Are banks behind your latest rent rise?
This morning, Mortgage Strategy magazine and the Daily Telegraph reported that Santander is requiring its buy-to-let borrowers to raise the rent on their tenants as high as possible.
The bank even demands that landlords get a valuation of the market rent every time the tenancy is up for renewal and then “take all steps to ensure that the review [with the tenant] takes place and leads to the maximum increase in the rent which can reasonably be achieved.”