Tuesday, 17 June 2014

Majority of UK Landlords Reject Tenants on Benefits

New research shows that eight out of 10 landlords in the UK refuse tenants whose rent is paid by local authorities with just 18% happy to let to this group. The study, conducted by the Online Letting Agents, also reveals that 82% of landlords believe LHA tenants do not care for the property in the same way as private tenants and 80% believe that LHA tenants are much more unreliable than private tenants, when it comes to rent arrears. ‘Growing numbers of the 1.4 million private landlords in Britain are increasingly refusing to let property to tenants on benefits. Mortgage lenders and insurers are also growing wary,’ said Eleanor Carroll, director of the Online Letting Agents. Read more on the Property Wire website.

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