Latest research proves that some arrears across the UK show a sharp increase; this information appears as a surprise to our clienteles.
The current research has revealed a sudden increase in rental arrears around UK over the last months. According to the data, leasing arrears made up 8.7 percent of every lease payable in June up from 7.6 percent in the month of May and 7.8 percent last year.
This certainly come as a revelation to the clients who see arrears stay constantly around 1.5 percent of amount of properties and 0.5 percent of lease collected; some of the lowest records in the market.
Such low records of rental arrears are accomplished by matching excellent landlords with dependable tenants.
For the first time ever since July of 2013, rents are increasing more rapidly than house prices on a yearly basis, though this likely to be because of tenants committing into long term leases or moving to new properties following the election outcome, which offered more assurance for the property market more willingly than the long-term trend.
These low rental arrears imply that both the tenants and landlords are satisfied with the high-class properties offered to them, as well as the level of service provided to the customers.