Tenants could be finding it hard to deal with credit card charges and bank claims at the moment.This is because, according to chairman of the National Federation of Property Professionals Mark Hayward, it is cheaper to buy a home than to rent it at present.He pointed out that people who are currently renting a residence and are paying a "premium rent" will find it hard to save up the required finance for a mortgage loan claim.However, at the end of a tenancy, the occupant will have "nothing but expenditure", whereas when someone moves out of a home they own, they will have accumulated capital value, the specialist continued.Mr Hayward noted the "unprecedented demand" on the private rented sector is pushing rents up even further.This could mean many people are falling into arrears, with the National Landlords Association's recent Landlords Panel finding 49 per cent of owners of rented accommodation have seen occupants falling behind on rent in the last year.John Fieldman Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.
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