Wednesday, January 28, 2009
BTL latest – amateurs versus professionals
While 100 per cent of professional landlords have managed to make a profit despite the credit crunch, 15 per cent of amateur landlords have made a loss. According to new research by Business Development Research Consultants (BDRC), there is significant polarisation in fortunes between 'amateur' private landlords (those who own four properties or less) and 'professional' private landlords (those with more than 20 properties).In total, 7 per cent of private landlords questioned had been involved in some repossession activity by a lender in Q4 2008. A further 4 per cent had missed at least one mortgage payment in 2008.