Signs of evictions and tenants’ arrears
It has been reported that the number of tenant evictions in England and Wales has dropped by 11% - a good sign of falling tenant arrears?
According to easyroomate.co.uk, the number of tenant evictions has dropped by 11% in England and Wales. The peak period of tenant evictions was recorded in the twelve months to the third quarter in 2008 at 56,700 - while the figure has fallen hugely by 6,000 to 50,700 over the same period in 2009.
Yet, the decrease in evictions does not necessary mean dropping in tenants’ arrears. Landlord Assist suggested that landlords are still facing growing arrears. A survey by a landlord association revealed that 45% of landlords are still experiencing tenants who fail to pay their rent.
Managing Director of Landlord Assist, Graham Kinnear, said: “We are baffled by these latest figures as it is our firm understanding that the level of evictions has risen. Our caseload increased significantly throughout 2009 and we struggle to believe this is purely as a result of our increased market share in the sector.”
“Furthermore there is also evidence that rental arrears have actually been growing in the UK with nearly 45% of landlords having struggled to get payments from their tenants.”
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