Linley & Simpson Buy to Let Update October 2015

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Why buy-to-let is growing in popularity as a good 'home' for your investment money

YORKSHIRE remains in the throes of a buy-to-let boom.

Investors are being spurred on by an all-time high demand among tenants for homes to rent, wedded to new financial freedoms which allow pension pots to be channelled into property purchases for the first time.

And here at Linley & Simpson, the country's leading residential sales and letting agent, we have just witnessed the busiest month for rentals in our 18-year history - achieving a record 401 lets.

This has come as the average monthly rent nationally has also reached a new peak - £816 compared to £768 just 12 months ago.

> The resurgence of buy-to-let has been the dominant theme of a buoyant Yorkshire property market throughout 2015 – and research shows that this trend is poised to continue in 2016.

To fulfil clients' needs and expectations, we have assembled the most comprehensive service to support those of you who are turning to buy-to-let in record numbers for a better return on your money.

With interest rates for savers still hovering around an all-time low, it is easy to see why - the annual yield on a buy-to-let property is 4.1% nationally, with Linley & Simpson posting an average rate of return of 5.7%.

This outperformance of other investment options does not include any increase in the capital investment into your property, with some homes appreciating by as much as 17 per cent over the past 12 months.

Economists are now predicting that house prices could soar by an average of 25 per cent in the next five years - the second time this year that the forecast has been revised upwards.

Whether you are an established landlord looking at expanding your portfolio of properties, or an investor exploring the benefits of buy-to-let for the first time, our network of 11 interlinked branches across North and West Yorkshire can give you the inside-track on buying the ideal rental home.

Each boasts a dedicated team of experts offering a personalised buy-to-let service - a "one-stop" shop to guide you through the whole buying and letting process to ensure every pound of your investment goes as far as possible in maximising your investment.

It has been created by harnessing the unparalleled knowledge and insight we have of the marketplace through managing Yorkshire's largest portfolio of rental properties for almost two decades

Our Service also includes guidance to landlords on the best ways of releasing equity in current properties to take advantage of the current market climate and extend portfolios to maximise returns even further.

And, as an added dimension, we have launched a ground-breaking feature on our website. This enables investors to search for properties that our buy-to-let experts have already vetted to be ideal investment opportunities and showing likely rentals and potential yields that can be achieved for each one. All at the touch of a button.

Just as we ensure "Moving is easy" is with Linley & Simpson, we are also determined that getting the best possible mortgage is simple and straightforward too.That's why we have joined forces with Mortgage Q, the UK's largest independent provider of financial and mortgage advice on the High Street - either face-to-face or on the telephone. Based in Bingley, and covering the whole of Yorkshire, they search 1000s of mortgages to get you the best deal.

The continuing popularity of buy-to-let comes amid surprise tax changes introduced by George Osborne in July’s budget, which will stop mortgage interest payments being deducted from rental income when calculating a property’s taxable profit.

But, as the market conditions show, this threat has failed to dampen the appeal of putting spare cash into property - with the prospect of both capital gains and a healthy rental return.

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