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What does it mean for me if the reference interest rate rises?
In the case of existing tenancies, the property owners have the option of increasing the rent.
Whether your rent goes up and by how much depends partly on what the property owner decides to do but also on the reference interest rate your current rent is based on.
Are my ancillary costs set to go up?
Ancillary costs include all of your energy bills. Due to the recent increases in energy prices, ancillary costs are also set to go up by quite a significant amount. Hence, we would recommend setting aside some money or increasing your regular payments to avoid any unpleasant surprises.