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)
Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>