Yields continued to rise across most parts of the country in March, with London, consistently one of the lowest yielding regions, witnessing an increase in yields of 3.9%.
Other increases in yields were seen in East Anglia (8.2%), the East Midlands (5.9%), the North (2.1%), the North West (0.8%), the West Midlands (0.6%) and Yorkshire (0.4%).
John Heron, managing director of Paragon Mortgages, says: “This month, rising yields in London and East Anglia have driven an overall increase in yields across the country. Over the last five months we have seen a sustained firming of yields in Greater London – which is good news for landlords in and around the capital.”
