Landlords being prompted to run credit checks on tenants

As the economy falters and job losses increase, worried landlords are being advised to carry out credit checks on prospective tenants. Nearly three quarters of landlords say they expect rental arrears to be issues in 2009.

Evicting recalcitrant tenants can take up to six months and end up costing the property owner nearly £1,000. The easier option, say advisers, is to tighten up credit on prospective tenants before they move in. Read more