London Buy To Let Market Promising Signs

CHAI WAN, Hong Kong - Aug. 3, 2015 - PRLog -- According to data from the Council of Mortgage Lenders, the number of BTL loans in the three months to the end of September totalled 34,400, 2% more than in the second quarter of 2012 (33,600).

Two thirds of buy-to-let landlords say the market is 'buoyant', and, despite George Osborne's plans to cut tax relief on buy-to-let homes, fewer than 10% are planning to sell their property.

"It's encouraging to see home owners are still feeling confident about the rental market and view buy-to-let as a valuable way to support their finances," says Andy Gray, Barclays managing director of mortgages.

In London, the average rent is £1,900-a-month, with outlying areas also doing well: £1,268 in Enfield and £1,262 in Croydon, for example.

Below is the list of average rent in the UK from Q1 to Q2 of 2015:

1. 1 London £1,900
2. 7 Birmingham £766
3. 3 Bristol £877
4. 17 Nottingham £639
5. 18 Manchester £693
6. 13 Reading £1,169
7. 47 Leeds £703
8. 6 Southampton £1,067
9. 50 Peterborough £649
10. 19 Slough £1,045
11. 48 Glasgow £601
12. 5 Ilford £1,252
13. 4 Harrow £1,402
14. 35 Edinburgh £923
15. 8 Croydon £1,262
16. 212 Plymouth £808
17. 12 Enfield £1,268
18. 79 Swindon £681
19. 62 Luton £754
20. 28 Milton Keynes £873

Source:

http://money.aol.co.uk/2015/07/28/london-is-top-buy-to-le...