Buy to Let index

November 2016 -
Rents in England and Wales hit second highest peak ever recorded by Your Move

Arrears levels drop in October

  • Tenant finances improved compared to the previous month with a lower proportion of renters in arrears, Your Move found. Some 9.3% of all tenancies had arrears of a day or more in October, well below the 11.7% recorded in the previous survey.

  • In addition to this positive monthly result, the long term trends continue to be encouraging. The proportion of tenants in arrears remain 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 22,686 in October 2016. This is below the 36,502 cases recorded in the previous month.

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