Industry survey shows 56% of landlords have rent arrears due to covid.
Over half of landlords in England lose rental income due to Covid-19.
More than half of private landlords in England have lost rental income as a result of the Covid-19 pandemic, according to new research published today.
Interim findings from the National Residential Landlords Association survey have found that 56% of landlords had lost rental income as a result of the pandemic.
Of all those who had lost rental income, 22% had lost more than £5,000 and 59% had lost more than £1,000, with 36% saying the losses are continuing to increase.
Commenting on the results, Connor McCann from Omarentals said:
"There are major rent arrears within the Private rental sector throughout the U.K. and Ireland. Landlords, as well as tenants are facing considerable problems and a period of uncertainty. The ongoing pandemic is creating many casualties within all sectors, not just on the high street.
Omarentals are pleased to report to our landlords that less than 2% of tenants under Omarentals management are in arrears."
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