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.
It often will, but it doesn't have to.
If I buy and rent out a £200k house to provide an additional pension when retired, my topping up the mortgage after your rent would be a very cheap savings scheme for me, as your rent is effectively paying in as well.
I'm not a landlord, I have only half a house.