Amateur landlords making a loss

New research has found that 15 per cent of amateur private landlords (those with four properties or less) have made a loss in the credit crunch, compared with 100 per cent of professional landlords (those with more than 20 properties) who made a profit. The professional landlords said they were taking advantage of falling prices, repossessions, auctions and sale and rent back schemes to add to their portfolios. Overall, 7 per cent of private landlords have been involved in some repossession activity by a lender, and 4 per cent has missed at least one mortgage payment in 2008.