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Sunday, June 28, 2009

Landlords Could Write off Some of Their Buy-to-Let Mortgage

Following on from last weeks news (that the ex-lender Advantage Homeloans are offering to write-off some of their loans to many of their clients if they redeem their mortgages with them), the picture is getting clearer each day.

In our office the biggest discount currently being offered to an investor so far (in monetary terms) is £87,500 – yes, that’s right they were given £87,500 to redeem their buy-to-let mortgage! The current pay rate on this particular deal is… wait for it… 0% - so no wonder the lender wants to get rid of them.

Even with this discount, it is still quite difficult to find a lender that we can actually remortgage to due to the current market conditions, namely property price falls and decreasing loan to value mortgage products.

Call for more information on any of these deals 01424 205 373 - ref PropertyHawk to take advantage of the No Fees Deal.

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