The avalanche of rental arrears caused by the pandemic is showing the first signs of slowing down, with a growing majority of landlords now reporting a reduction in the level of late rental income owed to them.

A new survey of nearly 4,000 landlords from buy-to-let specialist, Sequre Property Investment, has revealed that nearly one in five (17%) have experienced rental arrears as a result of the pandemic.

For a third (27%), this has been a marginal inconvenience to the tune of one month’s rent. However, a further 23% have been out of pocket between one and two months rent, with half have seen these arrears accumulate to two or more months of rental income.

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