Tenants' finances in healthy state

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Rental sector tenants' finances are at their healthiest in five years despite the cost of paying for a roof over their head reaching new highs for two months in a row, a major lettings network has reported.

Some 7.1% of rent payments were late in October, marking the lowest proportion since LSL Property Services, which owns chains Your Move and Reeds Rains, started tracking the figures in November 2008.