Landlord News

Opportunities for Buy-to-Let Investors Broaden in the North

Rose Jinks - November 14, 2018

Opportunities for buy-to-let investors are broadening across the country, particularly in the north, according to the latest Buy-to-Let Index from LendInvest.

The marketplace platform for mortgages found in its quarterly report that locations in the north of England are quickly filling up the top ten areas for buy-to-let investors.

LendInvest’s Buy-to-Let Index ranks 105 postcode areas around England and Wales based on a combination of four metrics: capital value growth, transaction volumes, rental yields and rent price growth.

For November, Colchester came out on top for buy-to-let investors, followed by Stockport, which overtook Manchester (a regional leader). Leeds also came in at number 11, signalling the broader opportunities for investment in the north.

Midlands and central England postcodes continue to climb the table, as Wolverhampton (seven) and Peterborough (eight) break into the top ten.

Meanwhile, South Eastern cities have lost some momentum, as long-term table topper Luton fell to tenth place.

Use the interactive map below to find out more information about locations across the country:

Ian Boden, the Sales Director at LendInvest, comments on the latest report: “As we edge towards the New Year and, subsequently, the date we are due to leave the EU, all investors’ eyes are on the performance of the UK property market. This is a time where our data is our best ally in making the right choices for long-term investment.

“This quarter has returned some interesting results. Smaller towns in both the north and Midlands are making swift gains up the table to rival the typical hotspots in each region. Stockport has taken the lead over Manchester this quarter, and Harrogate is in hot pursuit of its larger neighbour, Leeds.”

He assesses further: “Looking towards the centre of the UK, Midlands cities Wolverhampton and Peterborough have smashed into the top ten, joining successful regional capital Birmingham. The growing opportunity for buy-to-let investors in these regions reflects a knock-on effect of investment in these key cities.

“Locking down a solid prediction of how the landscape will look into the New Year is no easy task. In this instance, we know it is best to let the data do the talking.”