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Industry News: Paragon Bank release in depth report on BTL lending in the North

Paragon Bank

What’s driving the buy-to-let market in the north of England?

“Industry data highlights how during the last decade, private rented sector (PRS) investment has seen a shift. The North East, North West and Yorkshire & Humber, collectively making up the north of England, have overtaken the south as the area attracting t” Click to read original article >>>

Analysing a range of insights, including Paragon’s own lending data and Office for National Statistics figures, Paragons latest report delves into some of the reasons for the north’s increasing attractiveness to buy-to-let investors, including:

  • Relatively affordable property – ONS data reveals that the most affordable local authorities in 2023 were in the North West, North East and Yorkshire and The Humber
  • Strong returns on investment – Analysis of Paragon’s own lending data shows that landlords in each of the three northern regions record above average rental yields
  • High demand – High levels of tenant demand are reported by landlords across the north, with industry, universities and flexible workforces all contributing
  • Lower purchase costs – Owing to lower house prices, the amount of Stamp Duty landlords pay for property in northern regions is lower than the south
Picture of Author: Stuart Phillips

Author: Stuart Phillips

Fully CeMap qualified, Directly Authorised by the FCA and with over a decade of experience, Stuart has a wealth of experience in both specialist BTL and residential mortgages.

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