An increase has been noted in the number of tenants unable to pay their rent on time.
Research from the Association of Letting Agents (ARLA) has revealed 41 per cent of members have reported a rise in individuals struggling meet their payments in the six months up to March.
However, it may not be just tenants that are struggling, with operations manager at ARLA Ian Potter warning some landlords may be finding it hard to keep up with their mortgage repayments.
"At worst, this double whammy may result in landlords defaulting on mortgages and tenants being forced to move out of a property," the expert commented.
If you are a Landlord and want to protect you monthly rent please ask us about 'MAC Promise'.
firstname.lastname@example.org / 01243 823000