Landlords are enjoying better profits and yields than they have for several years, research from Aldermore has revealed.<\/p>\n
The average achieved yield of 6.6% is the highest seen in a decade. Regionally, landlords with property in the North West (7.4%), and Yorks & Humber (7.2%) secured the highest rental yields.<\/p>\n
Jon Cooper, Aldermore\u2019s director of mortgages, said: \u201cThe numbers here paint an interesting picture, one that might seem contradictory at first glance.<\/p>\n
\u201cWhilst the average landlord is seemingly doing the best since pre-pandemic days when it comes to profits and yields, what\u2019s increasingly obvious is that many landlords still feel jittery about what the next few years will bring.\u201d<\/p>\n
Nearly three-quarters (73%) fear that the Renters Rights\u2019 Bill will have a negative impact on their lettings activity, whilst nearly nine out of 10 landlords (88%) are generally concerned about the introduction of the legislation.<\/p>\n
The Bill, which received Royal Assent on the 27th of October, includes giving renters the right to end tenancies with two months\u2019 notice, strengthening local authority enforcement orders and bringing the Decent Homes Standard to the private rental sector for the first time.<\/p>\n
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Elsewhere, more than nine in 10 landlords (92%) are concerned about the potential 8% national insurance tax on rental income, which some are speculating may feature in the Chancellor\u2019s Autumn Budget speech in November.<\/p>\n
Cooper added: \u201cThere\u2019s work to be done to ensure the private rental sector remains a viable environment for both renters and landlords, and regulation must be implemented in a way that is fair, proportionate, and meaningful for all parties.<\/p>\n
\u201cAt Aldermore we know that many landlords are concerned about unintended consequences of the Bill. That being said, there may be potential benefits for the countless good landlords operating in the market.<\/p>\n
\u201cMany of the measures could boost trust and satisfaction among tenants, leading to longer tenancies, fewer void periods and fewer rent arrears. Upgrading properties could also mean higher property values.<\/p>\n
\u201cLandlords are experts at overcoming regulatory hurdles and I\u2019m confident they will adapt their strategy, knuckle down and thrive under the new rules.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Landlords are enjoying better profits and yields than they have for several years, research from Aldermore has revealed. The average achieved yield of 6.6% is the highest seen in a decade. Regionally, landlords with property in the North West (7.4%), and Yorks & Humber (7.2%) secured the highest rental yields. Jon Cooper, Aldermore\u2019s director of […]<\/p>\n","protected":false},"author":1,"featured_media":5143,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[2],"tags":[],"class_list":["post-5142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-second-home"],"yoast_head":"\n