Property tycoon who refuses to house single mothers raises rents by up to 10% immediately after bank rate rise

Landlord Fergus Wilson hikes rent within minutes of interest rate rise

The 69-year-old, one of the UK’s biggest buy-to-let landlords, said in a statement: “Following the interest rate rise I have increased rents in all our properties by £50 per month.

“It is merely passing onto the tenant the additional mortgage charge.

“This increase starts immediately.”

When asked how many homes would be affected he said: “About 400.”

The Bank of England revealed at midday it had voted to boost interest rates to their highest level for more than nine years, from 0.5% to 0.75%.

Within an hour – at 12.50pm – Mr Wilson released a statement to media organisations detailing plans for his rent hike. …

… It comes after Mr Wilson, who runs a portfolio of Kent homes with wife Judith, came under scrutiny for declaring he was evicting mothers last month.”

http://www.kentonline.co.uk/ashford/news/property-tycoon-hikes-rent-within-hour-of-interest-rate-rise-187330/