Saturday, Jul 07, 2007

Irresponsible press at its peak

Times: Buy to let or to fret?

With these dark clouds on the horizon, is buy-to-let investment still a good idea? The experts say that there remains money to be made, but there are dangers. Strong competition among lenders has provided an array of low-rate deals. Among them is Chelsea Building Society’s 4.99 per cent loan with a flat fee of 2.5 per cent, which is added to the cost of the mortgage. This sounds like a large additional cost but Mr Grandlin says that landlords should pass on the fee to tenants by adding it to the rent. “This is a great way of being able to buy a property now,” he says

Posted by confused76 @ 12:29 AM (152 views) Add Comment

4 Comments

1. paul said...

“My father gave me £500 when I was married so that I could buy my first house. It’s nice to be able to do the same for my children.”

Moron. Oh, and 500 quid won't cover legal fees nowadays.

Saturday, July 7, 2007 07:45AM Report Comment
 

2. Orwell said...

One house with reduced rent covers another...

Mmmmmmmmmmmmmmm....

Classic pyramid purchase I think, and to quote a Daily Mail reader:

"See you at the Bankruptcy Court, Take Care..."

Saturday, July 7, 2007 10:11AM Report Comment
 

3. Rimmer said...

What a wonderful idea just pass on any extra price rises or costs to your tenants job done, as Paul comments " what a Moron "

Saturday, July 7, 2007 12:20PM Report Comment
 

4. benedict said...

"A dwindling supply of new homes has fed a 20 per cent rise in rents in two years"

I thought rents had remained flat? Or at least everyone on here claims that they have.

Monday, July 9, 2007 11:34AM Report Comment
 

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