Has Buy-To-Let brightened up?

The buy-to-let market has continued to develop throughout 2011 with a number of interesting trends, according to NLA Mortgages:

Number of buy-to-let products have increased
Average loan size continues to rise
Tracker products are favoured
Average rates have dropped
Highest rental yields are for students and terraced houses

Average rates have fallen during the second quarter of this year, which reflects the opinion in the City that any rise in the Bank of England Base Rate is not likely to happen until later this year, at the earliest.

Rental demands remain high in many parts of the country, which has increased rental income helping to deliver improved rental yields for landlords. The highest rental yields have been for students and terraced housing.

An increase in rents has enabled landlords to obtain higher loan-to-value (LTV) mortgages and finance for Houses in Multiple Occupation (HMOs).

As UK Plc remains fragile, the buy-to-let mortgage market has stabilised and there are some great deals currently available.

News by category

Has Buy-To-Let brightened up?