The Leeds Buy to Let Property Market April Update

We’ve seen the property market in Leeds remain competitive in March, with demand in Sales and Lettings far exceeding supply. The demand has been driven in part by the Spring 2021 Budget, which extended the UK furlough scheme and the Stamp Duty holiday.

Leeds Buy to Let Sales Update

The holiday on Stamp Duty has been extended to include all property purchases completed by July. With the average purchase taking around 3 months to complete, buyers have been hurrying to secure properties in time to benefit from the savings. This has led to a sharp increase in property prices, with a house on the market last week for £115,000 being sold 3 days later for £142,000!

As a result of the current demand bubble, we unfortunately missed our target for number of properties sourced in March.

At Lifestyle Property People, we aim to find the best properties that will give our clients stable, long-term returns and refuse to compete with buyers who are paying way over the odds.

We anticipate that this demand will subside in the next 3-4 weeks as the timeline for buyers to benefit from the Stamp Duty holiday disappears. So, although our clients may have to wait a little longer, they know that we would rather find the right property at the right price than just buying them any property.

Leeds Buy to Let Mortgage Update

The mortgage sector is back to business as usual, with interest rates holding steady and mortgage offers coming through thick and fast for our clients. This month, we’ve had 9 mortgages offered, which is a stark contrast to 6 months ago, where mortgage offers were taking months to be processed.

Low interest rates mean lenders currently have access to lots of capital, and this high level of liquidity means the property market should remain stable and active for the foreseeable future

Leeds Lettings Update

High levels of demand for rental properties in Leeds is continuing to drive a strong lettings market, with our team securing tenants for 4 properties in March. Rental yields continue to increase, making it a great time to invest in the Leeds property market.

If you want to find out how we can help you get involved in the Leeds property market, contact our expert team today.

We’ve seen the property market in Leeds remain competitive in March, with demand in Sales and Lettings far exceeding supply. The demand has been driven in part by the Spring 2021 Budget, which extended the UK furlough scheme and the Stamp Duty holiday.

Leeds Buy to Let Sales Update

The holiday on Stamp Duty has been extended to include all property purchases completed by July. With the average purchase taking around 3 months to complete, buyers have been hurrying to secure properties in time to benefit from the savings. This has led to a sharp increase in property prices, with a house on the market last week for £115,000 being sold 3 days later for £142,000!

As a result of the current demand bubble, we unfortunately missed our target for number of properties sourced in March.

At Lifestyle Property People, we aim to find the best properties that will give our clients stable, long-term returns and refuse to compete with buyers who are paying way over the odds.

We anticipate that this demand will subside in the next 3-4 weeks as the timeline for buyers to benefit from the Stamp Duty holiday disappears. So, although our clients may have to wait a little longer, they know that we would rather find the right property at the right price than just buying them any property.

Leeds Buy to Let Mortgage Update

The mortgage sector is back to business as usual, with interest rates holding steady and mortgage offers coming through thick and fast for our clients. This month, we’ve had 9 mortgages offered, which is a stark contrast to 6 months ago, where mortgage offers were taking months to be processed.

Low interest rates mean lenders currently have access to lots of capital, and this high level of liquidity means the property market should remain stable and active for the foreseeable future

Leeds Lettings Update

High levels of demand for rental properties in Leeds is continuing to drive a strong lettings market, with our team securing tenants for 4 properties in March. Rental yields continue to increase, making it a great time to invest in the Leeds property market.

If you want to find out how we can help you get involved in the Leeds property market, contact our expert team today.