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Not so grim up north for property owners
23 Jan 2012
Many property owners in the north of England are enjoying strong yields according to Tanya Powley of FT Money, with Burnley boasting the highest rental yields.
The news may also have an impact on the level of buy to let insurance sales with lower house prices across parts of northern England meaning that many areas are performing better for rents than London, the south-west and Wales.
There has also been the recent emergence of certain mortgage lenders in the buy to let market who were offering the maximum loan value you can get in the buy to let market currently, of around 80 per cent.
Ms Powley said: "There are some areas and towns where you can actually get a very high yield.
"I think the highest one we found was 7.6 per cent in Burnley. A lot of the higher buy-to-let yields tend to come in the north of England where obviously there are lower house prices."
The FT Money Show brings engaging and insightful coverage of the week's major personal finance issues.
Posted by Michael Brown
