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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