31 July 2014

UK tenant arrears topped £250m in May, according to the country's largest lettings agent.

LSL, whose estate agency groups trade under the Your Move and Reeds Rains banners, analysed figures from 18,000 rental properties it handles around the UK, and then inferred total national figures from these, based on market share.

The resulting analysis shows that 560,000 tenants were in arrears - the equivalent of 11.6% of all rents due - and the first steps towards eviction were taken against 133,000 tenants in May.

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