If If any of the banks are going to resume lending back to the normal levels then you would think the state owned would be the first. And you are right!
This is the latest statement from Northern Rock
We are abandoning our mortgage lending reduction plan and intend to lend again
And I have just found out that the government has tripled their original £100bn package to an astonishing £300bn!
The figures just become too big to comprehend. With all this money that is going to be flying about MAKE SURE YOU GET SOME!
Now when I say get some I do not mean remortgaging your house and going on holiday. I mean:
Remortgage to the maximum LTV to realise some cash
Get some personal unsecured and secured loans
Extend your overdraft facility
Rack up some credit card facilities
Get as many high LTV buy to let mortgages by investing in high yielding property investments.
Then sit back and watch these properties bounce back at around an a additional 20% of value you bought them at and then pat yourself on the back.
If you need help with building a highly geared, highly yielding and highly profitable portfolio then GET IN TOUCH and we will call you back.
My organisation is going to get real busy this year as I know my clients are going to be on my team's back!
P.S. You can call us if you want! 0870 990 3205
Posted on: 18th Jan 2009