Buy to Let index

September 2016 - Student check-ins drive up rents in England and Wales

Arrears levels increase in August

  • Tenant finances deteriorated slightly month-on-month as the proportion of renters in arrears grew. Some 9.8% of all tenancies had arrears of a day or more in August, above the 9% recorded a month earlier.

  • 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 34,473 in August 2016. This is below the 36,314 cases recorded in the previous month.
  • The methodology used to calculate figures in this report has been recently revised. This survey is now created and reviewed in partnership with Cebr and is based on analysis of approximately 20,000 properties across England and Wales.