{"id":11158,"date":"2018-02-08T14:15:06","date_gmt":"2018-02-08T14:15:06","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=11158"},"modified":"2023-10-06T10:15:29","modified_gmt":"2023-10-06T09:15:29","slug":"north-west-sees-rise-investment-landlords-applying-mortgages","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/news\/north-west-sees-rise-investment-landlords-applying-mortgages\/","title":{"rendered":"North-west sees rise in investment landlords applying for mortgages"},"content":{"rendered":"

The market share of buy-to-let investors has been dominated by London for many years, but the rest of the country is now beginning to catch up – particularly the south-east and the north-west.<\/strong><\/p>\n

There was a 3.1% rise in the number of buy-to-let mortgage applications from the north-west<\/a> of England last year, according to figures from buy-to-let lender Commercial Trust, while the south-east<\/a> saw a 3.4% increase on the previous year – closing the gap between the region and London to 0.3%.<\/p>\n

The north-east also saw a 0.9% rise in applications to the buy-to-let lender<\/a>, an indication that the UK’s non-core regions are finally catching up with the capital city. The market has been levelling out across the country since 2015, according to Commercial Trust, with Yorkshire and Humber<\/a> also increasing its share.<\/p>\n

Quality of life<\/h4>\n

Andrew Turner, chief executive at Commercial Trust, said: “The traditional dominance of London as a hub for buy-to-let investment<\/a> has undoubtedly shifted somewhat during 2017.<\/p>\n

“There is a growing trend for people looking to rent outside central London<\/a>, to places with good transport links, but where rental prices are lower. This is creating reinvigorated demand in the south-east from commuters, while for investors, property prices here are slightly less prohibitive than in London.”<\/p>\n

With the government investing more in the north of England through its Northern Powerhouse<\/a> scheme, economies outside of London are gathering momentum and areas like Manchester<\/a>, Nottingham and Liverpool are seeing greater levels of devolution. The cost of living in such cities is lower than in the capital, while job markets and transport<\/a> links are creating vast improvements and increasing living standards in many areas.<\/p>\n

Turner added: “This is leading to internal migration to these industry hubs and is in turn developing increased demand in the private rental sector prompting some landlords to identify investable regions<\/a>.”<\/p>\n","protected":false},"excerpt":{"rendered":"

The market share of buy-to-let investors has been dominated by London for many years, but the rest of the country is now beginning to catch up – particularly the south-east and the north-west. There was a 3.1% rise in the number of buy-to-let mortgage applications from the north-west of England last year, according to figures… Read more »<\/a><\/p>\n","protected":false},"author":1069,"featured_media":11170,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[2,42,6],"tags":[22,341,314],"class_list":["post-11158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buy-to-let-landlords","category-regeneration","category-uk-housing-market","tag-buy-to-let","tag-newsletter","tag-north-west"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/11158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=11158"}],"version-history":[{"count":1,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/11158\/revisions"}],"predecessor-version":[{"id":6097102,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/11158\/revisions\/6097102"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/11170"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=11158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=11158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=11158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}