Thursday, September 25, 2008

There is no safety net to rescue buy-to-let landlords who can no longer meet their mortgage interest

Gaping cracks open in new-build buy-to-let

News coming out of the auction houses indicating that house prices still have further to fall and mortgage lenders will have to be much more realistic about the price they can expect to get for repossessed properties. Moreover buy-to-let investors who think they can just walk away from investments which are now in negative equity and worth less than the value of the mortgage will have to think again. The lenders will pursue them.

Posted by jack c @ 01:32 PM (512 views)
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