The cost of living in the UK has gone up once again, leading to landlord insurance customers across the nation seeing the charges faced within their home headed upwards once more.

While this will be a problem which largely affects tenants more than the owners of properties themselves, there are a large number of landlords for whom the rent they bring in includes a deal where they pay for the household bills for a fixed rate from tenants.

For obvious reasons, this means that any rise in gas, electricity and water charges will be problematic for the average buy-to-let operative, with these meaning a fall in their level of profit moving forward.

According to the latest data released by Halifax, the price of gas and electricity bills has rocketed by some 4.2 per cent in the past 12 months, while the average UK household has seen the cost of its water rise by 5.6 per cent in the same period.

This leaves landlords who pay for tenants' utilities with the problem of trying to reduce their outgoings in order to make sure they are not adversely affected in terms of their yield level.

The best ways to do this can be through price comparison sites. Looking at these types of web pages can mean that owners find the tariff that suits their property and the tenants in there best, reducing the money they spend from month-to-month and meaning that they keep a level of profit they are used to bringing in.

Another option to look at can be to transfer the responsibility back to the tenant instead of taking it on. This option can mean a lower amount of rent coming in, but you can offset this by not having the variable rate of gas charges heading out of the bank account each month.

The final opportunity can be making the home more efficient. Try using double-glazed windows or draught excluders, as these two options will reduce dependency on gas central heating and help to keep bills to a minimum.