Rental Arrears on the Rise

The number of tenants falling into rental arrears has risen, according to new research.  National Landlords Association research found that a typical member, with an average portfolio of 12 lettings, has four tenants in arrears with an average of £2,363 owed.  The NLA found that just under half (49 per cent) of 546 landlords surveyed online experienced rental arrears over the past 12 months, while 37 per cent are worried about arrears over the coming months. The research also revealed the impact on smaller landlords. Of those with only one letting, 16 per cent are making a loss on their investment.  Read more on the NLA website.