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| New Letting Returns Exaggerated Research published today demonstrates what many people have been suspecting for a while: estate agents have been talking up the likely rental income that you could get from your property.
Landlord Mortgages, specialists in buy-to-let mortgages, revealed that rental returns are being overstated in some cases by up to 18%.
This sort of evidence may be particularly worrying for the buy-to-let market, where many investors look to buy a property with the aim of earning an income by renting it out. They may well be predicting their potential earnings on over-estimates of their likely rental returns, if this research is to be believed.
Lee Grandin, the Marketing Director of Landlord Mortgages commented on his company's findings by pointing out that they "highlight how essential it is for landlords to undertake extensive research before choosing a particular property or area".
As ever, here at Finance Facts we'll try and bring you the latest news on all developments within the UK housing market. Readers of this article may also be interested in our recent report on the Buy to Let Market in the UK.
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