Housing Providers Braced For 80% Rise in Arrears

The social housing sector is preparing for an 80% rise in rent arrears rates as a consequence of the government's welfare reforms, according to a new study. Respondents to accountancy firm Baker Tilly's survey reported that the average level of rent arrears was 2.64% in the year ending 2013 but that this was expected to rise to 4.82% in 2014-15. Download a copy of the report from the Baker Tilly website.