Renters have been feeling the pain of rising mortgage rates as landlords across the country continue to attempt to recoup their costs by increasing rents, according to analysts and campaigners luciemheath reports
as landlords across the country continue to attempt to recoup their costs by increasing rents, according to analysts and campaigners.on a newly let home in Great Britain was up 9.1 per cent in May compared to last year.
An average two-year fix for a BTL landlord sat at 3.59 per cent last June, according to the data analytics firm MoneyFacts, with the average rate now at 6.1 per cent. He said while some landlords will “suddenly be made unprofitable” because of rising rates, he didn’t “think that’s going to be a huge number”.
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