It has been reported that property investors should turn their attention to Glasgow, Manchester, Birmingham, Sheffield and Liverpool and not to focus solely on properties in London for buy-to-let investment opportunities. This statement is a result of research that compares rental returns and property prices which gives an outcome of the locations that will reap the highest yields.
It may be surprising to see that on a list of top 20 buy-to-let hotspots for January 2015, Glasgow and Liverpool postcodes were features four times. High appearing cities also included Sheffield (three times) followed by Birmingham and Manchester both being stated twice each. It is also interesting to see that London postcodes were somewhat lacking form the list, apart from postcodes east of the city which took the top three spots.
Each city stated above has appealing factors to investors. For example; Glasgow has become more attractive due to the house price hike in Edinburgh, Scottish buyers are diversifying and branching out to ensure they get the most for their money. In Manchester, the city has seen the strongest house price growth in the UK, Nationwide found that average prices across 200 postcode in Greater Manchester rose and some even doubled, again resulting in a decent investment for buyers. Liverpool has the advantage of housing over 60,000 students, therefore the demand is already there for buy-to-let landlords.
It is ever so important to find an investment option that suits your investment criteria. Property is an attractive and appealing investment option however, many people cannot afford the high house prices that are currently on the market. Wellesley offer access to property investment without the overheads of owning a property.
Wellesley lends to borrowers throughout the country that are seeking property and bridging development loans. The loans are used to develop properties that will go on to service the UK rental market or to be sold.
Interest rates being offered by mainstream lenders are at an all-time low, Wellesley offers investors with appealing rates of return of between 4% to 6.32% through our innovative asset backed Peer-to-Peer lending platform. If you would like to invest in property without the commitment of physically owning a property, our platform may suit you. For further information about Wellesley products please contact of Customer Service Team on 08008886001 or [email protected].