Property Funding

[cedars]

We are finding it really difficult to find companies who are still willing to offer buy to let mortgages in this market to small time property developers, most of them have been withdrawn. We have just found another property and agreed a purchase, but are struggling with funding. Can you recommend anyone!!

[CH1]

You could try The Moneycentre -they are quite good if a tad on the expensive side so if they were able to find anything I'd negotiate their fee first and see what LTV's they have sourced as 85% LTV are becoming rarer. I was lucky to complete on 90% LTV a few months ago (not via moneycentre) however had to push the lender directly myself to clinch the deal there is only so much mortgage brokers do if lender says no.

[Simon Dewsberry]

Today email rcd from money centre:

Make sure you don't have unused equity

If you have bought property over the last few years then now may be a great

time to reinvest. Recent research from Nationwide* shows that you might

be sitting on more equity than you think - despite recent price falls, the

average price of a house is still 9% higher than 3 years ago.

Take advantage of the credit crunch

With more properties available below market value and rental demand

continuing to grow across the UK, now is a good time to consider using any

equity to buy more property.

Call me now about increasing your portfolio. I'll be happy to discuss your

funding strategy and also help you find discounted properties.

I look forward to hearing from you.

Oliver J Bishop

Telphone: 01603 428528

Email: obishop@themoneycentre.net

Website: http://www.tmcnorwich.co.uk

*Nationwide House Prices � June 2008

http://www.nationwide.co.uk/hpi/historical/June_2008.pdf

The Money Centre, three-time winner of the 'Best Buy-to-let Mortgage

Broker' award from Mortgage Introducer

Also another good guy : FIM ...spk to Garth 02920 237003...tell him the Rodent gave you the number ....

Also spk to lenders direct ..

The Rodent