Buy-to-let landlords facing tougher time as rents dip and mortgage costs rise | Mail Online
Landlords are facing a tougher time as rents have dipped and the cost of mortgages has risen.
The average monthly rent in England and Wales was £707 in February, down 1.6 per cent from its peak of £719 in October 2011, according to LSL Property Services, owner of letting agents Your Move and Reeds Rains.
Meanwhile, big players such as Santander and Leeds BS have increased their buy-to-let mortgage rates as the eurozone crisis has pushed up the cost of borrowing.
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