Buy-to-let market continues to improve for landlords
Increasing numbers of landlords with buy to let insurance are taking steps to boost their portfolios.
Existing landlords and those new to letting are being attracted by the prospect of making the most of the current burgeoning demand.
This has seen rents hit record levels month after month in recent quarters.
One major problem plaguing the sector has been the inability to get financial institutions to lend.
However, although tough restrictions remain, it is clear that lenders are now freeing up money for BTL purposes.
New data from the Council of Mortgage Lenders indicates a small but significant rise of 16% in the amount of new BTL loans issued in Q3 this year.
The value of these loans has also risen by around one fifth.
However, with lending at around a third of the level it was at its peak, it is clear that there is still some way to go yet before the market returns to anywhere near its previous heights.
Whether you are a new landlord, an existing landlord with a single property or a landlord with multiple properties who is keen to buy more - you all have one thing in common.
It is crucial to make sure your investment is protected by insurance for rented property.


