Buy to let mortgage survey reveals rental return is highest in the North.
A recent buy to let mortgage survey by Paragon has revealed that investor landlords in the North of England can expect the highest rental returns.
Paragon are a specialist buy to let mortgage provider who have been lending to landlords since the mid 1990s. Its latest study of the UK rental market reveals that investment landlords in the north west of England currently earn the highest average rental yield.
Rental yield is defined as a property's annual rental income divided by its current value, which is then expressed as a percentage.
For landlords looking to expand their property portfolio rental yield is a vital indicator of profitability.
UK wide the average rental yield was 6.2% in Q1 of this year which is an increase of 0.3% on Q4 2011, proof that higher rents are improving returns.
Buy to let is one of the few areas of the property market which is continuing to grow. When some lenders are pulling back on the residential mortgages they are choosing to invest more heavily in the buy to let mortgage market.
Competitive rates remain on offer for investment landlords. If you are looking to invest in property Deal Direct can help you source a cheap rate. We are a 'whole of market' broker which means we are not restricted to any particular lender.
Contact one of our skilled advisers today, once we have reviewed your circumstances we can search the market for the most competitive buy to let mortgage deals on offer.
Call Deal Direct for a mortgage quote today.
