North-west sees rise in investment landlords applying for mortgages

 

The market share of buy-to-let investors has been dominated by London for many years, but the rest of the country is now beginning to catch up – particularly the south-east and the north-west.

There was a 3.1% rise in the number of buy-to-let mortgage applications from the north-west of England last year, according to figures from buy-to-let lender Commercial Trust, while the south-east saw a 3.4% increase on the previous year – closing the gap between the region and London to 0.3%.

The north-east also saw a 0.9% rise in applications to the buy-to-let lender, an indication that the UK’s non-core regions are finally catching up with the capital city. The market has been levelling out across the country since 2015, according to Commercial Trust, with Yorkshire and Humber also increasing its share.

Quality of life

Andrew Turner, chief executive at Commercial Trust, said: “The traditional dominance of London as a hub for buy-to-let investment has undoubtedly shifted somewhat during 2017.

“There is a growing trend for people looking to rent outside central London, to places with good transport links, but where rental prices are lower. This is creating reinvigorated demand in the south-east from commuters, while for investors, property prices here are slightly less prohibitive than in London.”

With the government investing more in the north of England through its Northern Powerhouse scheme, economies outside of London are gathering momentum and areas like Manchester, Nottingham and Liverpool are seeing greater levels of devolution. The cost of living in such cities is lower than in the capital, while job markets and transport links are creating vast improvements and increasing living standards in many areas.

Turner added: “This is leading to internal migration to these industry hubs and is in turn developing increased demand in the private rental sector prompting some landlords to identify investable regions.”

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

ba-

Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator

.

Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.

Login

Not a member? Sign up for free

Manchester

North-west sees rise in investment landlords applying for mortgages

Example

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.