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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.
