View more on these topics

Inside Track enters administration

Property investment firm Inside Track has been put into administration with effect from yesterday.

This was confirmed by a message on the company’s answer phone which blames difficult market conditions.

The firm had axed its buy to let property seminars in March in the wake of market conditions.

Vantis managing director Jeremy French and director Glyn Mummery have been appointed joint administrators.

National Landlords Association chairman David Salusbury says: “Inside Track promised to make the UK a country of property millionaires. However, there is a real danger in encouraging such massive speculative investment in residential accommodation. Investors in residential property should be focused on the provision of affordable and decent homes over a much longer period of time and not just capital growth.”

Recommended

Ploughing the yield

International income funds continue to attract more traction in terms of new launches. This is a result of a real sea-change in so far as international markets are paying an income at all.

Simulate the market

Neil Loney and Neil Beer, of PA Consulting Group, set out how to draw up a model to achieve a fundamental shift in rethinking customer retention.

‘Challenging year’ for Park Row

Royal Liver says its adviser arm Park Row had a “challenging 2007”. It lost around 100 advisers and closed 17 branches.

Bonds in 2017: Stick or twist?

Royal London Asset Management Bond Fund Managers Paola Binns and Craig Inches look at why short duration could be a key tactic for fixed income investors during 2017. Read the full article here The value of investments and the income from them is not guaranteed and may go down as well as up and investors […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment