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Thursday, January 29, 2009

15% of Amateur Landlords Made a Loss

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. - Read more in the Ft Advisor

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