Monday, Sep 28, 2015

Some small relief for tenants?

Moneyweek: Rent arrears: one more thing for buy-to-let investors to worry about

The minimum debt required for Bankruptcy proceedings is going up from £750 to £5000 - "a good six months’ rent for many of the UK’s landlords" Below this and they have to use County Court proceedings instead, which is much more expensive and takes longer.
I wonder how many rogue landlords would pursue arrears if it would mean an opportunity for the tenant to point out some breach of contracts to a judge? I certainly wish that I'd stiffed our landlord when we moved - we ended up getting £75 from the Ombudsman but I reckon they would have probably written off a month's rent rather than have to explain themselves to a proper court...

Posted by mombers @ 01:54 PM (4846 views)
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1. libertas said...

Does anybody have a chart of rent arrears charted alongside repossessions?

I suspect the two could diverge.

Monday, September 28, 2015 03:04PM Report Comment

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