Landlords enjoy seasonal cheer as number of tenants in severe arrears drops

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Published by Max Salsbury for 24dash.com in Housing and also in Communities, Finance

The number of tenants in severe arrears fell by 15.6% in the final quarter of 2012, according to the latest Tenant Arrears Tracker by Templeton LPA. It was the first time the figure had fallen in over a year on a quarterly basis, with the previous four quarters seeing a rise of 10.8% each on average. Q4 saw the amount of tenants in severe arrears fall by 16,000 to 86,000 - the lowest level since the final quarter of 2011. The drop slowed 2012's growth in the number of tenants in severe arrears to 0....

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