I’m pleased to share a copy of the Fleet Mortgages Rental Barometer with you which we’ve published today, covering Q3 2025 rental yields across England and Wales plus additional Fleet data from the last quarter, as well as the supporting press release.
Fleet Mortgages’ Rental Barometer Q3 2025
Rental yields edge up across England and Wales as professionalisation of landlords continues
- The North East remained the top-yielding region across Q3 with rental yields of 9%
- Over 61% of applications in Q3 were from portfolio landlords holding four or more properties
- Limited company borrowers continued to dominate, making up 81% of all applications
- High demand (38%) from those looking to add properties to their rental portfolios
- First-time landlords held steady, representing 12% of all applications
| Average Rental Yields | y/y change | ||
| Region | Q3 2024 | Q3 2025 | |
| North East | 9.7% | 9.0% | -0.7% |
| North West | 8.0% | 8.5% | 0.5% |
| Wales | 7.2% | 8.2% | 1.0% |
| Yorkshire and Humberside | 7.7% | 8.2% | 0.5% |
| East Midlands | 7.5% | 7.5% | 0.0% |
| West Midlands | 7.6% | 7.5% | -0.1% |
| South West | 6.1% | 7.0% | 0.9% |
| East Anglia | 5.9% | 6.6% | 0.7% |
| South East | 6.1% | 6.5% | 0.4% |
| Greater London | 5.9% | 5.9% | 0.0% |
| England & Wales (Total) | 7.2% | 7.5% | 0.3% |
Previous Rental Barometer reports can be accessed via our website: https://www.fleetmortgages.co.uk/broker-resources/