Are our clients finding it more difficult to operate their letting businesses? The National Landlords Association has published research suggesting that more than half of landlords have experienced late rent payments in the past year and they fear that housing benefit cuts will make the situation worse by putting further pressure on tenants.
The NLA surveyed nearly 600 landlords and found that the average late paying tenant owed £730 in late rental payments. Their research also found that 62% of all landlords believe running a letting business is becoming more difficult.
David Salusbury, Chairman of NLA commented: “ It is concerning that more than half of landlords have received late rent payments or no rent at all in the past year”.