Many landlords predict rent arrears increase

Landlords who are busy buying rent books or those looking to enter the buy-to-let market may be interested to learn the results of a new survey.

The poll, conducted by the National Landlords Association (NLA), found that 71 per cent of respondents think there will be an increase in rent arrears in the next year.

Around 28 per cent thought there would be no change while one per cent thought rent arrears would decline.

David Salusbury, chairman of the NLA, said: "Landlords are clearly concerned that tenants will be unable to keep up with rent payments over the next 12 months."

He also urged those looking for tenants to do full credit checks before they sign any tenancy agreements.

Last week, the NLA said that buy-to-let investors should be able to benefit from new government plans which could help homeowners pay their mortgage, Contractor UK reported.


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Published on: December 10, 2008

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