The UK has witnessed a rise in the number of tenants struggling to pay their rent, according to research from the Association of Residential Letting Agents (ARLA).
Based on the results of their findings, 39.2 per cent of members reported a rise in the number of tenants they had under contract that were struggling to pay their rent.
This figure was up on figures from the previous quarter, when member landlords registered that 36.7 per cent of tenants had problems with paying rent.
Commenting on the figures ARLA president Tim Hyatt explained that the figures reflected "a sign that the wider economic malaise is having a tangible impact on personal finance“.
"Some consumers may have reached the limit of their access to finance, while others may be cutting back as many commentators have predicted,"he said.
The ARLA research also found that 55 per cent of its ARLA landlord members reported more tenants than properties available.
While this figure represented continuing demand for rental properties, it was down on the 74 per cent of members who recorded more tenants than property.