Rental Repossession Numbers Set To Jump

The number of rental properties claimed back by landlords after tenants fail to pay their rent is expected to rise this year, official figures suggest.  The latest data from the Ministry of Justice shows that the number of properties taken back by banks, building societies and other home loan providers after owner occupiers fail to pay their mortgages has stabilised at low levels in the last few years. However, an increase in the number of repossession claims and a sudden significant spike in the number of warrants for future repossessions by landlords suggests the instances of tenant eviction could rise by almost 10 percentage points in the coming months. Read more on the Independent website.

http://www.independent.co.uk/money/spend-save/rental-repossession-numbers-set-to-jump-a8210681.html