After the Bank of England raised interest rates to a 15-year high of five percent this week, it is not just mortgage holders who are bearing the brunt. Many tenants across the country have now been left fearing their rents will rise drastically as landlords are faced with increased costs.
Finn Jaradd, 41, who lives in Manchester city centre, says he is one of the lucky renters who is not being affected by rising rents. The tenant, who pays £825 a month for his one-bed flat, says his landlord has agreed they won't be increasing his rent - and that the price he pays hasn't changed at all in the three and a half years he has lived there.
It is because of his 'exceptional' landlord, as well as the location of his flat, that Finn has "no desire" to ever own a property. Finn spoke to the Manchester Evening News as part of our Where I Live series, where each week we chat to tenants and homeowners about their journey, the costs involved and see how they've made their home their own.
