Monday, April 6, 2009
More examples of head-in-the-sand attitudes to property
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.