Now no bank will lend me money

unite79

DB cooper - in the UK these are available everywhere, probably the main loser's in House Prices over the last 12 months, i would think again - you will be competing for tenants so prepare for void periods, oh and capital appreciation unlikely for a long while cause loads have bought lost a fortune and want to jump out when market recovers, supply and demand....

robin_banks

I think you need to be very very careful, it could br the time to pick up a bargain particularly in city centre flats, but they simply are not shifting and are unlikley to recover in price until 2011/12

dbcooper_2

Just to say thanks to all that answered. For the record, I've found out there are lenders out there prepared to lend to people who don't have an income. I've been told that to borrow 100k, the figures would be, £600 per month (7% interest rate) and I would have to have a rental income of £750 per month.

In my case I would be putting down a 50% deposit on a house worth 300k.

The information download on this site is a good source of info.