As I have just spoken about how lenders will start to lend due to the abolition of HIPS it seems a lender has already been waiting in the bushes!  Check this:

 

There is an ADVERSE buy to let lender

 

Yep you read right a lender who lends to you if you have CCJs.  Not at a super low LTV.  No No No.  The LTV is:

 

75%!!!!!!!!!!!!!

 

And not at some silly rate.  No No No.  The rate is:

 

4.89%!!!!!!!!!!!!!

 

can you believe it?  I actually cannot.  I thought the 85% LTV would have come out before the adverse buy to let product but again what do I know! 

 

So if you have CCJs, missed payments or a low credit score then do not worry you can still get involved in actually buying and not having to adopt some alternative strategy in property. 

 

The lender credit checks not credit scores.  So forget your credit score.  This lender applies a sensible approach and checks you out rather than scoring you.  Isn’t it good to be back in the days when common sense prevailed?

 

The CCJs have to be 2 years old or more but I reckon this might change.  So lets see.

 

So if you want to start investing but you thought you were an outcast think again.  Join the Ahuja Group for free and we’ll start building a portfolio for you (where the risk is all on me) sooner than you think!

 

JOIN NOW

 

Ajay

 

Posted on: 21st May 2010