Monday 24 January 2011

propertytalk Live! - A landlord may not be for life – but should still be paid at Christmas

propertytalk Live! - A landlord may not be for life – but should still be paid at Christmas

The property industry has again urged Ministers to keep to their pre-election pledge of restoring the direct payment of rent to landlords after new figures revealed that 11.7% of all UK rent went unpaid in December.

The LSL December Buy to Let Index recently showed that unpaid rent owed to residential landlords totalled £276mn across the UK in December, the highest total since December 2009.

The proportion of all UK rent that was unpaid or late by the end of December rose from 9.7% in November.

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