A charity claims some landlords are using what it calls “excessive” rent rises to effectively evict tenants.

The UK’s private rental market saw a 5% surge in rents in the year to May – with growth now outpacing the previous 12-month period, the Office for National Statistics (ONS) reveals.

The Bank of England’s economic forecasting model has become “unworkable” during the inflation crisis, the Bank’s chief economist has admitted.

Letting agents say that the scrapping of Section 21 evictions, as part of the Renters (Reform) Bill, is a major concern to them.

The cost of a mortgage on a first home is typically around £42 per month cheaper than renting, but the difference has reduced and in some parts of the UK renting may be the less expensive option, analysis suggests.

On the back of the interest rate hike, landlords are calling for the reintroduction of mortgage interest relief in full and for housing benefit rates to be unlocked.

Bank of England raises base rate by 0.5% to 5%, despite worries that a higher rate will damage the property market, the BoE believes getting inflation under control is more important.

Estate agents and sellers are listing properties at far higher prices than what homes are actually selling for, data from Rightmove and BestAgent has revealed.