Monday, April 6, 2009

More examples of head-in-the-sand attitudes to property

Don't trip up if you become one of Britain's 'accidental landlords'

It's hard to imagine a more difficult time to sell a home, and current conditions in the property market have pushed some homeowners into the reluctant role of landlord. Lucinda Marsden, 24, who works in public relations, lives in Notting Hill, west London, but owns a three-bedroom flat in Nottingham which she bought in her second year of university in 2004. She rents out her Nottingham property for £900 a month. This money is used to cover the mortgage and also goes towards her rent in London. Lucinda has no plans to sell the property at present and wants to wait until the market improves.

Posted by drewster @ 02:31 AM (953 views)
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2 thoughts on “More examples of head-in-the-sand attitudes to property

  • “She bought in her second year of university in 2004.” I want to know which lender gave her the money.

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  • Name of ‘Lucinda’, works in PR, lives in Notting Hill. Just a typical graduate in media-land. The Independent probably knows her because she worked there as an intern. Mummy and daddy probably pulled some strings to get her that job and they also bought her the flat.

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