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- Inside Track was a British property investment information company that went into administration in April 2008 following a downturn in the UK property market. Its sister company, Instant Access Properties, which sold properties to Inside Track clients, entered administration in September 2008, before being reformed as IAP Global. The company advertised its methods as a path to riches for potential investors. It advertised in newspapers and through mailshots, inviting customers to attend a free property investment session. The purpose of the session is to sell a full two-day investment course, priced at £2,500 and upwards. If the customers proceeded beyond this stage, they would pay up to £8,000 to join 'Instant Access Properties', a 'property club' sister company of Inside Track, which sent property brochures for potential buy-to-let properties. These were typically off-plan properties, with the stated aim of achieving price appreciation before the property had even been built, but possibly holding the property long-term. Inside Track received a portion of the purchase price for this service, 3% if purchased through its sister company Inside Access, in addition to a £1,000 reservation fee, although figures of 10% have been cited for overseas properties. Properties bought through the Instant Access company are sold at a nominal 15% discount (in order to access buy-to-let mortgages, which typically required a minimum 85% loan-to-value ratio). With house price growth mostly over 10% each year continuing until 2007, many Inside Track customers did indeed make substantial profits, despite the fees, however with the UK property market in freefall as of 2008, the company was doomed, and it went into administration in April 2008; the company's website, which previously had advertised property seminars running almost every day and promoted its advice the UK buy-to-let market, now redirects to Instant Access Properties website, which, rather than the UK, now advertises properties in Brazil, Cyprus, Turkey, and Dubai - all presumably areas much more buoyant than the uk. The main other company in the Inside Track family is Fuel, a mortgage brokers, through which customers can arrange finance for their Inside Track property purchases. As of October 2008, it is still trading. Inside Track's methodology was based on gearing, with customers encouraged to borrow against properties (including their own home) in order to buy more, a methodology that broke down as soon as the property market began to fall.
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