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Increasing the rent is something all landlords will have to do at some point.  Many will choose to wait until their property is empty and will increase the rent for the next tenant.  But what do you do if you have a long-term tenant and you need to raise the rent they are currently paying? 

The Bank of England’s (BoE) Monetary Policy Committee (MPC) determined that they would keep the base rates at 0.5% at their February meeting. This is great news for many landlords who have mortgages that track the base rate. However, the BoE warned that interest rate rises are on the way which should be a warning that if you’ve not yet fixed your mortgage you may want to consider doing it now.