MenuSearch

Landlord News

January 19th 2015
By: Melanie
Landlord News

Information from Spareroom.co.uk – which is a flat and house share website, indicates that over a quarter of landlords are planning to increase rental charges during 2015 by more than 3%.

An additional 13% said they were planning to raise the rent but would be less than 3%.  Buy to let investors are expecting to see costs increase and mortgage increases when the Bank Rate rises in the second half of 2015.

The information is good for landlords but not so great for Generation Rent who are already facing high costs. 

Matt Hutchinson, director of SpareRoom, said: “While the majority of landlords do all they can to hold on to good, reliable tenants, those facing increased mortgage repayments when interest rates rise may have no choice than to cover the extra cost by passing it on to their tenants.

“That could have serious implications for a rental market already reaching crisis point, and there’s no contingency plan.'