View more on these topics

It pays to let according to Bradford & Bingley


It pays to let according to research by Bradford & Bingley Estate Agents, formerly Black Horse Agencies.


The survey says letting your property could provide a gross return of up to 12 per cent of the value of the property.


But B&B found that returns vary by over 6 per cent depending on geographical region in which the property is let. Scotland provided the highest return on a flat, while the North East recorded the lowest return for a detached house.


It also revealed that the time taken to let a property is longer than it was six months ago. Despite this a fifth of all properties are still let within a week and more than a half are let within three weeks of coming to the market.


Recommended

Old Mutual appoints head of retail business

Old Mutual Asset Managers has appointed Graham Kane as head of retail business.Kane, formerly managing director of Morgan Grenfell Unit Trust Managers, will have the responsibility of developing Old Mutual&#39s retail unit trust business.

First Mortgage offers three year fixed

First Mortgage is launching a three-year fixed-rate mortgage at 3.99 per cent.The lender says it is launching the fixed-rate because it believes interest rates are unlikely to fall significantly lower it an ideal time for borrowers to take out fixed rate mortgages.The three-year mortgage which is fixed until June 30 2002 is available at 90 […]

April rise in UK house prices

UK house prices rose by 0.2 per cent in April according to seasonally adjusted figures from the Halifax House Price Index.This is the second consecutive rise in the index following a 1.2 per cent increase in March.Halifax believes the housing market has now recovered from an unsettled winter period and is being driven by the […]

Chelsea Building Society raises minimum opening balance

Chelsea Building Society has raised its minimum account opening balance to £2,500 from £1,000.The move is designed to deter carpetbaggers, who are currently inundating its branches with requests for information. The upsurge in the requests follows Bradford & Bingley decision to convert to a plc last week.The new investment requirements take effect from Thursday May […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment