More Landlords take out rental protection insurance.

Legal 4 Landlord a national letting specialist has recently reported a 50% increase in Landlords taking out rental guarantee insurance, this quarter.

Along with a 10% rise in tenant eviction inquiries over a similar period Recent figures last week revealed that over 74,000 tenants in England and Wales are in servere arrears, which represents a 13% increase compared with the same period last year

Kevin Cox of Bristol letting agents Igloolets.com said “We are quite lucky as an agency, we monitor rents tightly, and keep on top of potentially difficult situations, regarding people who are struggling to pay their rent. We have strong rental arrears, procedures, automatically issuing appropriate legal notices, immediately a tenant misses a month. The difficulty is if you allow a tenant to fall into arrears they always stuggle to catch up and Landlords seldom see their money at the end” He also added “ Landlord are feeling the pressure, as well when it comes to higher increased cost of living and such like, rental arrears may well also put a Landlord under severe pressure also.