According to the results of a new survey by SME and landlord insurance provider, Superscript, nine in ten landlords who responded have either already increased rents, or intend to increase rents, due to the Bank of England interest rate rise.
The survey of 600 UK residential landlords showed that 50% of respondents already increased rents on their leased properties following interest rate rises earlier on in the year, with half of these intending to put rent up again. Meanwhile, 40% of respondents said that while they haven’t yet put up rent, they intend to do so if the BoE increases interest rates further.
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