The Times newspaper had an article recently asking the question: “Should I Invest in a Buy To Let Property in 2022?” They confidently replied with a resounding YES! …says Benwell Daykin.
Two Nottingham postcodes occupied spaces one and two on their highest average yield locations in England, with NG7 giving 11.3% and NG1 giving 11.1% on average.
Meanwhile, the same newspaper reports that banks are doing all they can to attract landlords in 2022 by offering low interest rates on buy-to-let mortgages (Mortgage Works, Nationwide’s buy-to-let arm, has a two-year fixed deal at 0.99 per cent) and several lenders are offering higher than usual loan-to-value (LTV) deals, including TSB, which has an 80 per cent LTV mortgage.
At Benwell Daykin we have found that demand for rental properties in and around the Ruddington area is through the roof and with rental prices increasing considerably. We often find ourselves marketing a property for a matter of hours before it is either reserved or we in fact have received over thirty enquiries! Being inundated with enquiries is a result of higher demand for quality accommodation.
If you are considering investing in a buy to let property then please get in touch with one of the experienced team at Benwell Daykin – we can advise on the best areas to consider and explain all the legal requirements you would have to adhere to as a landlord.
For existing landlords, we offer a FREE ‘portfolio health check’. We take the time to look at your properties, ensure you are meeting all your legal requirements and provide you with an up-to-date rental valuation to ensure you are maximising your rental returns.
For landlords who are looking for a change in managing agent, Benwell Daykin offer three months FREE management for new instructions.