Fife Buy-to-Let Property Market Going into Crisis?
…as Fife first-time buyers now only need a 5% deposit for a mortgage.
Fife landlords, sell your property portfolios, your tenants will soon be leaving in droves as they buy their first home with the new 5% deposit mortgages backed by the Government’s new mortgage-guarantee scheme revealed in March’s budget! These 95% mortgages are to be supported by the Treasury, lessening losses for mortgage lenders should the borrower be incapable of repaying and get repossessed, as the Government want Generation Rent to turn into Generation Buy. Continue reading Fife Buy-to-Let Property Market Going into Crisis? (4 min read)