This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy. Read more

Landlords up north lead the way as rents increase

21 April 2005
The latest Buy-to-Let Index from Paragon Mortgages has revealed that landlords in Yorkshire and the north-west are leading the way as rental yields increase across the country.

According to the index, these northern areas have seen the best returns for buy-to-let landlords over the last year, fuelled by the combination of appreciation in property values and rental incomes.

A landlord who bought an average property in Yorkshire a year ago would have generated a total return of 76.4 per cent last year and 42.7 per cent in the north-west, compared with an average total return across the country of 21.3 per cent.

Rental yields are up across the whole country according to Paragon, however, with London - usually one of the lowest yielding regions - upping yields by 3.9 per cent.

"Due to sustained demand rental incomes have risen more rapidly than property values, which have in turn had a positive impact on rental yields," explained John Heron, managing director of Paragon Mortgages.

Other areas that saw increases in yields were East Anglia (8.2%), the East Midlands (5.9%), the north (2.1%), the north-west (0.8%), the West Midlands (0.6%) and Yorkshire (0.4%).

Click here find out more about buy-to-let mortgages.

track© DeHavilland Information Services plc