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Old 09-30-2009, 10:16 AM
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Post Mortgages dearth bumps up rents

The lack of mortgages available to first time buyers is bumping up rents as would-be homeowners struggle to get a foot on the housing ladder, an industry expert claimed.Nicholas Leeming, director of propertyfinder.com, said the credit crunch is good news for landlords because it will inflate their income.“Rent levels have been recovering in recent months [...]

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