Landlord News

21% of rental property owners had tenants who were unable to pay the rent from the beginning of April to the end of June 2010, according to the National Landlords Association (NLA). This represented a significant decrease from the 24.5% figure, recorded for the first three months of the year.

Landlords will also welcome news that the total amount of outstanding rental arrears dropped from £978 in Q1 to £799 in Q2. Increasing numbers of tenants are finding themselves in stronger financial positions as the British economy continues to take positive steps towards recovery.

David Salusbury, Chairman of the NLA, said, 'rent arrears are a serious problem for landlords all over the UK. It is good to see the latest data which represents a small improvement in that more tenants are keeping up with their rent payments and not putting pressure on their landlords who may well have mortgage repayments to consider'.

'Where problems do exist, the NLA’s new service is designed for landlords who need a helping hand in guiding them through what can be particularly stressful and complicated procedures which must be carried out correctly. NLA Rent Arrears provides a structured and cost-effective route for resolving such situations', he went on.

Any landlords who are worried about the issue of rental arrears are advised to research the excellent deals currently available on Rent Guarantee Insurance.