Tenants in Arrears

The National Landlords Association (NLA) has published research revealing 37 per cent of landlords currently have tenants in arrears.

44 per cent of landlords have experienced rental arrears in the last 6 month. This goes some way to explaining the significant rise in repossessions and why a growing number of landlords are having problems meeting their mortgage repayments.

When faced with arrears, only 50 per cent of landlords attempted to recover the loss of earnings through the courts.

David Salusbury, Chairman, NLA, commenting on the rise in this significant rise in rental arrears, said:

"This is becoming a serious problem for landlords all over the UK. Paying the rent has to be right at the top of tenants' priorities as even one month's arrears, in this climate, could be the straw which breaks the camel's back. The mortgage has to be paid and the vast majority of landlords do everything in their power to make sure this happens.