Buy to let property landlords face tough time ahead on rent arrears

Discussion in 'UK Property' started by Nicholas Wallwork, Nov 3, 2009.

  1. Nicholas Wallwork

    Nicholas Wallwork Editor-in-Chief Staff Member Premium Member

    [​IMG]With the UK still in recession property landlords will continue to face*tough times in terms of collecting rents but a plan by opposition*politians to re-introduced payments direct to property owners could ease*the situation, it is claimed.

    Local Housing Allowance (LHA) was introduced for new tenancies in April*2008 and instead of rent being paid directly to private landlords to cover*housing costs it went straight to the tenants who had the responsibility*to pay the landlord. In practice many failed to do so.



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