Rise in Rental Arrears is Cause for Concern
News Release
11th July 2011Following the results of a recent survey showing a sharp rise in tenant evictions and arrears Lighthouse Property Services in Lincoln is advising landlords to protect themselves and their investment.
The research by Templeton LPA, which acts as a receiver of rents for lenders whose landlords have defaulted, reveals the number of tenants in England and Wales in severe rental arrears rose 13% year on year in Q2 to 74,492, while evictions increased 9% over the same period.
Residential lettings agent Lighthouse Property