Monthly Archives August 2010

Get Half Your Deposit Back on a Buy to Let

If you are: 1/ An experienced landlord 2/ Can afford a 30% deposit 3/ Want to buy a Buy-to-Let property that needs some work Then it may be possible to get over half the deposit back once a bit of redecorating work has been done as well as recoup some of the cost of the redecorating. There is a mortgage product available known as a ‘Light Refurb’ offer. The way it works is this: 1/ 70% of the current property value is advanced (subject to the potential rental value) 2/ The ‘light refurb’ work is carried out (within 3 months) 3/ 70% of the
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