The Credit Crunch – Good News for Some
I have found another good deal in Coventry. I was offered it three weeks ago. The offer was turned down in favour of another one, of just two thousand more. They came back to me yesterday.
It is a four-bedroomed townhouse, immaculate condition, with four bedrooms, two bathrooms. It is quite close to a teaching hospital, so I'm aiming at sharing young professionals. It will, as usual, depend on how the surveyor sees it. I have it worth £222,000 and I’m paying £1757, 000. Rental comes in at about £1250 pcm. According to my spreadsheet it works superbly, and with the right deal, I could even come out with change. I believe anyway Mortgage Express are coming out with some new deals on Friday.
I shall, of course, be using Faster Bridging Finance. With that, you buy one day cash and remortgage the next day. It’s a really neat system.
I now just need to find a deal in Manchester.
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