Renters find themselves financially vulnerable

by Daniel Jones

A rise in the number of tenant eviction notices being issued may soon be in the pipeline, as figures reveal that almost three million renters are in a financially vulnerable position.

Statistics from the Consumer Credit Counselling Service (CCCS) show that 2.9 million renters are either in rent arrears or cannot pay their landlords.

Those with a private landlord were found to owe around £18,733 in unsecured debts, while those renting from a housing association or local authority owe £14,239 and £12,612 respectively.

CCCS external affairs director Delroy Corinaldi commented: "The next few years are going to be tough for many people as the economy has shown few signs of improving and those living in rented accommodation will be at the sharp end of this."

He emphasised that unless the situation is resolved, landlords could be drawing up a section 8 notice, therefore leaving their tenants homeless.

Published on: August 15, 2011

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