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Rent Increase-Wales (Advice Needed)

Someone I know recently went to try and get a remortgage to get a second property for a family member and was told that the rent would have to be hiked up to cover it due to current rates and, so the rent they expected was a couple of hundred over what the mortgage repayments would be
I assume that would be to do with the instability of interest rates at the moment?
 
Glad to hear they're willing to negotiate. 300 quid increase a month is a frightening rise. Its shocking how much rent has increased since the pandemic. I was renting a 3 bedroom for £600pm just before the plague and now you're lucky to get a 1bed or studio for that.
 
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