An Attachment of earnings order is a process by which money will be taken from a defendant's wages to pay a debt and is only worthwhile if the defendant is in paid employment.
This is one of the reasons why you should have the tenant's bank account number and sort code before the start of any tenancy.(The Tenancy application)
The two points below must be relevant before you can ask the court to issue an attachment of earnings order:
The court will then issue and send an Attachment of Earnings order directly to the tenant’s employer. The order will tell the employer that they must take a certain amount from the tenant’s earnings each pay day and send it to a collection office. Once the money has ben received at the office it will then be sent to you.
Fill in Court Form N337 and send it off to the Court with the appropriate fee
The court will issue an attachment of earnings application 5 to 10 working days after receiving your application
The court will either tell the tenant to pay all of the money owed or complete a ‘statement of means’
The order will be sent to the tenant’s employer
The money will be collected from the employer either monthly or weekly (depending on how often the tenant is paid) and will be sent to you
Auctions are becoming the norm for BTL investment