Thursday, 16 January 2014

PRS Tenants In Severe Arrears Up While Landlords Mortgage Arrears Down

The number of households in England and Wales that owe more than two months’ rent rose by 3.4 per cent to 67,000 in the fourth quarter of 2013. The Tenant Arrears Tracker by LSL Property Services found there was a 2,000 increase from the third to the fourth quarter, up from 65,000. It also found the number of tenants facing eviction notices was up by 11 per cent from the third quarter in 2013 - 30,807 compared with 27,784.However, landlords’ mortgage arrears have dropped for the fourth quarter in a row, ‘continuing a long-term improvement’. Read more on Inside Housing.

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