With mortgage rates up four times in the last nine months

With mortgage rates up four times in the last nine months - is it time to put up your rents?

With mortgage rates up four times in the last nine months - is it time to put up your rents?
22nd June 2007

By Tony Booth

The increases in mortgage repayments over the last year have had at least one positive effect for those investing in the private rented sector.

Many tenants are staying in properties much longer, because they have either been completely priced out of buying or have decided to wait for interest rates to fall back to their pre-2006 level.

This has caused the volume of tenants looking for rented properties to rise to unprecedented levels and figures show that demand is now outstripping supply in many areas of the country.

Rent levels on the up

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