BBC investigation into controversial buy-to-let property firm

Permalink: BBC investigation into controversial buy-to-let property firm
by Lin Freestone

The BBC is broadcasting a programme today which will report the findings of an investigation into buy-to-let property firm Instant Access Properties Ltd (IAP) and its sister company Inside Track Seminars Ltd, which is in administration.

IAP offers its clients what it calls a cost-effective way to mass-market property investment, and claims it is dedicated to the creation of wealth through residential property investment.

Although IAP claims that many of its clients have been able to break even, at the same time pointing out that property is a long-term investment, scores of people have said that IAP sold them properties for which they could not get sufficient rent or sell for a profit. This has left many buyers in financial difficulty.

Many paid thousands of pounds each in membership fees to IAP, which provided them with access to off-plan properties in the UK and abroad at what it claimed were discounted prices.

Face the Facts, which is to be broadcast at 12:30 today on Radio 4, will include case histories of some of IAP’s clients, together with comments from the company’s managing director Tony McKay.

Face the Facts is repeated on BBC’s Radio 4 at 21:00 on 27 July.