More than one in ten buy-to-let tenants are in rent arrears due to rising costs of living.
According to research by AXA, the number of private renters slipping into arrears because of rising rent is increasing. 13 per cent of renters have gone into arrears in the past 12 months, with over half of these doing so in the past three months alone.

Lee Jones, MoneyMarketing.co.uk – 11-Aug-2008

The research also found that over 50 per cent of tenants are increasingly concerned about being able to afford their rent going forward.

AXA says this will potentially add further misery to the mortgage market as buy-to-let owners are left financially strapped through tenants failing to pay the rent.

The insurer also found that 95% of those in privately rented accommodation have no kind of income protection to help out if their financial situation was to alter through losing their job – Full Article