Rat and Mouse
Thu
30
Jun
Lettings news: arrears and evictions rising

New research by Templeton LPA (a receiver acting on behalf of lenders whose landlords have defaulted), shows severe tenants' arrears rising (up 13% in the last 12 months, 4% on the previous quarter) and evictions up too (9% in the last 12 months). Interestingly, landlords appear to have, so far, largely absorbed the difficulties, with buy-to-let mortgage arrears down 12% on the year. A spokesman for Templeton expects that to change, though, if landlords continue to push up rents while public sector job losses take effect. More here.

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