Expected revenue on BTL?

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  • Expected revenue on BTL?

    Hello, I am looking in to getting a BTL property. However before I go ahead I just wondered how many percent revenue I can expect per year?

  • #2
    The local letting agents in your area are the best people to answer your question on the current market rental level and gross rental yield on a property.

    In general, most Mortgage lenders are willing to offer loans up to max 70% of market value and your received weekly rent should cover atleast 130% of the monthly mortgage repayment.

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    • #3
      Think this should read rent (for any period, day, week, month, quarter or year) should be at least 130% of mortgage for same period..
      I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

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