North England 'has high buy-to-let yields'

News Category: Marketing

Landlords looking to purchase property that will bring them a high return on their investment may want to consider housing in the north of England.

According to Tanya Powley of FT Money, Burnley has the highest margins in the country, with buy-to-let abodes offering yields of 7.6 per cent.

She noted that a lot of the best returns can be found in the north, with lower house prices cited as the main reason why.

Elsewhere, average yields in London were reported as about 5.1 per cent, while the south-west is 3.8 per cent and Wales is around 4.4 per cent.

Ms Powley commented on the recent 80 per cent loans being offered by some mortgage lenders, claiming uptake is likely to be limited.

"Not many landlords will be able to achieve high enough yield to have access to that 80 per cent borrowing," she stated.

Editor and founder at LandlordZONE.co.uk Tom Entwistle recently advised landlords to ensure they enlist support of experts when entering the letting market for the first tome.

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