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Interest rate cuts `were not anticipated by consumers` Nearly half of young mortgage holders `need help from family` Abbey cuts mortgage rates New arrears guidance issued by CML Mortgage fraud `on the up` CML expresses concerns over sale and lease back schemes Business groups call for further rate cuts Interest rate cut `will help some struggling borrowers` Mortgage approvals `hit by continued market uncertainty` Company reduces rate of home loans Mortgage rates `to rise` Consumers `will be hit by reduced credit` `Nearly £20k` needed to secure a mortgage Borrowers urged to take advantage of good mortgage deals Mortgage lending falls in August Variable-rate mortgages `increasingly appealing to homeowners` Parents `relying on loans to cover school fees` Further mortgage rate cuts announced Remortgaging `on the rise` Mortgage lenders call for swap plan renewal

Increasing rents `could mean debt for tenants`

18/05/2007

New figures revealing that buy-to-let landlords are continuing to raise rents could lead to debt problems for affected tenants.

Average rents on buy-to-let properties have risen 6.5 per cent between January and March of this year, according to mortgage provider Paragon.

Rents increased from £9,942 in the first month of the year to £10,591 last month, the study indicates.

Nigel Terrington, Paragon`s chief executive, said that landlords are taking advantage of demand to raise rents.

"With demand for rented accommodation as strong as ever, landlords are able to increase rents on existing tenancies when they are renewed and apply a higher rent to new tenants than they would have charged previously," he said.

In related property news, Standard & Poor`s recently revealed that the number of sub-prime mortgage borrowers in arrears increased from 17 to 23 per cent during 2006.

Many debts unaffected by base rate cut 09/01/2009 - Yesterday, many borrowers welcomed the Bank of England’s base rate 1.5% base rate – an historic low 08/01/2009 - Today’s base rate cut by the Bank of England’s Monetary Gas price cuts expected 07/01/2009 - Energy company Scottish Power has announced the launch of a Personal debt about £1.5 trillion 07/01/2009 - The UK’s personal debt stands at around £1.5 trillion, according