Buy to Let Mortgage?

thesaint

Yant1 wrote: »

Interest rates will rocket to between 6.5-16%

House prices will drop 10-60%

He will lose all of his deposit alot of fees and possibly his own house or part thereof.

Your tolerances are quite generous.

I wouldn't class interest rates at 6.5% as "rocketing".

A 10% drop is negligble, as prices would drop across the board.

Working on the figures you gave, Col.Mustard would not lose any of his deposit or fees.

I don't understand how you can lose part of your house, do they take the front or back, or do they take upstairs and you keep downstairs?

Col.Mastard

Is a True Self Cert, BTL Mortgage product @ 90% LTV, No Rental Income Proof available yet???

Many Thanks