It is still possible to buy Buy To Let property in the UK without the need for a deposit, provided the property is bought undervalue. This is none by using a Same Day Closed Bridging Loan.
But before the transaction can be completed a full mortgage offer has to be in place.
This sounds easy but not all mortgage lenders allow this especially on new build properties. Also the down side is that if the property market tanks like some commentators predict you may be left with a property that is in negative equity when you are looking for the next best re mortgage rate in 2 or 3 years time.
So for the adventurous ones among you now is the time to build your property empire. This is not a road to riches for the faint hearted. So in 5 years time will you be living in a mansion or a shoe box? Nobody knows which way the market will go from here.
For more and information on Same Day Bridging Loans and all other types of bridging finance visit http://www.metabridgingloans.com/
Monday, March 17, 2008
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