Submitted on Tuesday 23rd December 2008
More B2L arrears and negative equity anticipated
The National Landlords Associations warns that 71% of landlords expect more rent arrears during 2009.
They said it was more important than ever for landlords to credit check tenants or check their references before they make a decision.
Another recent report from Standard & Poor warned that up to 40pc of landlords were in danger of falling into negative equity by 2009.
Such concerns may explain why lenders are not really supporting the sector and if it was not for low interest rates arrears and repossessions would inevitably be higher.
