Birmingham Revealed as UK Buy to Let Hotspot

New research has revealed Birmingham as the UK's buy to let hotspot, with landlords in the area securing the highest rental yields in the country.

The data, gathered by property peer to peer lending platform LendInvest, found that post codes in Ipswich, Liverpool, Glasgow and Birmingham in particular fetched the highest rental yields in the UK during the first quarter of this year.

Jane Morris, managing director of Property Let by Us, said:

"The Midlands provides a great investment opportunity as the property is much more affordable than the South East and the yields are high. For example, in Coventry a three bed semi will cost around £125,000 and will provide rental yields of around 6.57%.

"Many of the landlords that we work with are netting between 6.57% and 9.1% from their properties in Birmingham, Coventry and Nuneaton. My advice to any landlord looking to invest outside there area is carry out thorough research on property prices; rent prices; and yields to ensure they make the right investment."

However, although Birmingham has beaten London on rental prices, post codes around North and Central London still deliver the best return on investment due to capital gains from rising house prices.

If you need legal assistance with your landlord or tenant, contact our landlord solicitors on 0845 603 0708 for advice.

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