Rents may have risen in the private sector over the last year, but professional landlords are feeling the pinch. The latest findings from the BDRC Continental quarterly Landlords Panel research reveals the biggest rise in the number of portfolio landlords making a loss since the Landlords Panel began in 2006.
Almost nine out of 10 (87%) landlords have had problems with housing benefit tenants not paying the rent on time, with one in 10 (11%) admitting they have had tenants who stopped paying rent altogether, according to a survey conducted by flat and house share website SpareRoom.co.uk.
A survey conducted by the National Landlords Association (NLA) in October 2011, has found that Government caps on housing benefit payments could force over three quarters of landlords out of the Local Housing Allowance (LHA) market. The survey consisted of 528 landlords.
The National Landlords Association (NLA) has called for the Government to give tenants choice in how housing benefits are paid to private landlords.
The latest findings from BDRC Continental’s Landlords Panel research reveals that 15% of private landlords say they will stop offering Local Housing Allowance (LHA) tenancies in response to the government’s changes to the way LHA scheme payments are now being calculated.