Landlord contents insurance could be required to cover more properties in the UK, as industry commentators think that now could be one of the best times to invest in buy to let.
The reason behind this point relates to the stagnating real estate prices up and down the country, and that demand for reasonable rental prices remains sought-after. Read more…
The time may now be right for landlords with rented property insurance looking to buy more houses and flats to get back into the market.
UK house prices have now fallen for the seventh month in a row, according to housing intelligence firm Hometrack.
Both buyers and sellers were in short supply as the average cost of a home in England and Wales dropped by 0.5% this month to stand at £153,600. Read more…
Nearly one in three Britons have to spend more money each month than they have coming in – a figure likely to alarm many landlords with buy to let insurance.
Research by The Co-operative Insurance and housing and homelessness charity Shelter found that the cost of outgoings such as rent, mortgage payments, living costs and fuel bills meant UK adults faced an average shortfall of £165 a month, with more than a quarter (26%) uncertain whether they could pay their bills on time. Read more…
Homeowners with Rented Property Insurance can expect to see the value of their properties increase by around £10,000 in 2011.
The Assetz House Price Watch survey for December showed property values had increased by an average of 1% over 2010. Read more…
Landlord contents insurance holders are finding rising rental arrears and unpaid rent a reason for concern in the buy-to-let sector.
Commentators on the industry have been observing that the previous decision by the government to forwarding housing benefits to the tenant rather than the landlord who requires payment, has made this situation worse. Read more…
Landlords with buy to let insurance have rarely had it so good for a variety of economic reasons – not least the inability of many prospective first-time buyers to raise a deposit.
At least 100,000 first-time buyers who have no help from the “bank of mum and dad” were unable to enter the housing market last year, as the number of low-deposit mortgages slumped. Read more…
Belvoir Lettings has formulated a “to-do” list for landlords with Rented Property Insurance before a tenant moves into their property.
1 Come clean
“If I was to let out my property I would ensure the property was immaculate throughout with gardens freshly cut,” said Luke Mason proprietor of Belvoir Hitchin. “It goes without saying that landlords should make sure the house is clean, however, some don’t and this does not get things off to a great start.” Read more…
