There’s been a flurry of news articles in recent months about rising rents, but what is the real story behind the headlines? Here are three reasons why rents are going up.

  • Mortgage rates 

As with residential mortgages, rising interest rates have also made buy-to-let mortgages more expensive. If rents are rising, it may reflect a landlord’s increased mortgage costs.

  • Changes to tax rules 

Without getting into the nitty gritty of UK tax law, many changes have been introduced in the past few years that impact landlords. These changes have not only caused many landlords to sell their rental properties but may also have forced rent increases to meet financial obligations.

  • Increased costs of repairs 

Landlords often pay for the upkeep of their properties through their rental income, so the general increase in the cost of labour, materials, fixtures and furnishings could be affecting the rent they charge.

If you’re looking for a new home to rent or have a property you’d like to let out, contact us today.

Claim Your FREE Copy Of Our eGuide 'The 10 Secrets To Getting A Successful & Fast Sale'

Simple pop you first name and email in the boxes below and we'll send your copy straight away.

Thank You For Your Submission - Your Download Is On The Way By Email