Landlords Now Buying Smaller, Higher Yield Properties
According to a new index produced by Mortgage for Business landlords are now looking for cheaper, higher performing properties.
The mortgages taken show these lower value properties are getting higher yields.
“Landlords have been selective with their purchases this quarter, choosing properties that maximise their income with minimal investment. This strategy is likely to remain common as it allows landlords to maintain profitability while HMRC phases in restrictions on income tax relief for landlords.” Said Steve Olejnik, COO of Mortgage for Business.