18 Jan

Index launched for buy to let landlords

Index launched for buy to let landlords

Mortgages for Business have launched a buy to let index, providing data for landlords and residential property investors.

The MFB Complex Buy To Let Index  track property values, buy to let loan sizes, loan-to-value and yields.

With the first index released today, the publication also examines more complex areas of the sector such as houses with multiple occupation and multi-unit freehold blocks.

Data will be published quarterly, based on Mortgages for Business transactions in the previous three months.

David Whittaker, managing director at Mortgages for Business, said: "Client feedback throughout last year indicated that active professional landlords and residential property investors are keen to understand more about market dynamics and key trends."

Today's publication  revealed that yields for houses in multiple occupation in 2010 were 8.7 per cent.

The average loan size was £287,800, with a loan-to-value of 61 per cent.

Buy to let landlords were recently advised to ensure their insurance is adequate for their needs.

More Than Business said January was the ideal month to check their landlord insurance cover and shop around for a better deal on their renewal.ADNFCR-1222-ID-800349479-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.