Buy-to-let landlord¿s £6m loss sparks call to axe law | Mail Online
The case of a buy-to-let landlord who lost a business once valued at £6million has added fuel to the campaign to repeal the 87-year-old law governing small firms in financial difficulty.
Charles Lancaster, of Bradford, West Yorkshire, lost his portfolio of 42 properties in December 2009 when Nationwide Building Society appointed receivers after he experienced financial difficulties.
Since then he has attempted to buy back his properties, but was told his bid was too low.
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