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leedsproperty

Repossessions

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Does anyone have any evidence (anecdotal or otherwise) that the banks and building societies are holding onto repossessions and renting them out?

Presumably with rates so low at the moment, paying savers 2% and getting perhaps 4% on a property they can do this.

Hopefully rate increases will soon sort out this practice, if it is occuring, and the floodgates will open!

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