Over 800,000 private renters in England and Wales have built rent arrears since lockdown measures began according to new research.
A survey of tenants for the National Residential Landlords Association (NRLA) by the research consultancy, Dynata, suggests that 7% of private renters have built arrears due to Covid.
Applied across the sector that would amount to 840,000 tenants. Whilst the average arrears were between £251 and £500, the survey finds that of those in arrears, 18% now have rent debts of more than £1,000. This would equate to over 150,000 renters.
The survey finds that younger people are most likely to have been affected with 14% of renters aged 18 to 24 and 10% of those aged 25 to 34 having built arrears since March. The self-employed who rent were also most likely to be in arrears, with 17% saying they had developed rent debts since March.
Regionally, 11% of renters in the West Midlands had built arrears since March, the largest proportion of any region in England and Wales. This was followed by London where 9% of renters had accrued arrears.
To keep tenants in their homes, the NRLA is renewing its call for a financial package to help struggling renters to pay off arrears built since lockdown measures began.