One in five private tenants report electrical faults which are ignored or acted on too late by landlords, a charity claims. Landlords are leaving renters at considerable risk by not taking electrical safety seriously, a new report says. Read more…
Insuring the home against potential water damage problems is “vital” and is an “essential safeguard” against any future loss, for all landlords insurance holders.
And that’s according to the Chartered Institute of Plumbing and Heating Engineering (CIPHE). Read more…
The owners of some of the UK’s more expensive homes are having to become let property insurance holders, as selling in the current market offers little value.
A number of owners of such homes have “held on for as long as they possibly can” in hope of house price rises, but now have to rent out their home, according to LettingZone. Read more…
Fewer first-time buyers are becoming home owner insurance holders in the UK today, according to the results of two recent surveys reported by the Residential Landlords Association [RLA].
One survey cites that almost two-fifths of aspiring landlord insurance holders expect to be 40 or older, when they buy their first home. Read more…
Homeowners and landlords with insurance are being warned they could be losing money by not shopping around for the best deal.
Britons are collectively wasting £1.7billion by not getting the best value deal on home insurance, according to comparison website Confused.com. Read more…
Future homeowner insurance holders are now carrying a notable “deposit gap” as they try to get onto the property ladder in the UK.
New research from property portal FindaProperty.com shows 29 per cent of aspiring first-time buyers have less than a 10 per cent deposit saved up.
Meanwhile four in ten potential landlord house insurance holders are said to be sitting pretty with at least a 40 per cent deposit stashed away. Read more…
With the especially cold winters over the last couple of years home owners are being urged now to take preventative measures to avoid burst pipes this coming winter.
In recent years Christmas and New Year has seen insurers receiving up to 50% more claims than expected for the time of year as a result of the freezing weather. More of these claims are for damage caused by escape of water than for fire or theft. Read more…
