Monday, March 31, 2008
Is there still somebody who does not believe BTL is dead?
"Royal Bank of Scotland and Natwest are to increase the minimum size of deposits that landlords must pay from 15 to 25 per cent of a property's value from the end of today" that means an automatic 40% reduction of the funds available to the BTL so called investors. Together with the disappearing of the inflated valuations by complacent surveyors, that means: THE PARTY IS OVER!!