Tuesday, February 26, 2008

an alternative view to the Nationwide 25% deposit i’ssue’

Buy to let investment now over as Nationwide raises deposit requirements to 25%

Nationwide has signalled the death knell to buy to let investors by announcing that is was effectively 'shutting the door' on buy to investment as it raised its deposit requirements (for its best mortgage rates) to 25%. Buy to let investors, who typically revolve their credit agreements and flex more equity out of each property with each 'new deal' to increase their portfolio will be left stunned by this development...

Posted by converted lurker @ 10:27 AM (541 views)
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