The Day When to-Let Died ; B& B Debacle Brings Mortgage Hikes and Repossession Threat
Daily Mail › September 30, 2008
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Summary
THE collapse of Bradford & Bingley sounds the death knell for buy- to-let.
More than 1.1million British investors put their money into property for rent, borrowing against the value of their family homes.See the full content of this document
Extract
The Day When to-Let Died ; B& B Debacle Brings Mortgage Hikes and Repossession Threat
The hope was that the rental income would cover the mortgages, while they would cash in from the supposedly inevitable rise in house prices.
However, the market has now been hit by a double-whammy which threatens mass repossessions and an even bigger property market ...See the full content of this document
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