Peer-to-peer buy-to-let mortgage lender Landbay is this month launching a new rental index aimed to provide landlords and all those interested in trends in the private rented sector (PRS) with in-depth analysis.
The new index will provide detailed information about rents broken down by region, county, London boroughs as well as by number of bedrooms in a property. The inclusion of this micro-level data is what will separate it from existing indices.
The monthly report will also offer analysis and explanation of emerging trends in the PRS, helping current and future landlords decide where to invest. It will also be of use for all those looking to get more information about the rental market situation and prospects.
Landbay has commissioned MIAC Acadametrics Ltd, a provider of analytical modelling of the financial services markets in the UK and Europe, with data analysis and interpretation for the report. All data will be sourced from Zoopla.
John Goodall, co-founder and CEO of Landbay comments:
“The ability to offer new and highly developed data insights into the buy-to-let and wider property market is very exciting for us. Our P2P mortgage lending platform was developed using the latest innovations in financial technology, so data and insight are already in our DNA. We’re confident our partnership with MIAC will give answers to what is driving prices and trends in the private rented sector. Being able to see how rental trends differ by number of bedrooms will be useful in a very practical way, particularly for those looking to invest in buy-to-let. We hope this tool will prove a useful guide to buy-to-let investors, and stimulate a discussion amongst industry commentators.
“The UK property market is fluid and complicated. To really pinpoint what is happening we need local and bedroom number data. With this index we’ll truly find out who and where is pulling the levers in the rental market.”
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