Covid-19 Bounce Back loans for property businesses16:06 PM, 5th May 2020
About 3 weeks ago 46
I have just read the latest survey about rent rises.
We have several properties, but one, a townhouse, is coming up for review. In light of the latest RPI, and CPI which this month are aprox 2.7% and 3.3% respectively I am considering a rent increase.
I was thinking of using these figures as a guide for a natural increase, which in effect is no increase. The rent is currently £860.00 per 4 weeks, and the tenants get most of this in Housing Benefit. I was thinking of raising it to £895.00 as the general costs have risen, and because they are in receipt of benefits the insurance is 50% higher than normal.
What does everyone think and do you have any advice?
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