Tuesday, 12 January 2016

Serious Rent Arrears Worsening

Cases of tenants seriously behind on rent are rising once more – rising 13.8% between Q2 and Q3 2015, according to the latest Tenant Arrears Tracker by estate agency chains Your Move and Reeds Rains.
·         Those more than two months behind on rent now number 84,200 – the most households since Q2 2013
·         Landlords absorb arrears spike, as evictions maintain improvement, dropping 4.3% on a quarterly basis
·         Landlord’s own finances remain solid, with buy to let mortgage arrears steady at 5,700 as of Q3 2015

There are now 84,200 tenants more than two months behind with paying their rent, as of Q3 2015, compared to 74,000 in the second quarter. Read more on 24dash.

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