Yields for landlords on houses with multiple tenants were 8.7% in 2010 - almost double those of normal buy-to-let properties, the Mortgages for Business Complex buy-to-let Index shows.
Launched today the index also shows that the average loan size for a property with multiple occupants was £287,800 with 61% LTV.
The average loan size for multi-unit freehold blocks was higher, at £470,900 with a 57% LTV with an average yield of 5.7%
The index tracks Buy to let loan size, property value, loan to value and yields and focuses on the previously unreported sub-sectors of the more complex buy to let mortgage transactions, specifically Houses in Multiple Occupation and multi-unit freehold blocks.
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