Collapse of second Inside Track company

Inside Track’s sister business, Instant Access Properties, has gone into administration. The organisation was at the heart of the buy-to-let boom.

Inside Track itself went into administration in April. This was the notorious ‘education’ side of the organisation, where hundreds of would-be investors attended seminars where they were told that property investment would make them millionaires.

Many believed it and attendees were encouraged to join Instant Access Properties, the buying arm of the organisation.

The company specialised in bulk-buying off-plan city centre apartments, passing on well-advertised discounts to its members. However, the collapse in the new-build apartment market meant that severe price falls have wiped out much of the supposed saving.

Instant Access Properties left 4,500 uncompleted exchanges.

But, in a twist, founder Jim Moore is said to have rescued Instant Access Properties out of administration and is now trading as Instant Access Properties Global.

He has said that his new company will be working to achieve completion on the outstanding 4,500 properties.

* Did YOU have dealings with Inside Track or Instant Access Properties? If so, please email rosalind.renshaw@estateagenttoday .co.uk with any details and a daytime contact number. All information will be treated in total confidence and will not be published without your specific consent.