Buy To Let Advice

Buy To Let Investment Advice Peterborough

Terry Lucking, owner of Belvoir Peterborough has vast experience in the lettings market having let just over 5,000 properties over the last 10 years. Terry knows exactly what investors in Cambridge should buy in order to maximise their returns; he is happy to share his expert Buy to Let advice. 

 Watch Terry's introduction to Buy To Let: 


Buy to Let Advice from Terry and the Team

Financing your portfolio

There are three standard ways that property investors pay for a property: cash purchase, full repayment mortgage and interest only mortgage. Interest only mortgages are the most popular because they are tax allowable and they also create cash flow which can be used to finance additional properties.
*Top Tip* It pays to shop around for a good value mortgage deal. Belvoir have relationships with local mortgage brokers and financial planners who can give specialist advice.
Click here to find services from trusted financial advisors.

Selecting a location

A good investment location is somewhere with plenty of employment opportunities, transport links, and good amenities as these factors create housing demand. Places with average house prices but above average rental prices will bring profitable rental yields if you want reliable income.
*Top Tip* Places which are undergoing regeneration will become more desirable and therefore the house prices are likely to rise, leading to long term capital appreciation.
Click to discover why you should invest in Peterborough.

Choosing an agent

Always work with an agent who is a memberof industry bodies such ARLA, NALS and the Property Ombudsman. These organisations offer protection to landlords and tenants through independent auditing. Belvoir Peterborough can assist you by giving Buy to Let advice and help in Selecting the right property; right through to Full Property Management.
*Top Tip* Find an agent that deals with all stages in-house so you don’t have to deal with third parties; processes are sped up and you can build a relationship with your property manager.Click to find out about our landlord services.

Selecting a Property

In order to select the right property, you firstly need to determine your personal investment aims; for example, high yields, capital growth or aiming at a specific tenant market. When looking at property itself, try to avoid period properties which often require large amounts of maintenance.  For Leasehold purchases, ensure you check the lease length, ground rent and service charge amounts as these can affect your income.
*Top Tip* Before you buy a property, seek advice from a lettings specialist. Belvoir offer FREE search and select property viewings. 
Click here for further tips about selecting the right property.


Refurbishment projects are dependent on the condition of the property you buy. Obviously, there is no need for amendments if you purchase a new-build but sometimes it is worth buying a run-down building at a reasonable price in order to increase its capital value.
*Top Tip* Ensure your property is well presented. Belvoir can arrange for a three bed makeover including redecorating and cleaning for just £500!*
Click here for good value professional refurbishment.


Furnished property demands are dependent on the tenant type. Small apartments, student lets and HMOs (House of Multiple occupation) are most popular when furnished as people don’t let for as long or they don’t own furniture. Family style properties with 3+ bedrooms, are best left unfurnished as people prefer to bring their own items.
*Top Tip* Only furnish with cheap and essential items as these are easy to replace. You can use cash flow from the 10% annual wear and tear tax allowance.Click to read our article on furnishing expense allowances.


Without an inventory a landlord can not make a claim against the damage deposit. All deposits have to be registered with an accredited government approved scheme. Belvoir carry out bespoke in-house inventories with careful documentation including photos. The more detailed the inventory, the more chance of a landlord winning a dispute.
*Top Tip* Make sure you send the tenants a copy of the inventory and get a confirmation of receipt. Click to check out the efficient inventory software we use.

Finding the right tenants 

Using a letting agent can save you time, money and offer your protection. Belvoir has access to a wide range of marketing facilities and we create detailed adverts tailored to the USPs of your property. Our in-house referencing team carries out thorough background checks, alongside offering rent and legal insurance products.
*Top Tip* When comparing offers from various applicants, consider what sort of people would suit your property best. Click here to read an article on how to find reliable tenants.


There are numerous types of letting insurance you can take out to protect your investment. Make sure you take out specialist lettings insurance which covers you for building, contents, malicious tenant damage, rent and legal expenses and arrears. Our comprehensive Belvoir landlord insurance costs approximately £350 per year.
*Top Tip* Rental warranty isn't essentail however it protects landlords from loss of rental income if the tenant defaults, leaves or is evicted.
Click to learn about Belvoir’s bespoke insurance cover.

Landlord responsibilities

All landlords are obligated to ensure their property is fit for living. If you don’t have time to manage a property, responsibilities can be delegated to a letting agent like Belvoir who can take care of everything from lodging tenant deposits to property repairs.  
*Top Tip* Landlord responsibilities can change alongside legislation; make sure you keep up-to-date with changes relating to property.
Click here to find a trusted local solicitor.

If you are interested in property investment in Cambridgeshire Terry is more than happy to share his expert advice and knowledge of the local property market. For further information contact him on 01733 321500 or or visit his LinkedIn profile. 

Belvoir Lettings Agency Peterborough welcomes feedback from our customers please follow one of these links if you would like to leave a review at our Reviews Page or at Google+, FreeIndex or Yelp.

Email a Friend

Please check you have entered all details correctly