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Loans Latest News Buy-to-let down in London Buy-to-let down in London
High property prices in London are driving away buy-to-let investors from the capital, according to new figures.
The number of properties bought for buy-to-let purposes has dropped by five per cent between 2003-4 and 2004-5, mainly due to high property prices.
The Landlord Mortgages figures show that only 8.56 per cent of all buy-to-let properties bought last year were in London, when 15 per cent of the UK's residential stock is based in the capital.
The company said the high cost of buy-to-let property, which averages £223,997 in London, is driving investors away to other regions.
"The capital is simply too expensive to provide the type of yields and potential capital appreciation that investors are looking for," said managing director of Landlord Mortgages Lee Grandin.
Mr Grandin added that landlords were aware that they could enjoy much better value for money elsewhere in the country, with property prices in some regions allowing them to manage two properties for the price of a London investment.
For more information on Buy to Let mortgages click here
The number of properties bought for buy-to-let purposes has dropped by five per cent between 2003-4 and 2004-5, mainly due to high property prices.
The Landlord Mortgages figures show that only 8.56 per cent of all buy-to-let properties bought last year were in London, when 15 per cent of the UK's residential stock is based in the capital.
The company said the high cost of buy-to-let property, which averages £223,997 in London, is driving investors away to other regions.
"The capital is simply too expensive to provide the type of yields and potential capital appreciation that investors are looking for," said managing director of Landlord Mortgages Lee Grandin.
Mr Grandin added that landlords were aware that they could enjoy much better value for money elsewhere in the country, with property prices in some regions allowing them to manage two properties for the price of a London investment.
For more information on Buy to Let mortgages click here
Monday, 26 September 2005 15:48
Top 5 Personal Loans
|
Loan |
Representative APR |
Min Loan |
Max Loan |
Min Term |
Max Term |
Apply |
|---|---|---|---|---|---|---|
| View Full Table > | ||||||
 |
6.8%
|
£7,500
|
£14,999
|
1 Year
|
5 Years
|
|
| Representative Example: £7500 borrowed over a period of 5 years at 6.8% (fixed) equals monthly repayments of £148 and a total amount repayable of £8,868. There are no other charges included in the total charge for credit. | ||||||
 |
8.2%
|
£5,000
|
£7,499
|
1 Year
|
7 Years
|
|
| Representative Example: £5000 borrowed over a period of 5 years at 8.2% (fixed) equals monthly repayments of £102 and a total amount repayable of £6,112. There are no other charges included in the total charge for credit. | ||||||
 |
6.1%
|
£7,500
|
£14,999
|
1 Year
|
10 Years
|
|
| Representative Example: £7500 borrowed over a period of 5 years at 6.1% (fixed) equals monthly repayments of £145 and a total amount repayable of £8,721. There are no other charges included in the total charge for credit. | ||||||
|
|
8.1%
|
£15,001
|
£25,000
|
1 Year
|
7 Years
|
|
| Representative Example: £15001 borrowed over a period of 5 years at 8.1% (fixed) equals monthly repayments of £305 and a total amount repayable of £18,293. There are no other charges included in the total charge for credit. | ||||||
|
|
6.1%
|
£7,500
|
£15,000
|
1 Year
|
7 Years
|
|
| Representative Example: £7500 borrowed over a period of 5 years at 6.1% (fixed) equals monthly repayments of £145 and a total amount repayable of £8,721. There are no other charges included in the total charge for credit. | ||||||
