A third (32 per cent) of landlords in the UK – approximately 500,000 – say they have experienced rent arrears in the last 12 months, according to research from the National Landlords Association.
The research shows that a typical landlord faces £1,649 of outstanding rent each, totalling £850m worth of rent arrears across the UK.
The findings, from the National Landlords Association (NLA), also show that one in five (22 per cent) landlords in the UK – approximately 300,000 – are worried that their tenants won’t be able to keep up rental payments over the next year.
The research supports the launch of the NLA’s latest campaign: rent, risk resolve. The campaign aims to highlight four of the biggest risks facing landlords and help them to minimise the impact on their lettings business:
- Rent arrears
- Rising interest rates
- Local landlord licensing and regulation
- The introduction of rent controls
Landlords can now ensure that they will never have rent arrears with a new service available through NetRent, please click here https://www.netrent.co.uk/huntingrove/. Whether the tenant pays or not your rent will be paid on time every month. Why take the risk that your tenant will pay the rent? Contact us now on 01352 721300 and we’ll explain how your rent will never be late again.
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