Leah Norman of Belvoir Lettings Peterborough explains how increased demand for properties to let in the Peterborough area has led to a shortage of rental property and a great opportunity for but to let investment landlordsand also for people looking to move who might consider “Let to Buy”.
Please Follow this link for more advice from Belvoir Peterborough regarding buy to let investments
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Video Transcript
Peterborough is a city of energy – alive with culture, colour and community. There is so much to discover, from historical aspects, retail and heritage.
Peterborough is dramatically developing and so, a great place to live, work and also for people wishing to invest in properties.
Peterborough’s economy is booming. With a regeneration project that is breathing new life into the city and surrounding areas and the M11 corridor project which is committed to creating 17,500 jobs by 2020 – these are all exciting plans!
The results prove this – we have smashed our lettings targets comparing results from 2013 to results from this year (so far) by almost half and this is set to continue into the next coming months!
We are experiencing a record demand for rental properties in the Peterborough area and as a result of this, we are letting on average around 20 + properties per week!
In addition to normal tenant enquiries, we have relationships with many of the major companies around the Peterborough area such as The New City Hospital, Cummins Generators which brings in extra applicants that we work with looking for accommodation around Peterborough.
To cope with the amount of enquiries that we are receiving, we need your properties!
Have you considered Let to Buy?
Let to Buy seems to be the way forward to starting to build a property portfolio that comes with various benefits and it’s a trend that is on the rise. In many cases, this seems the most financially sensible solution amongst couples who each own a property and want to buy one together – just simply hold on to one of them or even both as rental investments to then fund your new move.
It also makes sense if you have no or very little mortgage on your home as the rent coming in from your old home will cover the mortgage payments for the new property and quite possibly leave some extra cash each month too.
About Belvoir Peterborough
Belvoir Peterborough is a locally owned franchise of a national brand, with 148 offices within the UK and we are a REGULATED letting agent.
We are members of ARLA (The Association of Residential Lettings Agents), SAFEagent and approved members of the National Approved Landlord Scheme (Safeagent).
Reasons why you should choose the right agent, Belvoir Peterborough are
• Accredited Lettings Agents
• Locally owned and operated
• National brand awareness
• Large local awareness due to our professional reputation
• Annual client bank account audit Trained professional staff
• Trained professional staff
• Established Lettings Agents, with over 40 years experience in the industry
• Bespoke insurance protection for landlord’s for loss of rent and buildings insurance
• Professional and reliable systems
• Quality marketing details including quality photos, floor plans and a walk through movie
For more information, please do not hesitate to contact me to discuss further on:
Telephone: 01733 321500
