According to the KPMG UK Banks Performance Benchmarking Survey, the retail arm of High Street banks in the UK will probably experience losses during the second half of 2009. Bad loans are largely to blame, and are expected to continue causing losses at least through 2010.
People who were optimistic about modest profits during the first half of 2009, then, must prepare for more bad news. The sell rent back industry is sure to continue helping even more people who want to sell and rent back their homes. Sell to rent will most likely become even more popular as the crisis continues.