Auctions offering buy to let mortgages
PUBLISHED 20 November 2007
A rise in the number of repossessions seen across the UK could provide opportunities for buy-to-let investors, says CityWire.
Allsop estimates that 40 per cent of its 2008 auction properties will be repossessed homes, with many being typical of the kind of property bought by a buy-to-let investor.
Two properties coming up for sale in the next Dreweatt Neate auction – terraced houses that have seen use as a shared letting property and a hairdressing salon with planning permission for conversion to two single bedroom flats – are typical buy-to-let investments.
Both are being presented at the Dreweatt Neate sale at the Hilton Hotel, Swindon, on 11 December with guide prices of £145,000.
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