BTL no longer works unless you have 50-60% equity
Anyone borrowing high LTVs is truly f**ked - I honestly believe it is too late to get out as prices will slump over the next 24 months
Posted By: JoeyDeacon on June 22nd 2023 at 12:17:05
Message Thread
- Interest rates up 0.5% (General Chat) - SCC 28, Jun 22, 12:02:35
- Chase have just increased saving rate by 0.5% (General Chat) - Boyer, Jun 22, 16:56:53
- Thanks (n/m) (General Chat) - ingi, Jun 22, 13:43:39
- No it doesn’t (n/m) (General Chat) - Ken Breadstick, Jun 22, 13:04:00
- Why does it mean no increase for savers? (General Chat) - jamesward, Jun 22, 12:42:58
- Great (n/m) (General Chat) - Augustus Pablo, Jun 22, 12:34:24
- Lots of the online savers pass on rate rises (n/m) (General Chat) - loz, Jun 22, 12:04:36
- Buy to let brigade must be shitting (n/m) (General Chat) - MonkeyPuzzle, Jun 22, 12:03:47
- as must be all the people who rent their houses/flats (n/m) (General Chat) - paulg, Jun 22, 14:00:52
- BTL no longer works unless you have 50-60% equity (General Chat) - JoeyDeacon, Jun 22, 12:17:05
- That’s a good thing. Need some of those freed up for others to buy as homes. (n/m) (General Chat) - Legacy Fan, Jun 22, 16:28:14
- Can always sell up and get a job tbf (n/m) (General Chat) - SCC 28, Jun 22, 12:04:36
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