BTL investors face getting chased by developers following court case ruling.

A High Court test case in Bristol has been won by Prestige Homes South West, which won damages from a BTL property investor who pulled out of the purchase of two apartments at the Zero 4 development in Plymouth.

This test case could lead to many more investors facing bankruptcy as developers chase those who walked away from deals when they realised the properties had dropped in value by more than the deposit value they had placed with the contract with the developer.

With the test case awarding £133,282 to the developer it could lead to developers chasing a lot more investors who walked away from the contracted deals.

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