Figures from the NLA reveal that 21% of landlords had tenants in arrears over the last quarter, compared to 24.5% in Q1 this year.
In addition, the average amount of outstanding rent arrears dropped substantially from £978 in Q1 to £799 in Q2, indicating that the financial pressures on tenants has started to ease.
David Salusbury, chairman of the NLA, says: “Rent arrears are a serious problem for landlords all over the UK. It is good to see the latest data which represents a small improvement in that more tenants are keeping up with their rent payments and not putting pressure on their landlords who may well have mortgage repayments to consider.
“It is critical that tenants and landlords communicate and work together to tackle financial problems before they result in a loss of rent or even the tenancy.”
