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- Inside_Track abstract "Inside Track was an award winning British property investment information company that went into administration in April 2008 following a sharp downturn in the UK property market. Its sister company, Instant Access Properties, which sold properties to Inside Track clients, entered administration in September 2008, primarily as a result of the global economic crisis.When the business went into administration, a large number of investors lost their investments, and they were contemplating group legal action against the former directors. However, there appears not to have been any successful legal action to date, and there have been warnings that some advertised legal action groups could themselves be fraudulent. Jim Moore sold himself the IAP client database before IAP went into voluntary liquidation and this database seems to be used by companies such as Delta Litigation to cold call clients to get them to sign up to take legal action in Spain.The company advertised in newspapers and through mailshots, inviting customers to attend a free property investment session, but some adverts were censured by the Advertising Standards Authority for exaggerated claims for wealth generation. The company offer free seminars that claimed to give insights into property investment, with a view to getting attendees to a paid two-day course. Some industry experts stated that the seminars were a 'big, fat waste of time and money...almost all the information taught, costing hundreds/thousands of pounds, could be found for free, or at little cost, on the internet or in books'.Many potential customers did not have the time or skills to locate suitable properties, even after the training courses. Inside Track created 'Instant Access Properties', a sister company of Inside Track, designed to research and source \"off market\" opportunities for buy-to-let properties. These were typically off-plan properties, with the stated aim of achieving price appreciation before the property had been built, and with a view to holding the property on a medium or even long-term basis. Inside Track received a portion of the purchase price for this service, 3% if purchased through its sister company Inside Access Properties. Properties bought through the Instant Access company were sold at a nominal 15% discount (in order to access buy-to-let mortgages, which typically required a minimum 85% loan-to-value ratio). However, it was argued that many of these properties were substantially overvalued to allow them to be sold with the listed discount.With house price growth mostly over 10% each year continuing until 2007, some of Inside Track's 25,000 customers did indeed make substantial profits, but when UK property market stagnated or dropped from 2008, it was rapidly found that the system used relied on a constantly rising market and very lax mortgage lending and the company went into administration in April 2008.Inside Track's methodology was based on gearing, with customers encouraged to borrow against properties in order to buy more, a methodology that broke down when the property market went in to free fall in 2007/8.".
- Inside_Track wikiPageID "15795623".
- Inside_Track wikiPageLength "7418".
- Inside_Track wikiPageOutDegree "11".
- Inside_Track wikiPageRevisionID "686765323".
- Inside_Track wikiPageWikiLink Administration_(law).
- Inside_Track wikiPageWikiLink Advertising_Standards_Authority_(United_Kingdom).
- Inside_Track wikiPageWikiLink Buy_to_let.
- Inside_Track wikiPageWikiLink Category:Companies_disestablished_in_2008.
- Inside_Track wikiPageWikiLink Category:Companies_established_in_2000.
- Inside_Track wikiPageWikiLink Category:Real_estate_in_the_United_Kingdom.
- Inside_Track wikiPageWikiLink Credit_crunch.
- Inside_Track wikiPageWikiLink Jim_Moore_(investor).
- Inside_Track wikiPageWikiLink Loan-to-value_ratio.
- Inside_Track wikiPageWikiLink Louisa_Fletcher.
- Inside_Track wikiPageWikiLink Off-plan.
- Inside_Track wikiPageWikiLinkText "Inside Track".
- Inside_Track wikiPageUsesTemplate Template:Citation_needed.
- Inside_Track wikiPageUsesTemplate Template:Essay.
- Inside_Track wikiPageUsesTemplate Template:Multiple_issues.
- Inside_Track wikiPageUsesTemplate Template:Refimprove.
- Inside_Track wikiPageUsesTemplate Template:Reflist.
- Inside_Track subject Category:Companies_disestablished_in_2008.
- Inside_Track subject Category:Companies_established_in_2000.
- Inside_Track subject Category:Real_estate_in_the_United_Kingdom.
- Inside_Track hypernym Award.
- Inside_Track type Award.
- Inside_Track type Company.
- Inside_Track type Organisation.
- Inside_Track type Company.
- Inside_Track type Establishment.
- Inside_Track type Organisation.
- Inside_Track comment "Inside Track was an award winning British property investment information company that went into administration in April 2008 following a sharp downturn in the UK property market.".
- Inside_Track label "Inside Track".
- Inside_Track sameAs Q16848746.
- Inside_Track sameAs m.03nvlmj.
- Inside_Track sameAs Q16848746.
- Inside_Track wasDerivedFrom Inside_Track?oldid=686765323.
- Inside_Track isPrimaryTopicOf Inside_Track.