The Northern Powerhouse provides the highest rental yields amidst global COVID-19 pandemic
The latest market research into which postcodes in the UK have the highest-yielding locations for buy-to-let investors has announced Liverpool tops the list.
The research was conducted over the last week of May, amidst the Covid-19 outbreak, offering an up to date reflection of the market and buy-to-let rental yields. Whilst Liverpool topped the list for the highest-yielding location, the North West dominated the competition and scored the highest overall in Mojo Mortgages research. The rental market in the North West has been greatly improved by the migration of businesses and working professions away from London and into the Northern Powerhouse.
In the latest weeks since lockdown measures have begun to reduce in the UK, investors have found that lenders are mostly now back in business after withdrawing their services during the stricter lockdown of March and April. Lenders such as Barclays, Accord Mortgages and Skipton International have also cut their rates and raised their lending thresholds, according to Nick Sherratt, Managing Director at Mojo Mortgages.