With the buy to let market ‘booming’ it’s not a question of whether to invest, it’s where. According to the Council of Mortgage Lenders, buy-to-let lending has boomed over the last year, with the number of loans in March up 56% on the year before.
Specialist lender, Mortgages for Business, also claim that over 60% of landlords are planning to expand their portfolios.
So where should you invest your hard earned money?
According to LSL, gross yields on a typical rental property have held steady at 5.1% in April, the same as in March. Although these are not bad returns when compared with the rather depressing offerings from most banks. The Yorkshire property market, however, is smashing that national figure out of the park with gross yields of over 9% readily available if you know where you’re looking…
Which is where we come in… we are currently ‘cherry picking’ properties for our investors who are looking to expand their portfolios with gross returns ranging from 9-14%!
So if you are fed up with your savings achieving next to nothing in the bank give our investment team a call on 0113 244 0251 – there has never been a better time to invest in the (Yorkshire!) property market.
(Source: Property Industry Eye)