Almost Half Of Landlords To Raise Rent In 2016

With an uncertain year ahead for buy-to-let landlords, almost half (45%) are planning to raise their rents in 2016, and almost one in five (18%) are planning inflation-busting increases of more than 3%, according to a survey carried out by SpareRoom.co.uk. The most common reason landlords cite (38%) for raising rents is the additional costs incurred by new government legislation, meaning future cuts to mortgage interest and wear and tear tax relief, stamp duty changes and costs of the 2016 Right to Rent roll out will be felt by tenants as well as landlords. Other reasons for rent increases include rents rising locally (23%), expensive property repairs and maintenance (6%) and higher mortgage repayments (4%). Read more on 24dash.