Rising rents put pressure on tenants, says LettingFocus.com

Share this onShare on FacebookTweet about this on TwitterShare on Google+Pin on Pinterest

An increase in rent has piled more pressure on tenants, according to LettingFocus.com.

David Lawrenson, private rented sector expert at the organisation, said that the amount that people are paying has gone up “markedly” over the last 18 to 24 months.

He noted that over the last couple of months there have been reports that rents were falling, although the evidence for this is mixed.

According to the Consumer Credit Counselling Service, there was a 30 per cent increase on the number of renters in arrears contacting the body for advice.

“If tenants say that they can’t pay it or if landlords find that there are more of them going into arrears, then they will either do one of two things. Firstly, they would have to restrain the rent increases in future or, secondly, be even more picky about the tenants that they have, to try to avoid those that are likely to go into arrears,” Mr Lawrenson stated.

See if you can save money on your rental insurance with Discount Landlord’s competitive rates

16th March 2012