kjw Posted March 7, 2014 Share Posted March 7, 2014 **Castle Trust says its offer will cost landlords 2% of the profit when the property is sold** A new lender backed by one of the world's biggest private equity firms is offering loans to buy-to-let landlords worth up to 20% of the value of the property, with no interest to pay. But on the sale of the property the lender takes a large chunk of the capital gain. First-time buyers though, can wave goodbye to the chance of obtaining a free loan as the lender, Castle Trust, has designed the product to help landlords expand their portfolios. http://www.theguardian.com/money/2014/feb/22/buy-to-let-landlords-interest-free-loans Quote Link to comment Share on other sites More sharing options...
ticket2ride Posted March 7, 2014 Share Posted March 7, 2014 **Castle Trust says its offer will cost landlords 2% of the profit when the property is sold** Or 100% of the losses presumably? (Old article, comments closed.) Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted March 7, 2014 Share Posted March 7, 2014 Hopefully it applies to new builds. Could do with a million or so built to stop the hoarding. Quote Link to comment Share on other sites More sharing options...
renting til I die Posted March 7, 2014 Share Posted March 7, 2014 (edited) Or 100% of the losses presumably? (Old article, comments closed.) This is all good news. Get lots more people into BTL so my rent can come down! Edited March 7, 2014 by renting til I die Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.