the great club you can join where you get discounts on new build apartments because they have special arrangements with the developers - this comes in different packages - say about 6 or 8 grand. You then find out about these special deals and decide that you want to buy one of their inflated properties - you pay them a percentage finders fee and then get your finance (at a further cost) from their sister company.

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As far as I'm aware, people go to their free introductory presentation where they get some suckers to sign up for a 2 day course in property investment for about 3 grand. Once you are on the course they tell you about the great club you can join where you get discounts on new build apartments because they have special arrangements with the developers - this comes in different packages - say about 6 or 8 grand. You then find out about these special deals and decide that you want to buy one of their inflated properties - you pay them a percentage finders fee and then get your finance (at a further cost) from their sister company.

You then appear in the weekend papers about 12-18 months later to claim you've been ripped-off by the company and its sister offshoot. You were sold a clutch of overvalued rabbot hutches that are now worth at best 75% of what you paid for them but more likely 50%. Non have tenants and you're bleeding cash month after month. You did no due dilligence and was just another lamb to the slaughter, adding to their profits at your expense - in reality you're as thick as pig****.

That's the epilogue of Inside Track, and its suprising that they're still around, and also suprising people are still asking about them.

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Here is an undercover pic taken from a recent free introductory seminar.....

The pics from the fee-paying seminar are too gory to show on this forum

insidetrackseminar.jpg

post-9973-1204498313_thumb.jpg

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When Steve and Cate Biddle attended a workshop and seminar run by property expert Inside Track, they thought they had found a way of paying off their mortgage before they retired in five years' time.

It did not work out like that. This week they will put their home on the market in a desperate attempt to clear their debts.

The financial dilemma faced by the Biddles again highlights the methods used by companies such as Inside Track to encourage investment in property. Consumer watchdog Which? has called for such firms to be regulated. Last year, Inside Track was criticised by the Advertising Standards Authority for making misleading claims.

The company, which denies responsibility for the Biddles' predicament, describes itself as the 'UK's leading provider of residential property investment education' and claims to have helped investors plough more than £179m into property.

The company says its courses, which cost between £2,500 and £5,000, highlight 'proven strategies' to make money from property. These include buying properties at discounted prices, making money from capital growth and rental income and building a profitable portfolio. They also show how to use your home to finance property investments.

Steve, 51, a police inspector with 30 years on the force, and his wife Cate, 50, a receptionist, initially attended a free taster seminar run by Inside Track in October 2003 at Sutton Coldfield, West Midlands. Impressed, they paid £2,500 for a two-day seminar at a Holiday Inn in Birmingham.

After hearing that buying property could help them wipe out their mortgage before they retired and attracted by claims that Spanish property prices were set to rise by 30% a year, the couple signed up to buy an offplan three-bedroom house for €253,000 (£171,000).

They say they were encouraged to buy immediately to avoid the normal fee charged by Inside Track to become a member of its 'property club'.

The deal was struck by mortgage broker Anson Bailey, say Steve and Cate. Its representative then persuaded them to buy a second off-plan three-bedroom house for €230,000. They planned to sell both homes before they were completed.

Inside Track says that Anson Bailey has not been represented at its seminars since mid-2004. Last August, Anson Bailey ceased trading. The 30% deposits were financed by switching the couple's £65,000 repayment mortgage on their four-bedroom house in Telford, Shropshire, to interest only and raising it to £162,000. Good incomes allowed them to do this.

Both Spanish properties are on the same development in Rincon de la Victoria, near Malaga on the Costa del Sol.

Inside Track received 10% of the sales price from the developer. The Biddles were told the first property had been taken so they were given another one in the same development. But the new home was blighted by a huge pylon outside.

Steve complained and was transferred to another property, but again it was inferior. It did not have a sea view and the layout was not as attractive as the first home. After a two-year battle, the developer refunded their deposit. But the Biddles have been saddled with the second property, which they have been unable to sell despite all the assurances.

As a result, they have a Spanish interest-only mortgage for €190,000 while the mortgage on their Telford home, where they have lived for 14 years, stands at £112,000 after the refund of the deposit on the first property. The couple had owed £65,000 on their UK house before buying the Spanish properties.

The Biddles tried to take legal action against Inside Track only to be told that the Spanish contract is between them and the developer and not Inside Track. Steve says: 'We were persuaded into buying these properties. We were repeatedly told the market was expected to rise by 30% a year and that we would easily be able to clear our mortgage by selling the properties off-plan. That happy scenario hasn't panned out. Instead, we are living a nightmare.'

Inside Track 'vigorously disputes' most of the Biddles' claims. In a written statement, it says: 'We pride ourselves on the quality of our staff and invest significant sums in training and development. Inside Track has always advocated a strategy of buying property off-plan, building a portfolio and then holding the property for the medium to long term to maximise capital growth. It has never advocated a strategy of speculation, trading or selling prior to completion.'

And the company says it has been 'very open' about the potential risks of property investment and denies links with Anson Bailey, the broker that advised the Biddles. It states: 'Anson Bailey attended some of our seminars where they offered services to attendees. But Inside Track would not be privy to any discussions between Anson Bailey and a client.'

Inside Track holds around 50 two-day seminars a year with an average of 600 people attending each month. It claims most customers, unlike the Biddles, are happy. Customer feedback shows the average score for 'value for money' is 7.8 out of ten. But the firm is investigating some 30 customer complaints.

Lobby group Which? is critical of firms such as Inside Track. Spokeswoman Teresa Fritz says: 'Seminars such as these are overpriced and offer customers little information that they could not already find for free on the internet or from organisations such as the Association of Residential Letting Agents.

'If this was any other type of investment, it would be regulated, but because it is property investment it falls between regulatory gaps.

'The only redress is through the courts and in the Biddles' case they did not even have this.'

Do i feel sorry for them?, do i feck. you would think a police inspector would know better, he musta come across scams a 100 times.no doubt his ugly daft wife got caught up in all the attention she was recieving from people bigging her up and talking of riches.

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Hi All,

Has anyone been to one of the talks given to Inside Track?

What exactly do they do?

They start by chatting about property but then they close the doors and bring out the high priest of Hades who slits the throat of a goat and sprays the audience with its blood.

You are then forced to pledge your soul to Beelzibub and all his devilish imps who promise an eternity of pain and torment - before being told to buy a flat in Bulgaria.

Then they hose you down and tell you NEVER to repeat what you've seen or heard.

It's true.

:ph34r:

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What exactly do they do?

How do they make their cash?

They have a truly bizarre business model where, instead of using their "proven methods" to make big money themselves, they tell other people about them!

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  • 293 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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