Wednesday, August 05, 2009

Property company collapse hits buy-to-let investors

According to reports in the Times buy-to-let investors who put down deposits of as much as £20,000 for apartments in the North West have been hit by the collapse yesterday of a Lancashire-based property company.

Landlord insurance
- specialist block insurance - apartments

Dylan Harvey Residential (DHR) has been placed into administration, which is being handled by Mark Getliffe and Diane Hill, insolvency partners at the Manchester office of CLB Coopers, the accountancy firm.

DHR acted as sales agent for several apartment schemes in Manchester and the North West.

The developments in Manchester included Clippers Quay in Salford Quays, Zararchie Tower and Bengal Mill in Ancoats, and phases two and three of the Fresh Salford project.


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