Very interesting. Thanks for sharing.
I have a friend who is into BTL. I think he has something like 5-10 flats. He has no permanent job, does well-paid contract work (if he can find it). Anyway, he wanted to buy another flat recently, but the bank said "no way". But he found a way: you just have to state that you intend to move into the flat, and, whoopey, the bank was happy to hand out the cash. Well, the deal fell through anyway. But the message is: celf-cert and fraud, if you think it is really dead yet, you must be kidding. The big downturn is yet to come. Bubb might be spot on here.