Credit Crunch doesnt faze landlords

A comprehensive survey carried out by residential landlord has found that a large majority of UK landlords are prepared to tough it out through the credit crunch as opposed to selling their properties.

The survey was carried out on their member who own more than 100,000 properties and found that 89 percent of them wanting to hang on tight to their residential portfolios. 44 percent of those not wishing to sell have also commented that over the next three years they are in fact hoping to expand their portfolios further.

Half of their members class their portfolios of residential properties a business and to more than a quarter this is classed as their main income. Nearly half also commented that their investment was also to create a pension scheme.

Although this credit crunch has been hard for some, it looks as though the UKs landlords will be holding it out through such a rough time.

News brought to you by Insuremyletproperty.co.uk, providing let property insurance to the UK.

January 23^rd 2009

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