LETTING & ESTATE AGENT

Following the government’s update on 13th May 2020 regarding home moving in England during the Covid-19 outbreak, we are pleased to announce our branches in England will start re-opening their doors for booked appointments over the coming weeks. Health and safety remains our main priority, and a number of strict measures will be put in place to protect our staff and customers. Our offices in Scotland and Wales will continue to support customers from home. Visit our branch page to find contact details for your local office.

Average buy to let loan now £149,000

Average buy to let loan now £149,000

The average buy to let loan now stands at approximately £149,000 according to the National Landlords Association. This figure does vary across the country with around 33% of landlords borrowing between £50,000 and £100,000 to fund the purchase of their rental property.

No surprises that London landlords borrow the most with an average of £228,000 – over £140,000 more than the average Scottish buy to let loan.

Carolyn Uphill, NLA Chairman, commented “While these findings indicate that the current mortgage finance market is healthy, it shows that landlords, and their finance needs, are far from homogenous.

“Like any small enterprise, private-landlords are always looking for an opportunity to invest and grow and this is only possible if their individual circumstances are taken into account by lenders. In order to support the provision of homes where and when they are needed, landlords need access to tailored, affordable finance which makes investment viable.”

“Many of our landlords are looking at further investment this year, there is definitely a better feeling around the sector” added Martin & Co Huddersfield Director, William Taylor (Letting Agent Huddersfield, Estate Agent Huddersfield, Property Management Huddersfield).