Credit Crunch benefits Rental Sector
With the turmoil in credit markets showing no signs of easing Landlords are looking to benefit from the consequential drying up of mortgage finance for would be buyers. As lenders demand bigger deposits and look to rebuild profit margins by failing to pass on interest rate cuts to borrowers many would be first time buyers, in particular, are having to throw in the towel and resign themselves to staying in rented accommodation. Good news for Landlords.
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