Higher rental incomes for northern buy to lets

28-Dec-2005

Property values and rental incomes in the north are rising faster than the south, making buy to let investments an attractive option for first time buyers.

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Aspiring homeowners looking for an alternative route onto the first rung of the property ladder can benefit from the current boom in rental properties in the north of the UK.

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Rental yields have increased significantly, according to Paragon Mortgages,leading to a rise in confidence among property investors in the area.

"Landlords in the North are still seeing total returns of over 30 per cent,compared to a much lower national average of 7.6 per cent," confirmed John Heron, managing director of Paragon Mortgages.

"Total returns, property values and yields are mostly higher in northern regions, most notably the north, while southern regions continue to see a modest decline in property values and yields."

As many first time buyers find themselves unable to finance the purchase of their ideal home, investing in a buy to let property can be the best way of getting on the property ladder while saving

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