X
X
Where did you hear about us?
The monthly magazine providing news analysis and professional research for the discerning private investor/landlord

Renters facing more possession orders

There are an increasing number of tenants who are struggling to keep up with paying their rent each month according to data from The Money Charity.

Over the last few months there has been a significant increase in landlords issuing claims against their tenants in the county courts of England and Wales with 488 landlord possession claims issued and 340 landlord possession orders made every day, compared to 431 landlord possession claims issued and 319 landlord possession orders made in October 2013.

Michelle Highman, CEO of The Money Charity said: “We know that many people feel trapped in the rental sector, unable to save the deposit required to purchase their own home. This is in part due to the high level of rents they are forced to pay. That increasing numbers are unable to even sustain their rental payments is particularly worrying.”

The number of orders for possession, both outright and suspended, is also increasing with nearly 70% of claims resulting in some form of order.

If you want to read more news subscribe

subscribe