Less Rent Arrears in the Second Quarter

About twenty per cent of buy-to-let landlords have had rent arrears in the second quarter of the current year because of the tenants who are still having difficulties with fulfilling their financial commitments.

The National Landlords Association (NLA) reports that the situation during the second quarter of 2010 turned out to be a bit more positive than during the first three months of the year, when as much as a fourth of buy-to-let landlords had financial problems as their tenants couldn’t pay the rent on time.

Another encouraging news is that the average amount of rent arrears has experienced a significant decrease (by nearly twenty percent) in the second quarter of the year.

Such a positive tendency could mean that financial pressures on tenants have slowed down due to unstable economic recovery.
 


Articles

The cultural transformations that have made people accept life in debt have had a direct impact on the approach youngsters take to money matters, which could lead to negative consequences in the long run as many of the next generation would resort to IVAs to cope with serious financial issues.

When we put efforts into our work and get paid for this, we get an amazing feeling of satisfaction. Our hard hard work seems to have been remunerated financially. We go shopping and buy the items we need and the items we simply want.