It is a great time to allow Keywest to help you find your next investment property to buy or help you to make the most of your existing rental properties, as new data reveals a very positive climate for Leicester landlords.

Some of the latest industry figures to be released show that tenants are currently less likely to build up serious arrears, and landlords are benefiting as a result of their own buoyant financial positions and those of their tenants.

A newly released Tenant Arrears Tracker shows that the number of tenants moving from a state of serious rent arrears saw an improvement of 1.5 per cent at the end of 2015 in comparison to the third quarter of the year.

In Britain overall, there were 1.6 per cent of the tenancies within the private rented sector classed as in serious rent arrears, compared to the 2.9 per cent experienced at the start of 2008. In the final quarter of 2015, the data suggests that there were just 82,900 households in the whole of Britain with rental debts of over two months. This compared to 84,200 in the previous quarter and marks a huge drop from the 116,600 cases seen in 2012’s third quarter.

The figures show that individual tenants seem extremely unlikely to get into serious arrears, and the prospects for the future look even brighter as a result of greater financial buoyancy.

The tracker also reveals that eviction rates fell in correlation with healthier tenant finances, whilst the finances of landlords were the healthiest ever recorded. The last three months of last year saw just 5,500 cases of arrears on buy-to-let mortgages. This was a fall of 3.5 per cent on the quarter before and a continuation of a downward trajectory which only stalled briefly with unchanged figures in the middle of 2015.

In terms of annual figures, the improvement in landlords’ finances is even easier to see. The cases of buy-to-let mortgage arrears fell by more than half (54 per cent) from the 11,900 cases seen at the end of 2014.

The figures are being heralded as further proof of the success of the private rented sector in Britain and its current vitality and future growth potential. British landlords are adding new properties to the market each month, offering a greater choice for tenants who have the financial security to maintain rent payments to the satisfaction of all parties.

If you want to find out more about the huge potential on offer from Leicester’s private rental sector and how Keywest can help you tap into the huge opportunities available, give us a call today 01162 544 555.