Home Owners Become Landlords
Recent research by Rightmove would suggest that UK average yields on rental properties are 5.73% – far higher than most investors can expect from a deposit account. Furthermore the proportion of landlords looking to invest for the first time is at its highest level for more than a year at 44%.
This seems to be fuelled by many accidental landlords – owner-occupiers who only move into renting due to a poor sales market or other circumstance – keen to abandon their ‘amateur’ status and invest further. One in eight accidental landlords have decided that they now want to build a portfolio by buying more property to let.
Accidental landlords make up around 30% of all private landlords. Separate research by Rightmove shows that 74% of professional landlords also aim to increase their rental portfolio in the next year. Around 88% of landlords surveyed report that they are looking for 5 per cent as the minimum average return on their rental investment.
“This is clearly a good return on investment” says GFWLetting Fran Mulhall, “For many prospective landlords their concern is the unknown.”
If you would like to talk to Fran regarding a potential investment or to discuss your existing portfolio please call 0191 605 3150 or click here to send an email.
Countryside Productivity Small Grant (CPSG) scheme
Whilst the scheme has proved popular so far, with more than 3,500 grants worth £23.5 million... Read More
GIS Mapping: How it can help improve your farm business
Tim Michie is a Senior Rural Surveyor at land, property and business consultancy, George F. W... Read More