February 17, 2009

Buy to let investment loans

Story link: Buy to let investment loans

The Empty Homes Action Plan will help many residential landlords, with the aim of renovating empty or out of use homes, ready for rental in the future, which of course would be an asset to any landlords portfolio.
The project will be looking to target all the 2,000 homes that they have identified.

Buy to let investment loans

Residential Landlords in a Lancashire district may be offered loans as part of a new Empty Homes Action Plan to renovate problem sites. It is one of the options being considered by Pendle Borough Council to overcome the problem of an estimated 2,000 empty homes in its area.
The empty properties are considered a ‘wasted asset’ and the council has warned that it could begin legal proceedings to take over rundown locations to prevent the long-term decline of neighbourhoods.

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