Jump to content
House Price Crash Forum
Sign in to follow this  
kjw

Buy-To-Let Landlords Offered Interest-Free Loans (With A Catch)

Recommended Posts

**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.

:rolleyes:

http://www.theguardian.com/money/2014/feb/22/buy-to-let-landlords-interest-free-loans

Share this post


Link to post
Share on other sites

**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.)

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 406 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.