ludlowthompson delivers low arrears for Christmas
- 10th January 2012
- Our News
Landlords with properties managed by London’s Letting Agent benefit from arrears of less than 3% in December.
Tenant arrears typically increase in the run-up to Christmas, as cash-strapped tenants face more demands on their wallets.
Stephen Ludlow, Chairman of ludlowthompson, comments: “Core arrears of below 3% are an achievement at any time of the year, so we’re particularly pleased to keep arrears so low during the Christmas period.
“The low arrears that we provide to buy-to-let landlords are testament to the quality of our licenced credit referencing system.”
With some estate agents reporting arrears as high as 9%, it really pays to use an agent with a proven record at keeping arrears low.
Says Stephen Ludlow: “There are concerns that the UK jobs market could be affected by on-going problems in the Eurozone, which could have a knock-on effect on arrears. London landlords enjoy an advantage because there is such high tenant demand in the capital that they are more likely to be in the position to choose a tenant with secure employment.”
Landlords concerned about arrears who want complete peace of mind can opt for a rental warranty that protects them in the event of serious arrears.
The low arrears that we provide to buy-to-let landlords are testament to the quality of our licenced credit referencing system.
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