Buy-To-Let Landlords Warned Of Rise in 'Severe Arrears'

Buy-to-let landlords are being warned of a rise in the number of UK tenants in "severe arrears". The Tenant Arrears Tracker, published by LSL Property Services, shows the number of renters more than two months behind on payments rose by 4,000 to 94,000 in the first quarter of 2013 - an increase of nearly 5 per cent. This represents 2.3 per cent of all tenants in England and Wales. LSL said severe arrears over the past 12 months are now 20 per cent above the long-term average and that eviction by court orders are also running at a record level and 10 per cent higher than a year ago. Read more on the LSL website.