You are here: Home - News -

Landlords search for yield outside of London and South East – TML

by:
  • 24/07/2018
  • 0
Landlords search for yield outside of London and South East – TML
Landlords are focusing on high yield properties outside of London and the South, according to a report complied by The Mortgage Lender.

 

Buy-to-let investors are turning to cheaper properties in an effort to boost returns and this trend is set to continue in the coming months, report author and economist Martin Ellis said.

He also predicted house price growth will slow to 2-3% by the end of 2018.

Interest rates are set to rise by a quarter of a point in the next few months, Ellis forecast.

The report noted that the private rented sector has significantly grown in recent years, with one in five households in England now renting privately.

However, the number of buy-to-let mortgages for purchase has fallen since the introduction of additional stamp duty in 2016.

 

Flexible and competitive market

The Mortgage Lender deputy chief executive Peter Beaumont (pictured) said: “Our special report on the buy to let market looks at the macro and micro economic environment for buy to let investors and the factors that are likely to influence landlords’ investment choices over the coming years.

“It also highlights the need for a flexible and competitive buy to let mortgage market to facilitate continuing investment in a sector of the housing market that has grown in significance as home ownership has declined and demand for good quality residential property has increased.”

The report marks TML’s move into buy to let last month.

There are 0 Comment(s)

Comments are closed.

You may also be interested in