Landlords forecast rise in rental arrears

clock

Roughly 71% of landlords expect rent arrears to increase during 2009, research by the National Landlords Association (NLA) has found.

Of those questioned, just 1% felt that rent arrears would decrease next year, with just over a quarter (28%) expecting no overall change. The study also found that two thirds (67%) of landlords have experienced problems with rent arrears in the past, with 37% facing payment difficulties with current tenants. David Salusbury, chairman of the NLA, says landlords are in a worrying situation, and need to do all they can to ensure they receive rent regularly. Salusbury emphasises regular communication between both parties is essential to head off any problems. "The money received through ren...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Retirees shun financial advice and take DIY approach to finances

Retirees shun financial advice and take DIY approach to finances

Four in five of over 55s who have retired, did so without financial advice

Sahar Nazir
clock 29 April 2024 • 1 min read
More than money: Putting your clients on the right track

More than money: Putting your clients on the right track

'In truth, financial advice is so much more than just money'

Roger Brosch
clock 29 April 2024 • 4 min read
Plugging the support gap in retirement 'not FCA's role'

Plugging the support gap in retirement 'not FCA's role'

Majority of professionals say FCA should not have to plug support gap

Sahar Nazir
clock 29 April 2024 • 1 min read