The typical landlord has seen their annual profits halve since the start of the year due to higher mortgage rates, according to new research.
Interest rate hikes are eroding how much profit the average landlord is able to make, according to numbers crunched by estate agent Hamptons.
Following the base rate hike to 1.75 per cent last week, it also said that if the base rate was to reach 2.5 per cent, the average UK landlord could see their profits turn negative.
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