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Need 100% loan for BTL

Last post 24 Aug 2008, 5:46 PM by mrt1. 2 replies.
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  •  13 Aug 2008, 7:55 PM 557867

    Need 100% loan for BTL

    Hi everybody,

    I'm quite new here. I'm from Amsterdam (Netherlands) and living now for about 4 years in the Milton Keynes area.

    I studied the English market for a couple of months and want to start investing.

    Is there anybody who is interested helping me with a 100% loan for up to 6 months? Or can somebody advise me a mortgage broker who can act quick?

    The info: 

    Repossesion property Milton Keynes:

    .
    3-bed.
    It's on the market for 128,995.
    Market value 150,000 (several comparables).
    Put an offer in for 100,000.
    Estimated rent after refurbish: 795 - 850.
    Needs refurbishing for approx. 5,000 - 10,000.

    I've got no deposit. I will do most of the refurbishing myself and want to keep the property as a BTL, using the equity for buying other properties.
    I need 5,000 cashflow after completion/refurbish/letting it.

    Kind regards,

    Pieter

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  •  14 Aug 2008, 11:36 AM 558319 in reply to 557867

    Re: Need 100% loan for BTL

    Hi Peiter,

    I have sent you an email this morning regarding this , hopefully you have received it ?

    Mike Fisher Senior Broker

    Landlord Finance Ltd

    Tel 0114 2213585


    Landlord Finance
    London | 0845 257 89 53
    Sheffiled | 0845 140 40 50

    www.landlordfinanceltd.com
    Fee Free Packaging for BMV investors
    Closed Bridging Finance at 0.4% - No entry or Exit Fees
    Refer a Friend earn £100
  •  24 Aug 2008, 5:46 PM 564673 in reply to 558319

    Re: Need 100% loan for BTL

    This sounds like a sound deal.  I have been looking into this myself.  Mike, could you send me details also, based on a vaulation of 150K and pruchase for 100k.  Again I also have no deposit, and would be lking to do very similar to Pieter, in london and herts.

     

    Thanks

     Mark Taylor

    07861642621

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