The United Kingdom of Great Britain and Northern Ireland

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For the United Kingdom of Great Britain (England, Scotland, Wales) and Northern Ireland; News, Politics, Economics, Society, Business, Culture, discussion and anything else UK related.

founded 3 years ago
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Instead, the BBC is nonchalantly running articles about how positive it is that the US is trying to start WW3.

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submitted 2 years ago* (last edited 2 years ago) by [email protected] to c/[email protected]
 
 

Tenants in properties owned by private landlords have faced the highest rise in rent since comparable records began seven years ago, official data shows. Rents rose 4% last year as landlords, who face their own squeeze from higher mortgage rates, passed on those costs. Myron Jobson, senior personal finance analyst at Interactive Investor, said: "Higher rents have been accompanied by higher energy bills which continues to squeeze budgets.

"It is a tricky situation if you are looking for a new tenancy. Many renters could decide to remain in existing tenancy agreements with fixed rents, rather than risk a move and spend more on rent." The impact of higher mortgage rates is not only hitting those who are re-mortgaging, but also the prospects of first-time buyers. "We're holding off to see if the rates go down and we're going to rent instead.

"I don't want to just survive, I want to live as well."

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