Analysing a range of insights, including Paragon’s own lending data and Office for National Statistics figures, Paragons latest report delves into some of the reasons for the north’s increasing attractiveness to buy-to-let investors, including:

• Relatively affordable property – ONS data reveals that the most affordable local authorities in 2023 were in the North West, North East and Yorkshire and The Humber
• Strong returns on investment – Analysis of Paragon’s own lending data shows that landlords in each of the three northern regions record above average rental yields
• High demand – High levels of tenant demand are reported by landlords across the north, with industry, universities and flexible workforces all contributing
• Lower purchase costs – Owing to lower house prices, the amount of Stamp Duty landlords pay for property in northern regions is lower than the south