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Tenants in rent arrears leading to huge increase in repossessions

 30th December 2014

Tenants in rent arrears leading to huge increase in repossessions

Our property buying company are specialists in buying property with sitting tenants, even where there are rent arrears or no rent being received.

We purchase many properties from Landlords whom have problem tenants for numerous reasons. These reasons include; rent arrears, sitting tenants, lack of care, and respect for the property, anti-social behaviour, and moving people in to property whom are not on the tenancy agreement such as partners and other family members.

These issues all equally cause frustration and stress for landlords and may instigate the desire to sell a property with sitting tenants.

Open Property Group purchase vacant and let property throughout England and Wales, regardless of the type of tenancy or problem. We can even buy property with tenants whom have rent arrears.

More than 41,000 rented properties were repossessed in the past year, according to statistics from the ministry of justice.

The analysis showed that evictions soared by 50 per cent since 2010, with an estimated 90,000 tenants losing their homes in the past year due to repossession from rent arrears.

Rent arrears are one of the most common reasons for landlord eviction, although leading charities including Shelter, said that "revenge" evictions, where a tenant loses their home after complaining about it, have risen in recent years.

Housing ministers have commented that rising housing costs, low pay and unemployment have made it more and more difficult for people to stay in their homes.

If you are a Landlord and wish to sell a house or flat with sitting tenants, then please contact Open Property Group for a fast, free and no obligation cash offer for your property.

Info@open.co.uk

T: 08009903939

https://www.openpropertygroup.com/how-it-works/problem-property/

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