Guardian: Instant Access … to buy-to-let misery
Guardian: Instant Access … to buy-to-let misery I was sold a buy-to-let flat in Leeds in June 2005 after going to an impressive Inside Track seminar. This convinced me property was a safe route for my children’s financial future.
But the figures never worked out - I am paying out some £240 a month more for my Birmingham Midshires loan than my rental income. And now I am behind with my mortgage. Instant Access will not buy the flat back or offer any material help. What are my options? Will I lose my home?
[Property was valued at £219k, with 40k “discount” and estimated rental income of £1050/month. It is now lying unrented even at £575/month, and the property is valued at £120,000. PWNED!!!]
Original post by little professor
This entry was posted on Sunday, May 25th, 2008 at 5:39 am and is filed under Housing. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback