Best yields are outside London
ACCORDING to new research, buy-to-let investors should be looking at Birmingham, Merseyside and Kent postcodes to receive the highest yields.
Nationwide data suggests landlords should avoid buying in Greater London, where yields average less than four per cent, compared to other areas that can offer returns of 10 per cent.
However, online letting agency Let Britain warns against chasing yield at all costs. Spokesman Fareed Nabir says: “While it is tempting to chase larger yields in regions all over the country, it can be concerning, especially for first time buy-to-let investors. Long distance landlords have a lot to consider, especially if they need any maintenance work doing to the house.”