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

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**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

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**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.)

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