The bank of England has suggested that house price,s should only rise by 5% per year as they don,t want another bubble in the housing market .......... truth is that this bank and the high street banks don,t want people making profit of the houses they,ve brought for next to nothing during the slump as many are buying houses with the cash they make and renting them out so the banks then don,t get the money they make in profit to play with on the world markets ........... put it like this ...... a bank will give you up to say 3% per annum on your money that you deposit in their banks when in real estate you could be raking in anything up to 20% yeild per annum on each house so to the people out there who,ve been lucky enough to buy to let well done as rents will always pay you a lot more than the greedy banks for instance ....you,ll pat bay back at least 2.5/3 times as much for a mortgage or loan to buy an house and if you want to borrow money of any bank they,ll charge you 29.9% interest on that while only giving you up to 3% on the money that in reality you are borrowing them so it goes to see that legal theft is ok for them to do
Posted on: Fri, 13 Sep 2013 06:17:19 +0000
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