Inside Track collapse should not concern long-term investors

The collapse of Inside Track should not be of concern to long-term investors with buy-to-let mortgages.

That is according to Property Hawk, which said that the investment company's demise should only worry those who see their investments as short-term projects.

Inside Track dealt with short-term investment opportunities and these are more vulnerable to fluctuations in the market.

As a result, the firm collapsed as the housing market goes through a turbulent period.

However, Property Hawk said that long-term investors with buy-to-let mortgages may actually benefit from the current conditions.

"[Inside Track] probably represents the pinnacle of short-term property speculation. But the long-term investors are probably now turning their attention to the possibility of picking up bargains at auction," commented Property Hawk editor Chris Horne.

"There are a lot of new apartments that were sold, ironically, by Inside Track, and now they're appearing at what really is a discount to the market value – as opposed to an applied discount to the developer's price.

"You can find properties being sold at a 30 or 40 per cent reduction from what they were originally sold at," he added.

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