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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.


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