Landlords with rented property insurance could well be among the main beneficiaries from an issue which continues to look as though it will keep holding back the first-time buyer market for some time to come.

Since the credit crunch struck four years ago, financial institutions have effectively stopped lending to many people to whom they might previously have granted mortgages.
This has been a key factor in blocking the number of people able to purchase property.

Whether lenders start to ease those restrictions any time soon is another matter - but it is likely that even if they do they will continue to require prospective buyers to have a sizeable cash deposit to put down.

This often equates to around 10-20% of the value of the property.

But with house prices still relatively high, it is proving difficult for many people to raise such sums.

For first-time buyers in London, it is believed that many could take up to 20 years to save up the money needed.

While the time required is less elsewhere in the UK, the money needed is still significant and it will take average prospective buyers many years to get it together.

In essence this means that unless lenders start allowing people to take out 95-100% mortgages again, prospective first-time buyers look set to spend many more years renting in the private sector.

This will clearly provide a steady stream of demand for landlords for some considerable time to come.

Make sure you are prepared for this by taking out the right level of landlords insurance for your needs.