Buy to let landlords are earning more, research reveals

29 April 2010

Written by Simon Whittaker.

Buy to let landlords are earning a higher net income now than a few years ago, according to the Nationwide House Price Index released today.

Profits have risen due to many landlords seeing their mortgages revert to base rate trackers in addition to low interest rates and rising house prices.

The research has revealed that house prices have risen by one per cent since March this month and 10.5 per cent since April 2009 with the rate of annual price inflation reaching double-digit figures for the first time since July 2007.

The average house price is now £167,802 up from £164,519, having risen 6.7 per cent during the period May 2005 to April 2010.

According to independent personal finance information provider Moneyfacts, the average two-year fixed rate mortgage can be takEN out at a rate of 4.63 per cent, the lowest average rate in 12 months.

Why not take a look at our best Buy to Let mortgages and make an enquiry online now.