Brighton offers one of the best rental yields in the UK
Private Finance’s latest guide to the UK’s buy-to-let hotspots has named Brighton as one of the best places for landlords to realise a profit.
Who tops the table?
In its survey of rental yields across the country there was no change at the top, with Liverpool maintaining its position as the best-performing location for property investors. But, conditions in Liverpool do look like they are on the turn, with falling prices in the area leading to sharp drops in its rental yields.
Surging up the table, Nottingham reaches the second spot thanks to a £121 rise in average monthly rents recently.
Both Liverpool and Nottingham command average rental yields of 6.2%, once mortgage costs are taken into consideration.
Good news for Brighton landlords
Yet Brighton is not too far behind.
It joins Cardiff, Southampton, Manchester, Coventry, Edinburgh, Leicester and Bournemouth to make up the ten hottest places for landlords to consider investing in.
Brighton’s rental yield is a very attractive 4.6% thanks to relatively high rents being maintained by continued demand.
Across all of the top 10 there has been an average increase of yields of 0.9% since May 2017. This growth is a reflection of the fact that rents are rising more rapidly than house prices. In recent months we have seen a 20% increase in rents but only a 6% rise in house prices.
And the news just gets better
The study also found that landlords can benefit from record low mortgage rates, too. This is despite the increase in average rates at the end of last year, caused by the first interest rate rise in a decade.
Data from the Bank of England shows that the average two year (75% loan-to-value) buy-to-let fixed rate mortgage still remains at 2.47%, its lowest since tracking began in January 2012.
And better and better
But there’s even better news still for Brighton landlords: they can now guarantee their rent and avoid having to suffer void periods.
Khalil’s Rent Guarantee Scheme pays you rent every single month, regardless of whether your property is occupied or not.
The scheme takes away the stress and hassles of renting out property. You no longer have to find, vet and look after your tenants: it’s all taken care of for you.
You no longer have to worry about the daily maintenance of your property: this is also all taken care of for you.
And you no longer have to worry about your return on investment: you are guaranteed your rent.
At a time when the storm clouds have been gathering for landlords, how refreshing is it to hear such good news?
Find out how easy it is to guarantee your rent today.
For more good news about taking the uncertainty out of being a landlord, call Ahmed Khalil on 01273 573960, visit Khalil Properties at 124 Lewes Road, Brighton BN2 3LG, or find us online at www.khalilproperties.co.uk.