麻豆约拍

We鈥檝e been hearing a lot about how interest rates increasing have impacted those with mortgages, but how does this affect the nation's renters?

Interest rates are widely expected to rise again this week, pushing up borrowing costs. That means some landlords are putting up rent while others are selling up entirely, which in some areas is leading to reduced supply of homes to let.

Average rents for new lets was up 10.4% in a year, data from property portal Zoopla shows.

More than 28% of pre-tax earnings are typically going towards rents in the UK, it said. If a first-time buyer had a mortgage on the same property, that would take up 26% of pay.

Sean Farrington hears from people in Manchester who are struggling with rising rents and hear analysis and advice from experts.