Rent arrears 'are a serious problem for landlords'

News Category: Industry News

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One in five landlords have experienced problems with rent arrears, according to new research.

The survey by the National Landlords Association (NLA) found that this was a drop from the last time the poll was conducted, at the end of the first quarter of the year, when almost a quarter reported rent arrears problems.

Chairman of the NLA David Salusbury explained that rent arrears are a serious problem for landlords.

"More tenants are keeping up with their rent payments and not putting pressure on their landlords who may well have mortgage repayments to consider," he said.

Mr Salusbury added that tenants who find themselves in financial difficulties should contact their landlord as soon as possible in order to avoid losing their home.

Last month, the NLA commented that the measures contained in the chancellor's emergency Budget could have been much worse for landlords.

However, the vast majority of landlords will be affected by the jump in capital gains tax to 28 per cent, Mr Salusbury said.

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