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‘My rent went up £500 a month after mini-Budget’: Renters despair as landlords hike rates

Renters have been hit with enormous rent rises since the Government’s mini-Budget last month, with some landlords blaming soaring mortgage costs for charging tenants more.

Lucy Orr, 50, was told on Thursday that the rent for her studio flat in Deptford, south-east London, would increase by 44 per cent from £1,150 to £1,650 a month.

Her letting agent informed her that the rent rise was due to the “current market value of the apartment”.

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