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  • Mortgages & Finance

    Personal loans as deposits on BTL

    Lenders what a buffer 25% is the norm now

    I think the bottom line on this is If a Landlord cant find the funds for a Mortgage in cash they should be taking a good look at what they are doing

    Taking a further advance from a property is a good way to find deposits but the LTV will be around 75% Max  so the lender still has a buffer

    Now here is an intreating thought If a Director borrows the cash via a P Loan can they give the funds to the company via a Directors Loan account

    I can see plainly it cant be used in a Personal BTL application but what about a Company application ???



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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.


    Payday lenders on the other hand charge such high interest that the aggregate of total debt versus total income easily covers defaulters.
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    Yes in theory  - but Wonga got their business model wrong and 1000`s of people got hurt

    https://www.bbc.co.uk/news/business-47370747

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    Jonathan Clarke. http://www.buytoletmk.com

    Yes, that's because the government changed the rules after the fact. Quite rightly in my view.

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