Re: up to a 20 per cent pay cut overnight... For many, the cost of their current mortgage
"The rent you pay has to cover your landlords mortgage. Doh."
I'm an (unintentional) landlord, and the rental income from my property after paying agency and other fees and 40% income tax on the rest does NOT cover the mortgage. That doesn't include paying back the £30K I had to borrow to get the house up to a let-able standard either.