06.10.2008 - Ten tips for distressed landlords
From Times Online: Llandlords coming to the end of cheap two-year fixes face payment shocks of almost 300 a month on a typical 150,000 mortgage, as house prices fall and lenders pull their competitive deals. The number of buy-to-let mortgages shrunk by almost a third in a single day last week following the withdrawal of Bradford & Bingley, formerly the UKs biggest lender to landlords, from the market. UCB Home Loans and The Mortgage Works, both owned by Nationwide, followed suit. Nationwide said it was a temporary measure as they were inundated after B&Bs demise. It expects to resume business for new customers within days..... Full Article: Source
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