Private Renters in Severe Arrears Rises 4%

Private renters in severe arrears are facing a ‘desperate situation’ as the number of those owing more than two months of rent has gone up 4% on a year ago. As of quarter one 2015 there are 70,900 tenants facing more than two months of unpaid rent, according to the figures released by the estate agency chains Your Move and Reeds Rains, part of LSL Property Services. This is 2,700 more than at the same point last year (4%) and 1,500 (2.2%) more than the previous quarter (last quarter of 2014). The LSL figures also show 28,900 tenants faced a court order for eviction in the first quarter of this year – which is up 2.3% since the last three months of 2014. Read more on the LSL website.