Landlord Basics

Property Investors Benefit From 10.6% Buy To Let Yields

2010 proving to be a profitable year for property investors. Aside from benefiting from annual buy to let yield increases of 10.6% – a 2 year high – average rents have also witnessed growths of 0.3% in February.

And this is an incredible start to the year when you also factor into the equation the fact that average rents have risen by 3.2% in the last year.

However, property advisors are warning property investors to be careful in their property investment choices following revelations that HMOs are going to change…

Dubbed the ‘Planning Use Classes Order’, when this initiative comes into action in April 2010 property investors wishing to let property rentals to sharers such as nurses, young professionals and students will encounter problems.

Under this new scheme, all property investors will now have to apply for planning permission from the government/council in order to establish a new HMO (houses in multiple occupation) with a change of use. And this could prove to be a time consuming process for everyone involved if current planning permission structures are incorporated…

Assessing this scheme, many property advisors believe that the main aim behind this new Planning Uses Classes Order is to take control of the spread of shared rented properties popping up across the UK property market. By taking control, the government is confident that this initiative will help put a stop to the increasing number of unsafe and substandard properties being supplied by bad landlords and improve the buy to let market.

Related posts:

1. Chancellor’s measures could benefit the buy to let sector
2. New Initiative Offers Property Investors Protection Against Squatters
3. Green Deal Urges Property Investors To Become Eco-Friendly
4. New measures could increase opportunities for developers and investors
5. 66% Of Property Investors Plan To Invest Abroad

Tags: buy to let, buy to let market, property investment, property investors, property let, property market, property rentals

This entry was posted on Wednesday, March 17th, 2010 at 8:38 am and is filed under buy to let, News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.