Released on: September 7, 2007, 8:24 am

Press Release Author: Charlotte Burrows

Industry: Real Estate

Press Release Summary: Anyone with a property that they no longer wish to live in is
being advised against renting it out.

Press Release Body: New research shows that renting a property can end in disaster
as many potential tenants are happy to lie over key issues.

A study by Experian shows that 23 per cent of tenants have no issue with
exaggerating their income in order to land a rental property.

A further four per cent are happy to lie to a landlord about the job they do and
this can lead to big problems for the landlord in the future.

\"Many landlords insist that tenants are professionals on the basis that they will be
paid well enough to afford the rent - but this leads to some prospective tenants
lying about their employment status and their salary,\" said Peter Brooker from
Experian.

\"The result is that many UK landlords have endured bad tenants who refuse to pay
months of rent - often aided by government programs that protect them - and then
disappear leaving the landlord with hundreds or even thousands of pounds in unpaid
and unrecoverable debt.

\"At the moment, there is relatively little that the landlord can do,\" he added.

Landlords are also saddled with responsibility and recent research by the National
Landlords\' Association showed that most new landlords underestimate how difficult it
is.

Julian King, director of fast property sale firm National Homebuyers says amateur
landlords frequently find themselves with little option than to sell and walk away.

\"We purchase properties from BTL landlords who think that being a landlord is an
easy route to the pot of gold.

\"Increasing interest rates are making the job of making money through property very
difficult for most. Add to that the nature of the tenant and this could mean that
the only way to save their headaches and their wallets is to sell their property
quickly.\"

National Homebuyers are the UK\'s leading \'sell home fast\' company, guaranteeing a
quick sale on every property surveyed, regardless of the vendor\'s reasons for
selling.

Web Site: http://www.nationalhomebuyers.co.uk

Contact Details: Sterling House
20 Victoria Way
Burgess Hill
West Sussex
RH15 9NF
0870 979 8118
Fax: 01444 257333
info@nationalhomebuyers.co.uk