Here's £25K, now fork off!!!

[Menelaus]

http://www.telegraph.co.uk/finance/p...elsewhere.html

Hundreds of lucky home owners are being told that part of their home loan will be paid off if they remortgage elsewhere.

Hard-pressed lenders, desperate to reduce the size of their loan book, are offering to pay off up to 20pc of some customers' outstanding mortgages. In some cases this can reduce the mortgage debt by up to £25,000.



Must be great for the BTL'ers. Mortgage interest paid by renters and capital paid off by lenders!

I wished I'd kept my BTL properties now instead of selling them at the so called peak.

Hold on - paying off 20% of the mortgage, to a maximum of £25K = £125K mortgage or in other words smaller than the average.

[DimPrawn]

http://www.telegraph.co.uk/finance/p...elsewhere.html

Hundreds of lucky home owners are being told that part of their home loan will be paid off if they remortgage elsewhere.

Hard-pressed lenders, desperate to reduce the size of their loan book, are offering to pay off up to 20pc of some customers' outstanding mortgages. In some cases this can reduce the mortgage debt by up to £25,000.



Must be great for the BTL'ers. Mortgage interest paid by renters and capital paid off by lenders!

I wished I'd kept my BTL properties now instead of selling them at the so called peak.