Friday, May 15, 2009
Good Reading For Any Prospective BTL Landlords
The Economic Voice: A Case Study in BTL
He now regularly writes to his lenders offering to settle at 80% of the mortgage amount. He hopes he can then sell at that price plus a bit and clear the mortgage, pay the fees and have a bit spare. That way he can selectively pare down his portfolio and save his dream whilst waiting for the upturn.
Posted by titaniccaptain @ 12:38 PM (561 views) Add Comment
3 Comments
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1. symo said...
Sad story, hopefully the greedy retard will do the right thing thus ensuring the generation after can afford their own homes.
2. i remember the 90`s said...
I wonder how many of you are renting from a BTL landlord who is going to wall !!!!!!!
3. it_is_going_with_a_bang said...
Why should any BTL landlord deserve any sympathy? If it's any other sort of business it is not talked about other than being a statistic. If i went to my bank today anytime in the last 10 years and asked for 100% lending on ANYTHING I know what the answer would be, for some reason 'property' became the exception and quite frankly it should never have been so.
He should go bankrupt and find a job like every else has to do and 'earn' a living instead of trying to live of everyone else's.