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Helpland Comment on Tenant Rent Arrears Numbers |
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Tenant Eviction Service Providers Helpland react to news of increased numbers of rent arrears. |
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\25 Press Releases\
August 06, 2011 - Concerns have been raised within the UK rental property sector over a national spike in rent arrears of over 11%. Research from receivers Templeton LPA has shown hat serious cases of rental arrears were up by 13% during the second quarter of this year when compared to figures from 2010. Tenant eviction also increased by 9% during the same quarter.
By January this year, the national media were reporting that arrears had surged over the Christmas period, standing at 11.7 %, up from 9.7% the previous month. UK landlords were collectively owed £276 million during December 2010. By April, the percentage had climbed to 11.8%, with a total of £284 million owed throughout the country. In May, the National Landlords Association issued a rent arrears warning, following research into the level of arrears during the previous year. Over half of those responding to their researchers had experienced arrears. On average, the amount owed per individual tenant stood at £730. The rise in tenant eviction could be further sustained for a number of reasons. Chairman David Salusbury warned that housing benefit cuts could exacerbate the problem, noting that some respondents had received no rent at all during the last year. He further warned landlords that prolonged rental arrears could...
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