Progress stalls for tenant finances in 2015
- First quarter of 2015 sees number of tenants owing more than two months’ rent up 4% on a year ago
- Currently 70,900 households face severe rent arrears, as of Q1 2015, up from 68,200 cases in Q1 2014
- Since the worst peak in 2012, 45,700 fewer tenants are in serious trouble – but progress has leveled off
Eviction orders increase in turn, with 28,900 facing losing their home, up 2.3% on final quarter of 2014.
Progress for tenants significantly behind on rent has halted at the start of 2015, according to the latest Tenant Arrears Tracker by estate agency chain Your Move, part of LSL Property Services PLC.
As of Q1 2015 there are now 70,900 tenants facing more than two months of unpaid rent. This is 1,500 more households than in the previous quarter, when 69,400 tenants were over two months behind on rent, or a quarterly increase of 2.2%. Since the same point last year the number of tenancies in such a position has grown by 4.0%, with 2,700 additional households falling into this most serious category of late rent.