The knock on effect of the US Credit Crunch is causing many property investors into potential bankruptcy and repossession.

Buy-to-let investors are panicking as increasing numbers of flats and houses cannot be rented or even sold.

The economic downturn which has lead to a mortgage lending freeze, so today, the Royal Institute of Chartered Surveyors reported house prices are falling at their fastest rate since records began.

The Prime Minister, Gordon Brown is today meeting with mortgage lenders to allay fears that the current crisis could be worse than the crash in the early 1990s.

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Further Reading
To read The Guardian news article click here
Click here to read the Times news piece
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