More buying homes to rent

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THE number of people buying homes to rent in Sheffield has reached its highest level all year.

Figures show 18 per cent of all sales in November were for buy to let, according to the city’s estate agents Haybrook Financial Services.

The yearly average is 14.4 per cent.

Two out of three were also for fixed rate mortgages in the highest level since June.

David Miles, managing director of Haybrook, said more investors were making ‘strategic decisions around their exposure to the property market’ including buy to let.