Buy-to-Let lending increased by 5%

According to data published by the Council of Mortgage Lenders (CML), Buy-to-Let lending increased by 5% in the second quarter of 2012. Banks have demonstrated a renewed confidence in the Buy to Let industry, with landlords enjoying yields of up to 15% by investing in regional UK cities through Kingsbridge & Carter, the property investment expert.

Oliver Barber, Co Founder of Kingsbridge & Carter warned of a UK recession and house price declines as far back as 2006, but now says a new bull market has begun and that investors need to look outside of London to maximise their returns:

‘It’s encouraging to see mortgage providers growing their volumes, with lending up 17% on the same period last year. These figures chime with my view that Buy to Let investors will see a gradual profit revival in the years ahead, with regional cities such as Leeds, Manchester and Birmingham offering better returns than London. The coming bull market in these areas will last from 12-14 years, and those investing in the market now are likely to make the best returns over time.’

Mr Adamson of Leeds has already seen a significant return on his investment property in Nottingham with Kingsbridge & Carter and says:

‘I applied for a mortgage of £75,000 and so far have seen a return of approximately £20,000 on my Buy to Let property thanks to Kingsbridge & Carter’s discount model. I’d encourage other investors to get in ahead of the curve before the market starts to rally once again.’