It seems that despite the fact the economy is now in recovery, according to most experts, landlords are still very worried about where they will be in a couple of years time. This is probably not surprising considering the attitude of the banks which has been well documented on this blog over the last month or so.
I suppose that if you are in a position where you need to negotiate some or all of your mortgages in the near future, you have a real reason to be concerned. Considering the fact that so many landlords have struggled through the previous eighteen months, it is understandable that the way banks are acting is making them extremely edgy.
They are also concerned about the plight of tenants, many of whom are still finding it hard to make ends meet. Clearly this is an issue for landlords as it will inevitably be linked to some rent arrears, which in turn will make it difficult for landlords to meet their commitments.
While I think caution is called for at this stage of the recovery process, landlords should be careful not to worry themselves into a difficult position. For example, as I have said before, keeping up with insurance payments is vital.
