Abacus Daily Debt News

Tenants ‘may require debt help to pay rents’

A number of tenants may need debt help to enable them to pay their rents, new research has suggested.

According to the National Landlords Association (NLA), one-in-five property lenders have experienced renters being in arrears in the last three months.

During the second quarter of the year, 21 per cent of landlords had tenants unable to meet their payments, which represented only a small improvement on the 24.5 per cent recorded in 2009.

David Salusbury, chairman of the NLA, noted the problem is of serious concern for landlords in the UK.

The industry figure added: "It is critical that tenants and landlords communicate and work together to tackle financial problems before they result in a loss of rent or even the tenancy."

Recently-released figures from the Office for National Statistics revealed households in Britain are now facing elevated energy bills as domestic consumption has swelled over the last 40 years.

By James Francis