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Rent in Bournemouth, have a landlord in Thailand?

Buy to let beside the seaside is a hot new trend for 2015… and beyond. An HSBC survey found that showed landlords in front-runner Southampton in Hampshire to be raking in epic gross rental yields of 7.82% (with average property prices standing at £138,311 and average monthly rentals being £901), with second place Blackpool following closely behind, averaging a7.81% yield from average monthly rents of £494 and average property prices of £75,943.

If you compare the bombed-out markets of Spain and Ireland, British property investors had a good

Residential letting agency, Castle Estates Residential Letting Agents, has released statistics of where their registered landlords are coming from and the results make for interesting reading. A staggering 67.6% of Castle Estates’ 267 current landlords are remote, therefore not resident themselves in the area where the property is located. Of this figure, 52.3% are UK-based but not local to the area and 15.3% are from overseas.

Neil Woodhead, founder of Castle Estates Residential Letting Agents, commented: “We have certainly seen the growth of the ‘remote landlord’ in recent years, with landlords now registered from places as far-flung as Australia, Thailand, Switzerland, South Africa, and Canada – not to mention Surrey, Berkshire, Essex, West Sussex and London.”

Ready Rentals is an online service, so that means that the system is accessible from all around the world for landlords of properties in England, Wales and Scotland. It is RICS regulated and available from £20 per month. So you could be renting in Bournemouth and paying a landlord in Thailand eh? Sounds glam!

Factfile:

Read more about HSBC residential mortgages here

www.readyrentals.co.uk or call 0141 212 9120.

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Suzi

Suzi

Editor in chief Suzi Dixon studied at Bournemouth university, went away for a while to work at The Daily Telegraph, then moved back to the sunny South coast for a quiet (er) life. Bournemouth News & Info is her website and she is assisted by the fabulous Fred From France in all things geeky and technical. Hire us to make your website, too, if you like.

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