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LATEST NEWS & EVENTS High proportion of tenants falling into arrears, study shows  Many people suffering from personal insolvency are increasingly unable to pay the rent, it has been suggested. According to the National Landlords Association (NLA), 47 per cent of possessions by buy-to-let homeowners relate to renters failing to put forward enough cash. The NLA revealed that in 57 per cent of cases, tenants moved out in less than three months. Furthermore, 23.3 per cent of landlords cited anti-social behaviour as the biggest reason for ending a contract with a lodger. Previously, the organisation revealed that a fifth of private-residential homeowners had tenants in arrears during the second quarter of 2010. Commenting on the figures, David Salusbury, chairman of the NLA, explained: "One-third of landlords have reported paying between £250 and £1,000 to have tenants removed. This amount is often compounded by late rent payments." Recently, the Homeowners Advice Centre suggested that people struggling to keep hold of their property should consider repossession as a last resort. Posted by James Walsh 
Related Articles: 8/5/2012 - More companies fail as personal insolvencies fall 23/4/2012 - Landlords and insurers unite behind insolvency law reform 19/4/2012 - Enterprise Act 'does not need radical overhaul' 13/4/2012 - Retail insolvency rate up 15% as rent payments bite 28/3/2012 - Business insolvencies on the rise More Insolvency & Restructuring News |
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