A charity summer ball staged by property speculator Grant Bovey and his wife TV presenter Anthea Turner was cancelled in April because Bovey felt his guests should not be asked to donate large sums of money in difficult times. (Daily Telegraph).

Bovey himself is having trouble with his buy to let property business, Imagine Homes, which is one of the markets largest players and has millions of pounds worth of unsold property on its books due to significantly reduced demand.

The company is 20 percent owned by HBOS who is also its lender and who are currently looking at a restructuring.

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