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Buy to Let index

August 2016 - No sign of post-Brexit slowdown in rental market

Arrears

  • Tenant finances rose slightly in the month of July. Across England and Wales some 9.01% of tenancies had arrears of a day or more. This is faintly higher than the 8.43% recorded in June, but lower than 9.3% in May.

  • However, looking at the longer-term, the proportion of tenants in arrears remains well below the all-time high of 14.6% recorded in February 2010.

  • On an absolute basis, the number of households in serious arrears – defined as two months or more – was 36,314 in July 2016. This compares with 36,207 cases in the previous month.