Northern England 'brings best rental yields'

For any landlord anxious about achieving the best returns from their buy-to-let investment at the same time as minimising the hassle associated with deposits by taking out a no deposit renters insurance policy, new research from BM Solutions will make very interesting reading. The specialist buy-to-let lender's latest quarterly index indicates that UK landlords can enjoy the greatest rental yields from properties in the North of England.

Average rental yields of 6.4 per cent were recorded for the North West, North East and the West Midlands, these three regions only narrowly shading the East Midlands, which saw 6.3 per cent returns, followed by Scotland, with 6.2 per cent. 6 per cent yields were seen in Wales and the South West, dropping to 5.9 per cent in the South East and outer London. The East of England and Yorkshire and Humber delivered 5.7 per cent, leaving central London to prop up the list with 5.5 per cent.

Student property investors The Mistoria Group suggested that much of the revived interest in the UK's northern regions could be attributed to the BBC's relocation to Salford, with no other towns in Britain seeing such fast rises in their property values since the start of 2014 as Salford and Liverpool.

Mish Liyanage, managing director of The Mistoria Group, commented: "The North West offers buy to let landlords a multitude of affordable properties that will give net returns of up to 10 per cent. For example, an investor can buy a HMO student let property close to a university that has been fully refurbished and furnished, and that is already tenanted for the coming year, for less than £150,000. This will give investors annual net returns of 9 per cent."

Liyanage added that with the right choice of property and agent, landlords "can sit back and after years of working for their money, can finally see their money working for them."

His view was backed by a recent buyer of two investment properties through The Mistoria Group, retiree Joy Townley from Calne in Wiltshire. Describing the North West as "a growing market" for landlords, she added that "The numbers just added up and I am enjoying a consistent income stream. I'll be keeping hold of the properties for the long term."

Contact Advanced Rent now about how you can attract the broadest possible range of tenants with a no deposit renters insurance policy from us, allowing you to make the most of the advantageous northern England rental yields.  

Editor’s Note: Advanced Rent (http://www.advancedrent.co.uk) is represented by the search engine advertising and digital marketing specialists Jumping Spider Media. Email: info@jumpingspidermedia.co.uk or call: +44 (0)20 3070 1959 / +34 952 783 637.