Rising residential property rents in the UK could increase the amount of arrears that private landlords will experience in 2012, it is claimed. Soaring rents in 2011 have pushed up the number of tenants in severe arrears by 18% annually to the highest level since the third quarter of 2008 and the numbers of court orders to evict tenants are up 11% in the last year as landlords take a tougher stance. Indeed, the number of tenants in severe financial difficulty has climbed in the last quarter of 2011, with nearly 11,400 more tenants over two months in arrears than a year ago, according to … [Read more...]
Housebuilder Persimmon Homes gets £20 million Affordable Rent cash
December 20, 2011 By Leave a Comment
Housebuilder Persimmon has signed the largest private sector developer contract with the Homes and Communities Agency (HCA) to date as part of the Government’s Affordable Homes Programme. It will be allocated more than £20 million to build nearly 2,000 homes across England. Other private developers that have already secured Government cash as part of the programme are Dunelm Accord Homes and Jessup Brothers with £8.6 and £3.6 million respectively. At the beginning of December, house builder Galliford Try was also allocated £17 million. Private developers have been allowed to bid … [Read more...]
Let’s Connect!