Rents rose 15 % over the past year to an annual figure of £12,041 – why buy to let is still a good idea
Buy to let is still a great investment opportunity in the UK, over the last six months rents rose 12 per cent to an annual figure of £12,041. According to leading mortgage broker Paragon based in the West Midlands.
The rising rents put further pressure on first-time buyers locked out of the mortgage market by the credit crunch until they can raise sizable deposits, 100% and 125% mortages are a thing of the past.
A third of landlords now report tenant demand is expanding rapidly – the highest level in nearly four years – as first-time buyers delay stepping onto the property ladder.
Do you need help to manage your property portfolio in these challenging times give Denis a call on 0207 740 1770 . Talk to Denis about maximising your property portfolio.
Some 58 per cent of landlords said demand was stable and strong. The regions getting the highest rentals were, in order , London with a high buy-to-let average of £20547,The South West (£15970) and East Anglia(£12 738).
Rising rents have masked the effects of falling house prices for landlords – with yields remaining stable at 6.3 per cent for the third consecutive month.
The average investment opportunity has been 1.5% from February through January of this year, unsurprisingly East Anglia has had the highest jump in Property value YoY of 34% wih rental income up 1.3% YoY to 6.3%.
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Chasedevonshire now has skype online and if you use skype you can call using your skype phone or compatible headset or handset.

