The campaign group Generation Rent says most buy to let properties are not mortgaged and many landlords are unaffected by current and imminent tax changes - and it threatens that rent rises “will be met with resistance.”
The comment comes following a survey claiming that 42 per cent of renters cannot afford an increase of up to five per cent in their monthly rent, with 16 per cent suggesting even a one per cent rise would be beyond their means.
The same research suggests that home owners with mortgages were less precarious - but even there three per cent claim they could not make ends meet if there was a one per cent rise in their mortgage outgoings.
Dan Wilson Craw of campaign group Generation Rent says rent rises “will be met with resistance.” He claims only a third of privately rented properties are mortgaged so tenants should be prepared to negotiate hard on any attempts to raise rent, and remember that there are many landlords out there who won’t be affected by the tax changes.”
The findings of the research, by YouGov for TheHouseShop website questioned 2,085 adults, of which 1,231 were mortgage holders or renters, have only just been released but the fieldwork was conducted back in June.