For buy to let investors the challenges that come with the London housing bubble are well understood. What is not so commonly reported is the fact that areas in the North West have been top of the tables for the UK’s highest rental yields in recent years. Liverpool is currently on top, with the L7 postcode maintaining a yield of over 12%.
This is not to say that London is losing its appeal, but when the yield returns are as low as 1.48%, the stark yield difference in just over 200 miles is undeniable.
Help your specialist buy to let landlord clients take advantage of the opportunities the North West market has to offer with a range of products from Vida Homeloans including;
- MULTI UNIT BLOCKS & HMOs – MUBs up to 5 units, HMOs up to 8 bedrooms
- PORTFOLIO LANDLORDS – Up to 80% LTV average across portfolio. £4m max loan on BTL portfolios.
- FIRST TIME LANDLORDS – Applicants who do not currently own any property are acceptable.
- FLATS ABOVE COMMERCIAL PREMISES – Above restaurants & takeaways: Up to 60% LTV. Above commercial premises: Up to 75% LTV
- TRADING COMPANY OR SPV – Available on any trading limited company with just 1 year’s accounts.
- RENTAL CALCULATION – Rental stressing only applied to mortgages held with Vida. Minimum property valuation £50k.
Vida Homeloans’ Sales Manager – North, Jan Gallagher, has a wealth of experience of the market in the North West and has written an article exploring the benefits of investing here. Read the full article here.
