8 Uk Buy-To-Let Facts For Cirencester Landlords

Posted on: 12 July 2024

8 UK Buy-to-Let Facts for Cirencester Landlords
8 UK Buy-to-Let Facts for Cirencester Landlords
 
The UK buy-to-let market continues to be a significant sector within the property market. Here are eight fascinating facts:
  1. Biggest BTL Lender: Lloyds TSB has the most buy-to-let mortgages totalling nearly £8 billion. Nationwide is 2nd at £6.6bn and Nat West is 3rd at £5.9bn.
  2. Average BTL Yield: Investors can expect an average yield of 6.7%, making it a lucrative option. 
  3. Percentage of BTL Mortgages: 12.8% of all mortgages in the UK are buy-to-let.
  4. Total Value of BTL Mortgages: The total value stands at an impressive £24.4 billion.
  5. Average BTL Mortgage: The average buy-to-let mortgage is £158,500.
  6. Average London BTL Mortgage: In London, this figure rises to £273,050, reflecting higher property prices.
  7. Number of BTL Homes in the UK: There are approximately 4.6 million buy-to-let homes across the country. In 1996, it was 1.9 million.
  8. Best Postcode for Yield: BD1 offers the highest rental yields, making it an attractive investment area. The worst is W1 in London, which offers yields of only 2.3%
 
If you're a Cirencester landlord or considering becoming one, contact us for expert advice and support. We can help you maximise your investment in the buy-to-let market.

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