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Buy-to-let giant Inside Track goes bust

April 29, 2008 on 12:44 pm | In News |

Inside Track, the company that promised to turn a generation of Britons into ‘property millionaires’, has gone into administration.

Simon Lambert, This is Money - 29 April 2008

Inside Track’s model of recommending flats such as those in Manchester’s Hacienda building has collapsed in the face of the credit crunch

Britain’s biggest property investment company made its money encouraging people to purchase - at a supposed discount - strings of new-build flats to rent out: a business model that has faltered in the face of falling property values, below average rents and a mortgage freeze.
Inside Track epitomised the buy-to-let boom of recent years, with high-profile and ambitious advertising for its property seminars that it claimed would lead to riches - full article

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