The
UK buy-to-let market continues to be a significant sector within the property
market. Here are eight fascinating facts:
- Biggest BTL
Lender: Lloyds TSB has the most buy-to-let mortgages totalling nearly
£8 billion. Nationwide is 2nd at £6.6bn and Nat West is 3rd at
£5.9bn.
- Average BTL
Yield: Investors can expect an average yield of 6.7%, making it a
lucrative option.
- Percentage of BTL
Mortgages: 12.8% of all mortgages in the UK are buy-to-let.
- Total Value of BTL
Mortgages: The total value stands at an impressive £24.4 billion.
- Average BTL
Mortgage: The average buy-to-let mortgage is £158,500.
- Average London BTL
Mortgage: In London, this figure rises to £273,050, reflecting higher
property prices.
- Number of BTL Homes in
the UK: There are approximately 4.6 million buy-to-let homes across
the country. In 1996, it was 1.9 million.
- Best Postcode for
Yield: BD1 offers the highest rental yields, making it an attractive
investment area. The worst is W1 in London, which offers yields of only
2.3%
If
you're a Northampton landlord or considering becoming one, contact us for
expert advice and support. We can help you maximise your investment in the
buy-to-let market.
