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Property investors desert London says Landlord Mortgages

Landlord Mortgages annual BTL review reveals property investors are deserting London due to high property prices.

Only 8.56 per cent of all rental properties purchased over the last year were in London, 5 per cent down from August 2003-04.

This is a low percentage considering that the ODPM estimated in 2003 that 15 per cent of England’s viable residential stock is based in London. According to Landlord Mortgages, the average BTL property in London costs 223,997.

The most popular region to invest in over the last year was the south east, making up 22.54 per cent of total investment. The least popular regions were Scotland – 2.71 per cent – and Wales – 3.42 per cent.

Landlord Mortgages managing director Lee Grandin says: “Despite the fact that London has traditionally had a strong BTL market, over the last few years investors have started to look elsewhere. The capital is simply too expensive to provide the type of yields and potential capital appreciation that investors are looking for. Following the rate reduction earlier this month, we have seen a great deal of interest from investors and anticipate that many of them will take this opportunity to invest in ‘good value’ properties outside the capital.”


Co-op advisers back a strike

Advisers at Co-op Insurance Agency have voted 2-1 to strike over employment contracts which they say could lead to pay cuts of up to 30 per cent.

The need for knowledge

In today’s age of technology, there is a vast amount of information available to clients on the worldwide web. If the general consumer needs to get information on any financial product or service, they can do so at the touch of a button. This has in turn meant that access to financial products and information […]

‘Citizen’s pension to take 10 million out of testing’

A simple, fair citizen’s pension would remove 10 million future pensioners from means-testing, says the National Association of Pension Funds. It claims it would reduce poverty by providing a simple state pension system on which to build additional savings and would be fairer to women, carers and others who miss out in the current system. […]

Buy-to- let fund opens door to property

Curzon Capital claims its new residential buy-to-let fund, which it is launching through a number of advisers in advance of A-Day next year, is the first of its kind. City Living, initially set at 50m, is aimed at self-invested personal pensions. It will be run in conjunc- tion with Cluttons LLP, which will act as […]

Harris Associates' view on the UK’s vote to leave the EU

By David Herro, Partner, Deputy Chairman, Portfolio Manager and Chief Investment Officer of International Equity at Harris Associates Britain’s vote to exit the European Union has led to significant uncertainty across global markets. We believe market impact of this uncertainty, though severe, is more of a shorter-term phenomenon which will provide an opportunity for long-term […]


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