Tuesday, Jun 19, 2007
Property seminars
Mail: Are property seminars a good bet?
"At a recent Whitney introductory seminar attended by This is Money, their representative outlined a way to obtain the finance for a buy-to-let deal. Delving into the dark arts of leveraged financing, he explained - along with a set of figures – how to go get a deposit by sticking your costs on short-term credit card borrowing, then turn an almost immediate profit on a £150,000 property."... talking about subprime!! But do mortgage lenders do any credit check? Are they asleep at work?
Posted by confused76 @ 11:27 PM (167 views) Add Comment
1 Comment
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1. David Lawrenson said...
If you want unbiased and independent advice on investment in property or buy to let, its simple really.
You should make sure you only talk to those people at whose seminars and advice sessions there will be no attempt will be made to sell you property at all.
Think about it - How are you going to get good unbiased and independent advice from any company who is also in the business of selling property.
They are hardly going to tell you that property investment is a bad bet right now, when they have one they want to sell you.
It's not rocket science.
Just look for independent advice for an unbiased assessment of your property investment plans.