Thousands of families face ruin from the buy-to-let timebomb

Like so many young professionals hoping to cash in on Britain’s property boom, Paula Collins, a 26-year-old recruitment consultant from London, thought her money would be safe.

The buy-to-let market was booming and the deal from a Manchester developer seemed too good to pass on.

ZOE DARE HALL, Daily Mail - 29th October 2007

The two-bedroom flat in the Castlefield area was valued at £175,950, but the developer was offering a 15 per cent discount, taking the price down to £149,500 - and best of all, no downpayment was required - full article