10 Aug

Rental yields on the increase for landlords

Rental yields on the increase for landlords

People renting out their buy-to-let properties are now seeing better yields than they were a year ago, a new report has stated.

Demand, LSL Property Services has reported, is constantly pushing what landlords charge their tenants towards record levels.

However, it has now been reported that rental yields are also on the up. According to BM Solutions, the level of return on investment was sitting at 6.2 per cent in June.

This was an improvement when compared to the same month in 2011, when they sat at six per cent.

Phil Rickards, BM Solutions, said: "Nationally, average yields on buy to let properties have edged higher over the past year. A key factor pushing up yields has been rental growth in excess of five per cent."

He said that the biggest rises have been seen in London, while those in the north have seen lower growth than elsewhere in the country.ADNFCR-1222-ID-801426848-ADNFCR

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