Bradford and Bingley threatens legal action for firms involved in "same day remortgaging"

Bradford and Bingley is taking legal action against solicitors who, it alleges, encouraged buy to let investors to practice “same day remortgaging” and thereby reap quick profits. Same day remortgaging happens when investors buy property from sellers who are under financial pressure to agree to a quick sale, or developers. The investor buys at below […]