UK Politics
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Working in the mortgage industry, part of it is also how lenders assess the income from the property when compared to its value. With interest rates having shot up the last few years (albeit coming back down somewhat recently) the stress calculations mean lenders want ever higher rent to cover the mortgages they have on the properties.
Doesn’t help that your average investor is usually borrowing the max of 75% LTV either, as you said.
Yeah the recent mortgage rises are a perfect example of what will happen, and I think you raise an interesting point that the lenders will put pressure on the land lords as well to increase rents to cover this.
While I don't like small B2L land lords I dislike large companies mass investing in the rental housing market due to the increased power their size gives them. I dont want to see B2L squeezed out for them as that's going to be much worse in the long run.