The GOV.UK website recently published claims, possession and eviction statistics for previous years. Our expert partner's HomeLet reviewed this data comparing 2021 vs 2022.
The overview is as follows:
Possession claims +107% - 78,706 in 2022 compared to 38,011 in 2021.
Possession orders +152% - 58,804 in 2022 compared to 23,321 in 2021.
Eviction warrants +110% - 31,767 in 2022 compared to 15,122 in 2021.
With rents and claims at an all-time high, many of our landlords are opting to switch from our managed services and fully secure their investment by having Beal's pay their rent.
Beal's Gold and Silver services are a unique solution to rent guarantee which avoids the need for third-party insurance claims and the worry of having to outlay legal fees to evict a tenant. You'll find comfort knowing your rent will always be paid on time, even if the tenant is unable to pay. One less thing to worry about this year.