Surge in tenants in severe arrears

The number of tenants falling into severe arrears has seen a sharp increase in 2013 as more people struggle to cope, a major lettings network has warned.

LSL Property Services estimates that around 4,000 more private sector tenants slipped into severe arrears - meaning they were more than two months behind with their rent - in the first quarter of this year.%VIRTUAL-SkimlinksPromo%