Rent yields continue to increase
Those doing CeMAP training are likely to see an increase in buy to let mortgages if they choose to start working as mortgage advisors, as yields in the private rental sector continue to rise in the UK according to a recent survey.
The rise is due to an increase in tenant demand as consumers look to rent rather than purchase.
The latest report from Paragon Mortgages shows average yields increasing for the second quarter in a row. As the report commented, this ends a rather long period of stagnation in the rental market as well as a sign of an increasingly more confident buy to let sector.
‘A lack of available mortgage finance makes it difficult for potential homeowners to purchase property and many people remain unwilling to commit to purchasing a home in the current house price environment,’ said Paragon Mortgages’ managing director, John Heron.
There is continued demand from the likes of migrant workers, students and mobile professionals, which is adding to the stronger buy to let market.
As we reported in a recent article, the buy to let market sector is seeing somewhat of a resurgence as property investors realise there are still strong yields to be had if figures are calculated correctly with the right property. With savings returns and stock market dividends at record lows, property investment is still proving popular.
Posted on July 27, 2009
Related News
- British public prioritise mobile phone bill over mortgage, claim O2
- Credit crunch affects landlords
- Is the time ripe to invest in property?
- Will the recession affect Scotland more or less?
- Mortgage Advisors Changing Role
Comments
Got something to say?
