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Tuesday, November 11, 2014

Rent arrears fall say LSL

The latest LSL property services data on rent arrears shows a drop in those tenants severely behind on rent.
This comes as a surprise to me, I thought with QE and downward pressure on wages, households would be tiptoeing the tight rope of financial ruin - apparently not.
  • In the past year the number of tenants severely behind on rental payments has fallen by 9%.
  • 98.6% of private sector tenants are not in significant rent arrears 
  • Court order evictions have dropped 16% in latest quarter 
  • The number of UK households two months behind on rent or more is now  65,200  compared to 71,700 in Q3 2013. 

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