Interest rate rise prompts immediate £50 pcm rent hike

Controversial landlord Fergus Wilson has increased rents on all new tenancies in his property portfolio by £50 pcm because of the base rate change announced by the Bank of England.

The change was announced by the BoE’s monetary policy committee last Thursday at noon and, within an hour, Wilson issued a statement saying that new tenancies would be increased £50 per month.

Read the full story at Letting Agent Today

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