Buy to Let

Draw of the north for first-time buyers | Bricks & Mortar

One-bedroom flats in East Street Mills in Leeds are £144,950 through JLL

With the next budget set for November 22, anticipation is growing over what measures the chancellor could introduce to help young people on to the housing ladder. Over the past year activity in the first-time buyer market has been boosted by job opportunities in the north, weakened competition from buy-to-let investors, and low mortgage rates that have prompted more students to buy instead of rent. “They figure that even if they don’t stay in the city after their studies, they will still have the property as an investment,” says Gemma Randall, a branch manager at Entwistle Green estate agency in Liverpool.

Similarly, wealthy students in London looking at high-quality accommodation
(up to £700 a week) are deciding that it is more financially viable to pay…

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