Saturday, August 4, 2007

Tut tut tut

Buy-to-let chancers scrutinised

Concerns are growing that many amateur landlords have fraudulently used residential mortgages to fund their buy-to-let properties. These so-called “disguised” buy-to-lets occur when landlords – typically those with a handful of properties – pose as owner-occupiers to obtain cheaper and more flexible residential mortgages on property they have little or no intention of living in.

Posted by onyerhike @ 08:36 AM (2723 views)
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One thought on “Tut tut tut

  • Stagnant or falling prices for some city centre apartments have led to a number of landlords trying to offload cut-price properties quickly at auctions….

    Mmmmmmmmmmmmmmmmm!

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