LETTING & ESTATE AGENT

We are pleased to announce that following the government’s guidance on moving home during the coronavirus pandemic, our branches in England have now re-opened for pre-booked appointments, and our branches in Scotland in Wales will start re-opening their doors over the coming days. Health and safety remains our main priority, and in line with government’s advice, a number of strict measures have been put in place to protect our staff and customers. Visit our branch page to find contact details for your local office.

Tenants in arrears drops

Tenants in arrears drops

Tenants who are more than 2 months in arrears has dropped to its lowest point in two years. Tenants in severe arrears has dropped by 25% in Q3 this year. This represents a drop of 23,000 tenants in severe arrears. The figure now stands at 69,000 tenants who have more than 2 months of rent arrears. 

 

As a whole, tenants who are in severe rent arrears represent 1.7% of all tenancies in England and Wales, this is a 0.7% drop from Q2 this year. 

 

Although at Martin and Co Southampton City we do an in-depth analysis of prospective tenants finances before they are eligible for a tenancy with us, it cannot foresee job losses at a later date or other financial issues  which may result in tenants falling into arrears. However, we offer all our landlords a rent guarantee service to protect your income should your tenant default on their rent. For more information on our rent guarantee service .

 

If you would like more information on the rental property market in Southampton, then give Martin and Co Southampton City a call on 02380 988881. We'll be happy to have a no obligation chat about your needs and expectations as a landlord or tenant.