The Mortgage Bureau Peterborough Offers Buy to Let Mortgages

The Mortgage Bureau Peterborough would like to let the residents of the area who are interested in purchasing a home know that they offer Buy to Let mortgages. Buy to Let mortgages help fund the purchase of property as an investment where a normal residential mortgage would be less appropriate. Buy to Let mortgages come with many regulations that are difficult to navigate, regulations which The Mortgage Bureau is committed to helping their clients handle.

A Buy to Let mortgage is designed specifically for the purpose of purchasing a piece of property to rent out. The investor usually secures funding to purchase property in the private sector in order to let it out to tenants. Buy to Let properties are generally residential in nature, but the term does also include student property investments and hotel room investments.

The amount that financial aid providers are willing to offer is calculated using a different formula for an owner-occupied property. They consider a number of factors, including the expected monthly rental income the property will attract, and determine the maximum amount they are willing to offer. Depending on the financial aid provider, one might have to rely on their own personal income when calculating the amount they are willing to provide.

Many people may not qualify for Peterborough Buy to Let mortgages. Criteria for acceptance can include a number of factors, such as deposit amounts, credit rating and more. “There are plenty of enticing mortgage offers out there for landlords, but you’ll need to prepare yourself for very strict affordability tests,” says The Mortgage Bureau. “That’s because, in recent years, the Bank of England has looked to cool down what it considered to be an overheating Buy to Let market by imposing tougher lending restrictions.” The late ‘90s and early 2000s saw Buy to Let investments become very popular and drive housing prices dramatically upwards.

The Mortgage Bureau is known for its commitment to building long term relationships with their clients. The company accomplishes this by providing independent advice to each individual client. They are independent of all financial aid providers, a fact that allows them to offer the best possible mortgage services, including the ability to switch financial aid providers if a better deal comes up. Few mortgage advisers are truly independent, and The Mortgage Bureau is proud to be one of them.

This independence further ensures The Mortgage Bureau’s clients can rest assured that their information remains confidential. As the mortgage broker says, “We don’t share office space or systems with Estate Agents who may have different vested interests. You are our only client, therefore there is no conflict of interest. Only by being independent of Estate Agents can our clients be sure that the property vendor does not know their budget and, therefore, that our clients can negotiate the very best price on their house purchase.”

Many of the broker’s clients have left great reviews on Google talking about the great experience they had working with the broker. “Love the fact that The Mortgage Bureau are totally independent (of lenders and estate agents). We have always gone back to these guys ever since buying our first home when they arranged our mortgage. They make everything so easy and, while they are professional, they are friendly as well. We return every couple of years to make sure we have the best mortgage deal. They have become friends over the years. Wouldn’t go anywhere else! Would definitely recommend.”

The Mortgage Bureau offers assistance with a variety of mortgage-related issues, including remortgaging, Buy to Let mortgages, first-time buyer mortgages and much more. Anyone interested in Buy to Let mortgages in Peterborough can get in touch with the broker online through their official website. Their Peterborough office is located in a prime location not far from the Queensgate Shopping Centre and accompanying car parks. A number of local estate agents are located near the office.