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The LSL December Buy to Let Index shows that 11.7% of all UK rent was unpaid or late by the end of December, rising from 9.7% in November. Unpaid rent totalled £276mn across the UK in December, the highest total since December 2009.
The property industry, headed by the British Property Federation (BPF), has repeatedly warned that many landlords will be forced to remove properties from the system, upping the pressure on hard-pressed councils to find homes for those receiving housing benefit. Read More: