Buy to lose

The buy to let sector has suffered a number of problems this week. They include
- a major "redevelopment builder" stating it would not build more properties until it had sold its existing stock (and who can blame them)
- PARA GONE the third largest buy to lose lender hitting the buffers. While they are not likely to go bust it seems likely/possible new lending will stop or collapse
- Flats a number of lenders further tightend their lending criteria on the purchase of flats. Why because the actual price paid has been considerably lower than the price declared.

This is a sector waiting for a huge hit especially in Manchester, Liverpool, etc