Reluctant landlords reduction

There has been a reduction in the number of 'reluctant landlords' operating within the rental sector, according to new research.

A study from the Association of Residential Letting Agents (Arla) has found that there has been a drop in the amount of homes coming onto the marketplace due to buyers not being found.

This could signal an upturn in the housing sector as a whole, with reluctant landlords seen as a key part of the general downturn due to a lack of movement within the property market.

Ian Potter, operations manager at Arla, said: "Many sellers were left with little option other than to rent their properties out earlier in the year but this trend seems to be slowly diminishing.

"There are, however, still a huge number of these reluctant landlords in the market who need to understand the obligations of a landlord to their tenants and the importance of choosing a regulated and qualified letting agent."

London and the south-east of England have experienced the largest decreases in reluctant landlords, Arla revealed.

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