New report suggests half of BTL landlords look to increase rents to offset interest rate hikes

A new survey by Finbri found that if the UK base rate hits the expected 4.5% in 2023:

  • 52.75% of landlords will raise rents to cover additional expenses
  • 45.35% will consider alternative investments
  • 44.66% will sell their investment properties

It also found that:

  • 36% of landlords are unaware of the proposed Renters’ Reform Bill
  • 24% have seen increased demand for their rental properties in the last 12 months
  • 15% think they’ll invest in property in 2023

The report can be seen here.

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