Tenant evictions up by 10%

The number of landlords trying to evict tenants through the courts has risen over the last twelve months.

This is according to new figures from LSL Property Services, which found that the number of court orders for possession is 5.9 per cent higher than during the final quarter of 2013, and 10 per cent up on this time last year.

The increase comes despite the number of tenants in severe rental arrears falling.

The number of tenants facing arrears of more than two months has fallen by 35,000 over the past twelve months, according to LSL – but some 67,000 remain in serious arrears.

The survey suggests that overall tenant arrears now stand at 7 per cent.

Paul Jardine, director and receiver at Templeton LPA, said: “Some households succumbed to the wave of unemployment that followed the 2008 crisis, and as the broader monthly squeeze tightened its grip. For a time – though still for only a small minority of tenants – there was a significant rise in rental arrears. But now as the jobs market gradually comes back to life, the effect on the most hard-pressed of households is clear to be seen.

“While wages are yet to pick up significantly, those in the most serious financial problems often face a lack of any earnings at all. So as the risk of unemployment retreats this year, those with serious problems paying their rent – and most at risk of losing their homes – are benefiting the most.”

Are you worried about your tenants’ ability to pay the rent? Read our guide on spotting tenants in financial difficulty.

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