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Old 16-08-2007, 06:02 PM
davy9449 davy9449 is offline
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Join Date: Jun 2007
Posts: 4
Question New Build - Lettings and discounted rates!

Can anybody tell me if they have had experience of property investment companies who aim to give you substantial discount on new builds with a buy-to-let mortgage?
The discount acts as your leverage and you obviously need to rely on the lettings to cover your mortgage and perhaps a bit more to cover void periods. Apart from the initial 'finders' type fee this seems to be a good option, although I have heard people say they are sick of long void periods. Would these void periods be more on older properties?

Just wanted to know peoples thoughts on this if they have had experience? I am currently in touch with one but not decided anything as yet!

Cheers,

Dave
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