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'troubled' Tenants Fall Behind With Rent

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http://www.telegraph.co.uk/finance/personalfinance/houseprices/10161621/Troubled-tenants-fall-behind-with-rent.html

This takes the total number of tenants thought to be in severe arrears to around 98,000, representing 2.4pc of tenancies in England and Wales.

LSL Property Services, which also owns the YourMove estate agency chain, based its projections on the thousands of properties it manages accross the country.

It fears the number of tenants in serious debt will "mushroom" further amid growing living costs.

Recent research from Shelter found that some tenants were resorting to "drastic" measures like taking out payday loans to pay their rent.

It would be interesting to know how many of those in arrears have put the landlords into arrears with the mortgage.

Still you can't go wrong with BTL it's a one way money making machine enriching the nation and making us all wealthy.

Although this problem is not down to the high cost of living in the UK triggered by malinvestment in property and certainly nothing to do with high rents.

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I don't like their use of language, I read that as problem tenants. It isn't.

"A troubled minority is feeling the pinch most sharply. There is a growing block of tenants who can't keep their heads above the rising tide of inflation and weak wage growth. Until the rising cost of living begins to subside, the number of tenants in severe arrears is likely to mushroom even further."

This is what we've been saying on here for a few years about biflation. Low wage inflation taking away purchase power whilst the cost of essentials continues to inflate up.

It means long term austerity and it's started.

Still, the solution is there for us, MORE DEBT:

There are signs that pressure could be taken off the rental sector however, as a report from the Bank of England yesterday said that lenders were planning to make mortgage deals more widely available in the coming months, and their appetite for lending to home buyers with smaller deposits was returning.

Um... <whispers> lower prices.

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Still, the solution is there for us, MORE DEBT:

Um... <whispers> lower prices.

I think the solution in the short term will be more housing benefit for the rentier class. Gotta keep that GDP figure above stall speed!

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I don't like their use of language, I read that as problem tenants. It isn't.

Can't say I read it like that. 'Troubled' doesn't mean the same as 'troublesome'.

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  • 243 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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