Across all property types average yields dipped slightly in Q1 2018 to 5.8% from 5.9% in the last quarter of 2017 and now are at the same level as Q1 2017.
Portfolios of between 11 and 19 properties, underlining the continued rise of the professional landlord, got the highest average yields of 6.7%. By contrast those with just one property achieved yields of 4.8%.
Central London portfolios produced the lowest average yields at 4.8%.
And on a regional basis, landlords with portfolios in the North West reported the highest rental yields at 6.7%.
Precise Mortgages’ HMO product range includes 2-year tracker rates from 2.75% and 2-year fixed rates from 3.09% as well as lifetime trackers from 3.50% and 5-year fixed rates assessed on pay rate from 3.69%.
The portfolio lending limit has been increased to £10m with a maximum of 20 properties with Precise Mortgages and unlimited with other lenders.