I I

I have found the first 80% LTV buy to let mortgage at a sensible rate. Now obviously being the first buy to let mortgage above 75% there are a few quirks. It's the first time I have seen this requirement but they need to see also:

20% of the property's value in equity in the rest of your portfolio.

Now I do not know if they actually go and value the other property but you do need to have another property which they can see equity in. Also it is unclear whether they take a 2^nd charge on this other property but the good thing is its out there and ready to be applied for.

The property also needs to be a minimum value of £60,000. So if you want to go through some of our old property reports we have sent out and if the value of the property is greater than £60,000 then add another 5% as a cashback.

This should changed the figures by at least £3,000. So if there were any deals that were £3,000 all in then you can now expect to get this property for no money.

It really is the year of the property investor.

Ajay

Posted on: 23rd Jan 2009

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	Home Services Property News Free Resources Partners Contact Page you're viewing > Home Page > Property News > Property Headlines > 80% LTV buy to let mortgage @ 5.99% fixed I I I have found the first 80% LTV buy to let mortgage at a sensible rate. Now obviously being the first buy to let mortgage above 75% there are a few quirks. It's the first time I have seen this requirement but they need to see also: 20% of the property's value in equity in the rest of your portfolio. Now I do not know if they actually go and value the other property but you do need to have another property which they can see equity in. Also it is unclear whether they take a 2^nd charge on this other property but the good thing is its out there and ready to be applied for. The property also needs to be a minimum value of £60,000. So if you want to go through some of our old property reports we have sent out and if the value of the property is greater than £60,000 then add another 5% as a cashback. This should changed the figures by at least £3,000. So if there were any deals that were £3,000 all in then you can now expect to get this property for no money. It really is the year of the property investor. Ajay Posted on: 23rd Jan 2009 Bookmark: del.icio.us digg Furl Facebook Reddit Yahoo Spurl Smarking Simpy Stumbleupon Tell a friend Your name Friends email Life is funny sometimes Want to borrow the deposit OK i�ll lend it to you Rates to rise Letting Managers Wanted Property Negotiators Wanted Property Negotiators Required Computer says NO again Do you have a client base Get 30+ BMV Deals EVERY Week I have a busy 16 months ahead How long will it last Buy to Let lending on its way back A bank has said YES FT reports boost in buy to let 92 per cent off Ducking n Diving want a chat how 10 minutes can change someone�s life loop hole for the 6 month rule discovered I have been quiet for a reason never miss a deal get a free consultation, READ NOW Property Networking why I buy high yielding property 2010 is the year that property got going is it the return of the NINJA if you have bad credit you can still INVEST Hip Hip Hooray Radical changes at the Ahuja Group Yesterday was a historical day for buy to let 17 alternative finance brokers and lenders This is as creative as it gets my finance journey has started property funds fall flat on their face join me in my journey in to the world of finance 90 per cent off my new book to my subscribers only I failed the credit check I am really annoyed with the lenders 3 really useful ways to home in on specific deals read my clients wishlist can I ask you a question did you watch the election debate last night? 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