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National Auction Analysis Last Quarter
Dec-Feb Dec-Feb Increase 2012
2011
Lots Offered 6448 4705
Lots Sold
Percent Sold 73.0% Total Raised £553m
5918 4104
69.3% £495m 9.0%
14.6% 5.3%
11.7% Source: Essential Information Group
26,443 19,606 74.1%
£2.2bn Last Year
Mar 11- Mar 10- Increase Feb 12
Feb 11
25,538 17,584 68.9% £2.1bn
3.5%
11.5% 7.5% 5.5%
January 2012
Change from Dec 2011 Change from Jan 2011
Loans for house purchase and remortgage Number
of house purchase loans
35,600 -25% 22%
Source: Council of Mortgage Lenders
Value of house
purchase loans (£m)
5,300 -24% 23%
26,600 -6% 13%
Number of Value of remortgage remortgage loans
loans (£m)
3500 -3% -5%
Regional residential auctions: Dec '11- Feb '12 Lots offered Lots sold
East Anglia
East Midlands London
North East North West
Scotland
South East South West Wales
145 546 677 693
1380 West Midlands
North West HC 229 208 693 349 309 548
Yorks & Humber 649 Source: Essential Information Group
111 414 572 524 964 189 79
538 240 233 365 473
Buy-to-let house purchase lending
Percentage sold Total raised 76.6% 75.8% 84.5% 75.6% 69.9% 82.5% 38.0% 77.6% 68.8% 75.4% 66.6% 72.9%
£11.4m £28.9m £167.2m £40.5m £62.6m £37.0m £5.1m
£81.4m £30.8m £14.6m £30.7m £38.3m
60,000 50,000 40,000 30,000 20,000 10,000 0
07 Q3 08 Q1 08 Q3 09 Q1 09 Q3 10 Q1 10 Q3 11 Q1 11 Q3 12 Q1
Source: Council of Mortgage Lenders - BTL house purchase loans - BTL as share of all house purchase loans (RMS)
20% 15% 10% 5% 0%
A round-up of best buy mortgage deals as at April 3rd 2012
Product type Fixed Lender Ulster Bank
Progressive BS Abbey.
Northern Rock Tracker
Bank of China (UK) Abbey
Woolwich Northern Rock Source: Coreco Rate
2.95% 2.69% 3.39% 3.49%
2.80% 3.29% 3.29% 3.29%
Fees £30
£1415 £1030 £1404
£1685 £1030 £979
£1404 Two-year cost
£22,667 £23,770 £24,753 £25,408
£24,045 £24,493 £24,746 £24,896
Bank of England Base Rate Month
2010 Jan Feb Mar Apr
May Jun Jul
Aug Sept Oct Nov Dec
Rate 0.5
0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5
Source: Bank of England Month
2011 Jan Feb Mar Apr May Jun July Aug Sept Oct Nov Dec
Rate (%) 0.5
0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5
Month
2012 Jan Feb Mar
Rate(%) 0.5
0.5 0.5
Annual rates of return on buy-to-let investment Cash purchase Q4 2011 (last available data)
Region Gross
Annual Void Period Annual Rental
Average Net (days per Rental
Prime Central London 4.88 4.81 5.05 5.24 4.98 5.13 5.05 5.12 5.02
Rest of London
Rest of South East South West Midlands
North West North East
Scotland/Wales/NI All Regions
Yield (%) year) 20
16 18 21 22 26
26.4 24 20
4.6 4.8
4.93 4.67 4.76 70
4.78 4.74
Source: The Association of Residential Lettings Agents Capital
Yield (%) year) 4.61
5.66 5.66 5.66 5.66 5.66 5.66 5.66 5.66 5.66
Rate of
Appreciation Return on (% per
8.77 8.76 8.92 9.03 8.82 8.89 8.84 8.90 8.87
Inv. (over five years)
Rest of London
Rest of South East South West Midlands
North West North East
Annual rates of return on buy-to-let investment Geared investment Q4 2011 (last available data)
Region Gross
Annual Void Period Annual Rental
Average (days per
Prime Central London 12.02 11.75 12.71 13.44 12.41 13.02 12.70 12.97 12.56
Scotland/Wales/NI All Regions
Yield (%) year) 20
16 18 21 22 26 26 24 20
Rental
10.91 11.71 12.24 11.19 11.54 11.29 11.61 11.44
Source: The Association of Residential Lettings Agents Net Capital
Yield (%) year) 10.95
5.66 5.66 5.66 5.66 5.66 5.66 5.66 5.66 5.66
Rate of
Appreciation Return on (% per
21.31 21.29 21.68 21.93 21.43 21.60 21.47 21.63 21.55
Inv. (over five years)
www.the-negotiator.co.uk
TheNegotiator l May 2012 l 33
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