Landlord Insurance
Landlords benefit from falling house prices
The private rental sector is booming and landlords are at the top of the ladder. According to the Land Registry, house prices for October fell by 0.9% on September’s figures. The average property price in England and Wales is now £159,999. This figure has decreased by 3.2% annually. The only region which experienced an increase [...]
Cost of rent at record high… again
The cost of renting a property in England and Wales has increased for the ninth consecutive month. The average cost of rent has reached a record breaking high of £720 for October. Research, from LSL Property Services, found that the average price of renting has increased form £718 in September to £720 in October. Whilst [...]
Record demand for rent boosts buy-to-let market
The buy-to-let market has seen positive growth recently as tenant demand strengthens. The latest research from the Council of Mortgage Lenders (CML) has revealed that new buy-to-let loans were up in the third quarter of the year. There has also been a 46% year–on-year increase in the value of gross advances. Landlords are now reaping [...]
Amateur landlords at risk
Landlords are at risk of failing to protect their property, according to the latest research. Defaqto, the independent financial research company, believe that it is important for “amateur landlords to arrange specialist buy to let insurance to protect their portfolio”, highlighting what landlords should look for in a policy.
Who Needs Landlord Insurance?
According to official figures, the number of buy-to-let mortgages has shown a steady increase over the last year. With an increasing number of property owners entering the buy-to-let market, it is very important that they arm themselves with the right knowledge.
Increasing Number of Tenants Opposing Evictions
Landlords, even those with landlord insurance policies, increasingly have to deal with the realities of an economy in recession. More and more tenants lose their jobs and are therefore unable to pay their monthly rent. For the property owner this can become a nightmare: he does not receive any return on his investment, he still [...]
Mortgage Products Showing Strong Increase
Property owners with landlord insurance policies might be interested to hear that the number of mortgage products aimed at buy-to-let owners is increasing at a record rate. This information was provided by Mortgages for Business in their latest Complex BTL Index. According to the company, the number of mortgage products aimed at this market sector [...]
Will Lower Interest Rates Affect the Buy-to-let Sector?
Landlords in the buy-to-let market are no doubt closely watching developments in the mortgage market, even if they are not currently considering buying new properties. While landlord insurance is vital when it comes to protecting your assets in this industry, you also need to be aware of the latest developments in the marketplace. This will [...]
Landlords Enjoy Even Higher Rents
Landlords with proper landlord insurance have everything working in their favour right now. Not only are property prices much more realistic than a few years ago, but there seems to be no end in sight when it comes to rent increases. Despite already being at record levels, recent months have seen ever further increases in [...]
The First Ill Winds of Winter Blow Across the UK
The little bit of summer we had in the UK this year now seems to have left for good and the first autumn winds and rain have already started to lash parts of the country. Apart from checking that your landlord insurance and contents insurance policies are up to date, this is also the time [...]
