buy to let mortgages

Where to Buy to let

Information on this site is for information purposes only. It is not intended as investment advice

Where to buy to let by region

The chart provided below shows the rental income variation across England. The higher rent areas are shaded darker and the lower rent areas are lighter.

Try entering a local authority location in the drop down box for a more refined search. 

The figures are correct for the year ending September 2021

From the landlords point of view, the most desirable of factors is that there is a continuous tenancy at the property. If there are no tenants, then you, the landlord, will have to pay the mortgage out of your savings.

Location is an important factor in determining whether your property will be considered desirable by potential tenants.

The safest area to buy in is the town or city where you live. You know the good and bad areas. You have an inside knowledge of employment, traffic and new developments. In addition to your local knowledge, you will be able to keep an eye on your investment.

Ask a Letting Agent

You should seek the advice of a local letting agent. The letting agent will know what type of property is in demand and what the likely rent will be. Read more about letting agents

You are probably going to need to employ a letting agent so now is a good time to start that relationship

If the letting agent is keen for your business then they will be only to pleased to advise you on location. Try to speak to more than one letting agent. 

Think about location from your tenants point of view. Local factors may well be important. For example, there is likely to be good demand for property close to Hospitals, Universities or Factories.

If you live in London or another big city then proximity to the tube or bus routes could be of prime importance.

Factors to consider

Some factors are likely to be important wherever the property is situated:

  • Parking: Most people drive, make sure there is space to park.
  • Security: People need to feel safe. What kind of an area is the property in.
  • Leisure: Proximity to pubs, restaurants and sports facilities will all help
  • Road links: Are major roads accessible.
  • Public transport: A railway station close by could attract commuters from neighbouring towns and cities.

If your letting agent identifies families or single parents as prospective tenants then proximity of schools may be a primary concern.

It is important to have your property let consistently. Think about this; you are about to enter a marketplace, and your property will be in competition with other properties for your tenants. Which one will the tenants choose – the bright, tidy one in the better position?