Tenants across the UK could be in for a sharp increase in rental costs this year, according to analysis by Barrows and Forrester.
The findings indicate that landlords, facing rising buy-to-let mortgage costs, may have little choice but to raise rents to cover the increased expenses.
Barrows and Forrester analysed the average monthly cost of a buy-to-let mortgage in December 2021, when interest rates began to climb. It based its calculations on a two-year fixed product at a rate of 2.9% on the average house price of £268,115 at that time.