Friday, Apr 25, 2008
Sanity has been restored, justice has been served!
Times: Banks pull the plug on buy-to-let landlords
"The era of the amateur landlord has all but ended, with banks effectively refusing to lend to new entrants to the buy-to-let market. Thousands of existing landlords also face huge increases in the cost of remortgaging, experts said yesterday. First-time landlords, including parents eager to buy a house for their student children, will now find it almost impossible to enter the housing market"... priceless!
Posted by confused76 @ 10:41 PM (454 views) Add Comment
4 Comments
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1. dohousescrashinthewoods said...
Stuart, looks like you'll be kissing assetz out there on that limb ;)
If Rosie Millard is selling hep car, it must be getting really hard out there.
2. paul said...
Stuart you can kiss my arze.
3. sold out said...
Justice will be served when the BTL dunces go out of business,not long to go now.Are you watching greenbay and btl rulez ok?
4. uncle tom said...
"and thousands of existing landlords coming to the end of fixed-rate deals will find it very hard and very expensive to switch mortgage providers if they have not built up at least 75 per cent equity in their buy-to-let property"
i.e. - virtually none of them.