The website MyMoney24.co.uk is featuring the news that there are nearly 79,000 tenants in England and Wales at least two months in arrears with their rent. This may be worrying for those landlord insurance clients who depend on rents to meet mortgage repayments.
The position has got a lot worse since this time last year and the number in arrears is now the highest level since the third quarter of 2008.
The report was compiled by Templetons LPA, chartered surveyors. They believe the position will get even worse as we go through 2012 and will mean more people facing eviction.