My buy-to-let dream cost me everything
September 25, 2007 on 8:31 am | In News |Mortgage bank Abbey has been accused of fuelling the debt crisis by offering a home loan worth up to 125% of a property’s sale price - and many rivals seem willing to lend whatever the risks.
Richard Dyson, Mail on Sunday - 23 September 2007
Richard Dyson reports how one buy-to-let investor has been ruined by an ill-fated property speculation - funded by some of our biggest banks.
A life of financial freedom, travel, and a luxurious holiday home in a sunny country from which to manage a property portfolio worth millions.
These are the dreams conjured up by the countless property investment clubs, developers and other middlemen that have profited in recent years from the boom in buy-to-let. But for a growing number, the dream is now a nightmare of repossession and ruin - full article
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