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It's the same in the UK, banks won't even look at you if your projected yield isn't at least 6%. The fact buy-to-let mortgages have this requirement for mum and
by mutatio 11y ago
It's the same in the UK, banks won't even look at you if your projected yield isn't at least 6%. The fact buy-to-let mortgages have this requirement for mum and pop landlords means that even if you have the liquid assets (large hedge funds, investors, mega-rich) you might as well extract the 6% minimum yield. Result: astronomical rental costs growth in London, gotta feed the system somehow!