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Letting agents report a drop in number of landlords in arrears

The number of landlords with buy to let mortgages that are more than three months in arrears has dropped for the 11th quarter in a row.

The fall is particularly dramatic for the latest quarter of 2015 - some 35 per cent down from the first quarter of this year, and 58 per cent down on 12 months ago. 

Data from LSL Property Services shows that just 5,700 landlords are now more than three months in arrears - the lowest level of landlord mortgage arrears on record.

“While slight, there remains a persistent risk of severe arrears. From landlords this demands awareness, communication, sensitivity and support for tenants. Landlords also need the right incentives to invest further and boost supply. This means rent controls are categorically not the answer" explains LSL spokesman Adrian Gill.

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