Recent reports from Fleet Mortgages have revealed a 0.3% increase in rental yields to 6.2% in the fourth quarter of 2022. This is a significant increase from the 5.9% reported in the third quarter of 2022, and is the highest rental yield reported by Fleet Mortgages since the start of 2021.
The increase in rental yields is good news for landlords and investors, as it indicates that the rental market is continuing to grow and is becoming increasingly attractive for those looking to invest in property. The increase in rental yields is also likely to be welcomed by lenders, as it suggests that landlords are able to cover their mortgage payments, and that the market is stable and secure.
The increase in rental yields is likely to be driven by a number of factors, including rising demand for rental properties, as more people are choosing to rent rather than buy due to increasing house prices. In addition, there has been an increase in the number of new rental properties being built, which has helped to meet this increased demand.
The increase in rental yields is also likely to be driven by an increase in rents, as landlords are able to charge more for their properties due to the increased demand. This is likely to be beneficial for landlords, as it will help them to cover their mortgage payments and make a profit from their investments.
Overall, the increase in rental yields reported by Fleet Mortgages is good news for landlords and investors, as it indicates that the rental market is continuing to grow and is becoming increasingly attractive for those looking to invest in property. It is also likely to be welcomed by lenders, as it suggests that landlords are able to cover their mortgage payments, and that the market is stable and secure.