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Monday, July 07, 2008

Buy-to-let Bovey hits buffers

It's nice to know in the current property investment climate that you are not the only landlord that is suffering.

Landlords- where do professional landlords go for their buy-to-let insurance.

The property slump is also effect the rich and the famous landlords too. Take for instnace the partner of Anthea Turner, Grant Bovey who has according to Property Week has hit the buffers as his buy-to-let business Imagine Homes has been hit by the slump in property investment activity.

It seems that the Royal Bank of Scotland will take control of Imagine Homes buy-to-let business including the outstanding rental guarantees, whilst Bovey will retain control of the marketing operation.

Imagine is currently offering to pay a landlords mortgage for 5 years. I'm currently investigating the details and will report more of the details about this offer at a later date.

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