Landlords who own 20 properties or more are enjoying high profits despite the current financial climate, research has shown.

Data from Business Development Research Consultants (BDRC) showed that 100 per cent of these private landlords are taking advantage of the economic crisis.

The impact of the credit crunch on the mortgage market has meant that many would-be homebuyers have switched to renting after failing to get access to a loan.

This was shown in figures published by Your Move this week, which revealed that demand for rented accommodation increased by 49 per cent in 2008.

According to BDRC, professional landlords are taking advantage of low house prices and adding new homes to their portfolios, while amateur renters are beginning to struggle.

Mark Long, client services director at the firm, said: "Whilst professional landlords are able to cover their costs and expand their portfolios, the amateur landlords, many of whom 'fell' into letting by accident, are really starting to feel the pinch."ADNFCR-2002-ID-18997151-ADNFCR

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