There has never been a better time to begin your property dream in the North.
Annual rental yields are as high as 6.92% in Leeds, followed by 5.96% in Liverpool . Meaning that, the North is the countries most lucrative buy-to-let hotspot.
When entering the buy-to-let market, the easiest way to become profitable is to invest in an area whereby investor income is high, comparable to local property prices.
At acorn.finance we are able to secure you loans up to 90% of the purchase price, mortgages with renovation costs included – with drawdown against equity from 4.55% + LIBOR.
With these low rates and high annual rental yields, what’s stopping you from pursuing your dream?
Property Partner revealed that out of 100 towns and cities across Britain, the 10 best buy-to-let locations are all located in the North. With the 10 worst rates in the South.
Annual rental yields were taken into account along with average income, average property price, and average rent within the study to find the 10 best UK buy-to-let hotspots.
The top ten are as follows:
Leeds – 6.92%
Liverpool – 5.96%
Gateshead – 5.78%
Stoke-on- Trent – 5.67%
Rochdale – 5.6%
Newcastle – 5.59 %
Oldham – 5.46 %
Middlesborough – 5%
Stockton-on-Tees – 4.81%
Rotherham – 4.31%
The study has highlighted that in your property investment venture, it’s not always crucial to have a central location and high demand, sometimes it can be right on your doorstep with less demand than you expected.
By opting for a property that has a lower average price, it gives you more room in your budget for refurbishment and renovations, to increase the value overall.
Which is why, acorn.finance can find you staged funding to finance more significant works if you’re wanting to maximise your profits.
Read more on the study at:
Contact acorn.finance now to get your funding sorted.