Lenders Can Seize Buy-to-Let Properties Without Court Orders
The Council of Mortgage Lenders has warned today that lenders can seize buy-to-let properties without court orders if they're struggling with their mortgage payments.A spokesman for the CML said lenders could "step into a landlord's shoes". Banks could either receive rent from the tenant for a fixed period of time or even repossess the property.
As our previous blogs mentions, there has been a flod of properties coming onto the rental market as people struggle to sell thier houses, causing rents to fall for the first time since 2003.
This is where Quickmovenow.com can help you:
- If you're struggling to sell your house through an estate agent, call us - as a private, cash buyer, we can act quickly, often closing a purchase within 7 days, letting you get on with your move, and helping you avoid the alterntive of renting your property out in a falling market
- If you're a landlord, your falling rents may mean that you can no longer cover your BTL mortgage. Don't keep struggling as rents may not recover for some time to come. Instead call us - we will buy your house, quickly, relieving you of the stress evident in this market and ensuring you lose no further money on your property.
Remember, as a private, cash buyer of property, using our own funds, we can act very quickly - certainly fr quicker than any estate agent can act in this market.
Call quickmovenow.com or visit our website for a free estimate of our offer.
Quick House Sale Calculator
Fall Through Index
Refer a Friend
T: 0800 068 3366 
Email Us
0 Comments:
Post a Comment
Links to this post:
Create a Link