Property Hawk the landlord's homepage since 2006
Free Tenancy Agreement FREE tenancy agreement
Free Landlord Software FREE landlord software
Home | Property Manager | Free ASTs | Landlord Forms | Mortgages | Insurance | Inventory | Magazine | Landlords Bible | Directory | Forum | Training | News / Blog |

Thursday, May 05, 2011

Buy-to-let stabbing

This sad story just shows how badly things can spiral down when the buy-to-let bubble bursts.
A middle aged couple fell for the dream of financial security from property investing, they invested in a portfolio of new build apartments, most likely over priced, resulting in their dream of security crashing around them.

The unfortunate couple were apparently left with a rental loss of £4000 a month. I must admit in the current rental market if their portfolio of 20 apartments were fully let I find that hard to work out unless the reversion rates on their buy to let mortgages were very high, but this is what the Daily Mail claims.

A drunken argument over their desperate financial situation lead Jennifer Parkinson to stab her husband, Michael to death.

This tale does highlight the risks involved in heavily leveraged property investment.

Make sure you understand the risks that this strategy involves before you start risking everything!

Landlord insurance - instant quotes
Bookmark and Share

No comments: