With demand for homes so high, buy to let is a solid investment choice. However, the rental yield you can expect depends on location.
Research from Seven Capital has revealed some top buy- to-let spots; Birmingham tops the list with an average rental yield of 5.4% and price growth of 14.2% over five years. Manchester, Derby, Liverpool, Nottingham and Newcastle, Leeds, Edinburgh, Bracknell, Sheffield and Glasgow are also on the list.
The vast majority of cities on the list were located in the northern half of the UK; although house prices are typically lower, many of them have bustling economies and have enjoyed significant government investment in recent years, increasing their popularity among renters.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Sources: 1Seven Capital, 2021
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(Your home may be repossessed if you do not keep up repayments on your mortgage)
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