The UK is set to see the launch of a brand new property index that will feature more micro level data, in an attempt to provide more advanced comprehension and understanding in a buy to let investment.
What will be known as the Landbay Rental Index (LRI), it will be powered by the Mortgage Industry Advisory Corporation (MIAC) for mortgage lenders who deal with peer to peer buy to let situations. This new index will become available for the first time towards the end of September and will be used to monitor trends in the property market as well as rental prices all over the country.
The index has been designed to offer up a more practical guide to existing landlords and anyone thinking of becoming one as they consider investing in buy to let properties. It will also provide clear trends in the private rented sector for anyone who cares to look into the figures.
It will be possible to see the rental trends via geographical levels regionally, by county and through London boroughs (where applicable). Additionally, rents will be evaluated in terms of the number of bedrooms the property possesses and will also include in depth analysis and clarification of any trends that are emerging.
Reports for each and every month will encompass national and local breakdowns, while also including practical detail for rental asking prices by number of bedrooms with input data for all to see. After reading this you are thinking let my home! Winkleigh’s Howes Estates can help you every step of the way, so why not get in contact with us today?