The returns made by buy-to-let landlords rose across the UK as investors increase rates to counter tax relief cuts, new figures show.
A raft of tax changes and the impending tenant fees ban is creating a perfect storm of financial pressures on landlords, leaving many with little alternative but to increase tenants’ rents to cover their costs.
With an average rental yield of 4.67%, the latest annual European Buy-To-Let League Table from WorldFirst shows that the UK now offers the 16th highest rental return in Europe, demonstrating a significant improvement on its ranking of 25th this time last year, when an average rental yield of just 4% was achieved.