Most of us have learned over the last decade that lending money against property can be a very risky business. But this buy-to-let lender knows this only too well.
When the financial crisis hit it was pushed to the verge of bankruptcy. It was only saved by going cap in hand to its shareholders and slashing costs. But all of this seems a distant memory now that the good times are back.
Its share price has been rising sharply for the last two years. The UK housing market is powering ahead and confidence among buy-to-let investors seems very high, with [...]
Want to read this article now?
Already a MoneyWeek subscriber? Please log in below.
Not a subscriber? Sign-up now for a 4 week FREE trial to get instant access.