July 11, 2008
BTL investors unable to cope with debts?
Story link: BTL investors unable to cope with debts?
We know there have been a lot of new and opportunist investors in the BTL market.
No wonder that the Insolvency Helpline has claimed a 100% rise in BTL owners struggling to deal with their finances:
Insolvency Helpline said that the credit crunch was
leaving many buy-to-let professionals unable to cope with their mounting
debts. The helpline reports that there has been a 100 per cent rise in the
number of enquiries in the first 6 months of the year compared to last year.
This equates to over 14,574 enquires compared to 7471 in the same period last
year.
