Buy To Let Mortgage Rates

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manju01

Joined: 16 Oct 2010
manju01's page
Posts: 1

27 Magic Points

Subject: Buy To Let Mortgage Rates

Sat Oct 16, 2010 4:20 am

the government will not help anyone with mortgage payments for the first nine months of unemployment and after that, unemployment assistance is only offered to a select group of people who have mortgages of less than 100,000.
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Buy To Let Mortgage Rates

Aaron

Joined: 08 Feb 2010
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Posts: 2675

48567 Magic Points

Thu Oct 21, 2010 10:29 am

I do understand the reason for rendering such help to the ones who have mortgages not more than 100,000. At the same time, I'd also be interested to know if there's anything else that fulfills the criteria.
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megous

Joined: 05 Dec 2010
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Posts: 6

131 Magic Points

Subject: Reply

Wed Dec 15, 2010 1:19 pm

For many years landlords have invested in residential property to be let for profit, but arranging a mortgage loan to buy such property had always been hard as tenants were hard to evict and rent levels were relatively low. Since the introduction of the Assured Shorthold Tenancy in the mid-nineties however the rights of tenants and landlords have been more evenly balanced and mortgage lenders have been more willing to provide finance.
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